The Last Word: The Last Word on Multi-Family Joe Kannapell Has COVID-19, its aftermath, and raging inflation brought the multi-family truss business back to its roots? Bo Powers, co-owner of Panel Truss, sees fewer wraps and more garden style jobs further from cities. Kenny Shifflett, owner of Ace Carpentry, believes the plethora of these... Read More May 2022 Issue #14274 Page 126
Will Rising Interest Rates Affect Your Equipment Purchasing? Carl Villella The Federal Reserve Bank approved its first interest rate hike since December 2018 at their meeting in March. The interest rate hike was 0.25%. In an effort to fight inflation, the Fed indicated an aggressive path ahead, indicating that there will be rate rises at each of their six remaining... Read More April 2022 Issue #14273 Page 63
Lumber Briefs: Housing Affordability Inflection Point Matt Layman Cooling ahead for CMs Zillow reports that the number of multigenerational family households has quadrupled since 1971. 18% of Americans now live in multigenerational housing and housing supply is at an all-time low. Families are moving back in with relatives due to increased housing... Read More April 2022 Issue #14273 Page 90
The Skilled Labor Shortage is Pushing Building Industries Toward a Tipping Point Bill Darcy Even before the coronavirus pushed it into the stratosphere – setting record new highs – the housing market was experiencing one of the largest booms in the country’s history. From 2012 until the start of the COVID-19 pandemic, the U.S. housing market had risen more than 50%,... Read More April 2022 Issue #14273 Page 96
The Economic Outlook for 2022 Carl Villella The economic outlook for 2022 appears to be a positive one, according to reports prepared by firms such a Deloitte, Capital Group, and Edward Jones. All agree that the 2020 market downturn was short-lived, and that the economy is continuing on the upswing that has been going on for the past... Read More March 2022 Issue #14272 Page 61
My Take-Aways from the Massive 2022 IBS February’s International Builders Show (IBS) in Orlando, Florida was massive in both size and content. I consider myself lucky to have gotten a press pass to the IBS. I say lucky not because the pass was obtained, any good trade show will offer that to increase exposure for the show and... Read More March 2022 Issue #14272 Page 84
Lumber Briefs: Housing Momentum Rushing To Over Built Matt Layman There are multiple Overlooked Obvious housing conditions that scream “runaway supply of shelter” is already in process. First and foremost, let us differentiate between housing and shelter. Housing demand implies one dwelling for a household. A household is not a family... Read More March 2022 Issue #14272 Page 104
Webb Analytics’ 2021 Deals Report Shows Sharp Rise in Acquisitions and Openings for LBM Firms Craig Webb Pro-oriented, residentially focused construction supply companies acquired 671 locations and opened 154 others in 2021, capping one of the busiest years ever for lumberyards, specialty dealers, and related firms, Webb Analytics’ just-released 2021 Deals Report finds. [For charts and... Read More March 2022 Issue #14272 Page 114
The Last Word: The New American Home Joe Kannapell Trusses of the future will be flat, or nearly flat, based on The New American Homes (TNAH) that have been shown annually at the International Builders Show (IBS). Though the elegant designs of these homes may seem atypical, they have to abide by the same factors that affect every house being... Read More March 2022 Issue #14272 Page 136
Celebrating 30 Years in the Business Ray Fedorko Acceptance Leasing and Financing is celebrating a milestone anniversary this year: 30 years in the commercial equipment financing business! Carl Villella, President and founder, first began his career in the corrugated board manufacturing business following his graduation from Penn State... Read More February 2022 Issue #14271