The National Association of Home Builders recently analyzed total spending in the private residential construction sector based on Census data and found that all three components (single-family, multifamily and home improvement spending) posted gains in October. Spending for single-family homes increased by 1.8 percent, multifamily spending went up 1.0 percent and home improvement spending saw an increase of 0.6 percent over September’s figures.
Based on these combined increases, total spending in the private residential construction sector rose to a seasonally adjusted annual rate of $353.8 billion. According to the data, total spending has increased 1.3 percent on a 3-month moving average basis since October 2013.
Read the full article from NAHB here.
Big builder market share has doubled in the last 25 years and now represents about 50 percent of housing starts nationwide – and even 75 percent in some major metro areas. These mega-builders have huge budgets for both land development and marketing. It’s increasingly difficult for small and medium-sized builders to compete, but LP is committed to helping them prosper.Continue Reading
GoBankRates.com estimates that the average tax refund this year will total about $3,000. In a survey conducted by that organization, 10 percent of respondents said they plan to splurge on a vacation or luxury item when the refund arrives. But 9 percent plan to use that money for a “major purchase.”
To better serve its customers in areas of order accuracy and delivery predictability, LP has set some of the industry’s most aspirational supply chain goals. Senior leaders meet regularly with experts at Gartner, arguably the nation’s best consulting firm in the realm of supply chain optimization. The aim is to apply best practices in procurement, logistics and working capital across more than $1 billion of addressable spend.
Move aside, Old Man Winter—it’s officially springtime. Could your home’s exterior use some sprucing up before you’re officially ready to soak up the sun? This spring cleaning season, make sure you’re showing some TLC to both the interior and exterior of your home.