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Holzhaus-Gebäude

Home prices in US declined for the third straight month in September as the housing market continues to cool. In September, all 20 metro areas experienced negative home price appreciation.

Elevated mortgage rates, high construction costs for concrete and other building materials, and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production in the USA.

US LBM has expanded its reach in the New York metropolitan area, opening a new roofing and siding focused location in Whippany, New Jersey. The new location will operate under US LBM’s Universal Supply division.

Over the first nine months of 2022, the total number of U.S. single-family permits issued year-to-date (YTD) nationwide reached 800,424. On a year-over-year (YoY) basis, this is 7.4% below the September 2021 level of 864,184.

Georgia Truss designs, manufacturers and supplies roof and floor truss components to contractors, developers and multifamily, commercial and residential builders in the greater Atlanta metropolitan area.

As rising mortgage rates in the US continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September.

U.S. single-family housing starts declined further in September as high mortgage rates, ongoing building material production disruptions and flagging demand stemming from rising affordability challenges continue to put a damper on new home production.

Over the first eight months of 2022, the total number of U.S. single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772.

Stora Enso launches Sylva, a massive wood building kit comprising pre-manufactured, custom-made applications delivered just-in-time to the building site. Sylva is Stora Enso’s range of engineered and prefabricated products such as cross-laminated timber (CLT), laminated veneer lumber (LVL) and glued laminated timber (G...

BlueLinx Holdings Inc. has acquired privately-held Vandermeer Forest Products, a premier wholesale distributor of building products, for a purchase price of $67 million, which includes $3.6 million for the distribution facility and real estate in Spokane, Washington and $63.4 million for the business.

U.S. private residential construction spending declined 0.9% in August, as single-family construction spending slid amid surging mortgage rates. Private residential construction spending declined for the third consecutive month, standing at an annual pace of $921.9 billion.