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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Industry Trends5 min

Helping Small Builders Compete Against the Giants

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.

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Leading the Way in Supply Chain Innovation

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.

Maintenance4 min
Outdoor Spring Cleaning Checklist: The Complete Homeowner’s Guide

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.

Business Advice5 min
The Importance Of Vapor Permeability In Building Envelopes

For weather-resistant barriers (WRBs), ASTM has developed rigorous tests for water resistance and water penetration, plus an air barrier assembly test. But an equally important test is ASTM E96, which measures water vapor permeability over a 24-hour period.