2017 Single-Family Forecast

If you’re a single-family homebuilder, you’ll be glad to hear that industry analysts anticipate that 2017 will be a strong year for sales of new single-family homes. Dodge Data & Analytics predicts that single-family starts will increase 9% next year to 795,000 homes. The National Association of Realtors is more cautious, predicting that we’ll see 620,000 new home sales – a significant increase from the estimated 570,000 in 2016.

Industry watchers think that the coming year will be steadier than 2016, which witnessed a number of wild swings. For example, the number of housing starts in October 2016 was the highest monthly total since the early 1980s, but new starts cratered in November.

The new administration in Washington has promised to cut business taxes and slash regulations. While it’s true that lower taxes will benefit single-family builders, they’ll have minimal impact on the multifamily market. That’s because many apartment operators are organized as real estate investment trusts (REITs), which already avoid most corporate taxes. Moreover, most of the regulations in the housing industry are on the state and local level, not federal.

The industry consensus is that the economy will perform slightly better this year, with modest increases in both Gross Domestic Product and job growth. As always, LP Building Products is prepared to support single-family builders in 2017 with our full line of engineered wood framing, panels and siding products. Check out some of our case studies showing how single-family homebuilders have used our products in application!

Continue Reading
Industry Trends5 min

Managing Moisture Behind Board and Batten Siding

While board and batten siding is typically made of wood, it can also be made from vinyl, fiber cement or even steel. But if you’re worried about durability and curb appeal—and these days who isn’t?—engineered wood siding is a smarter buy compared to traditional wood siding because it mimics its look but features greater durability and easier maintenance.

Continue Reading
News & Stories6 min
How to Install Flashing Under Siding

Flashing is a key part of the LP® SmartSide® Trim & Siding installation process, helping to protect homes from the elements by preventing moisture intrusion. When you are installing lap siding, incorrectly installed flashing may lead to moisture issues that can affect other aspects of the home, in addition to the siding.

Curb Appeal4 min
What Are the Top Color Trends for Resale Value?

When you’re re-siding your home, it’s important to consider how your design choices will impact your home’s resale value. While the material you choose can make a difference, the color of your home is a great way to add value and catch a buyer’s eye.

Curb Appeal4 min
How to Choose Trim to Customize Your Home

The unique way you incorporate trim and siding around windows and doors can take an otherwise typical home to the next level—and protect it from the elements along the way.