November Employment Numbers Exceeded Expectations

The National Association of Home Builders recently cited data from the Bureau of Labor Statistics (BLS), which showed that payroll employment saw a gain of 321,000 in November. According to the report, this increase was well above expectations for the month. Prior to November, monthly payroll employment gains saw an average uptick of 233,000.

Job gains in the U.S. have seen significant growth in recent months, serving as further evidence that the economic recovery is gaining momentum. In fact, the labor force is expanding at a rate of 5.8 percent, with over 119,000 jobs added to the workforce in November alone. In addition, the unemployment rate is between five and six percent currently, which is the top end of what some economists deem as normal.

Read the full article from NAHB here.

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Renovation5 min

Tips on Re-Siding in Historic Districts

If you own a home in a historic district, you can forget about replacing the existing siding with vinyl. Most historic districts require replacement siding to closely match the original, hence wood (or engineered wood) and brick. Understanding home building regulations based on historic overlays can help eliminate the headache during renovations, so it’s important to stay in the know before embarking on the project.

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Industry Trends6 min
Where the Construction Labor Shortage Is Most Severe

According to the latest American Community Survey from the U.S. Census Bureau, about 4 million people now work in residential construction (both single-family and multifamily) – down from the 5 million who were employed just before the Great Recession. Although the workforce has shrunk by 20 percent nationwide, some parts of the country are experiencing less pain than others. Similarly, light commercial construction has been reportedly back on the rise post-Recession, with IBISWorld reporting that the recovery started just before 2014 and continuing steadily through 2019 (source).

Renovation5 min
Top Four Home Exterior Tips for Fall

With fall just around the corner, it’s time to plan how you will ensure your home’s exterior is ready for the cooler temperatures while also keeping up with the latest seasonal trends. Not sure where to start? We break down the top four home exterior tips for fall for a little inspiration.

Industry Trends7 min
A Commitment to Product Availability

It’s frustrating when factors outside of your control cause you delays or unexpected expenses during a project. Those factors could be weather delays, insufficient staffing, breakdowns in cash flow and unreliable product availability. LP devotes significant resources each year to ensure that its product availability is second to none. Because even the most innovative building solution is useless to customers unless they know that it’s available when they really need it.