Almanac Market Data

Global uncertainty and fewer first-time buyers could impact housing

November 2015's housing data was positive with the exception of existing house sales (-3.8% Y/Y). The volatile multi family sector remains strong (+21.3% Y/Y; ≈35% of all starts) with rents rising.Housing prices are increasing steadily as inventories are low (4.6 months supply for SF, 4.8 months for existing homes). Yet, fewer houses are bought by first time buyers (≈32% now vs. ≈40% historically) due to a variety of reasons. Without the return of these first time buyers, it's hard to envision a return of the housing market to "normal."

Closets Conference & Expo News

How much do cabinetmakers charge? Find out at Cabinets & Closets 2016

For building a walnut kitchen cabinet suite, cabinetmakers' pricing ranged from a low of $8,600 all the way up to more than $37,000. For a frameless maple kitchen, estimates ranged from $10,000 to over $35,000. FDMC magazine editor Will Sampson will details on these and other live projects estimates in his renowned woodworking Pricing Survey at Cabinets & Closets 2016, March 22-24 in Pasadena, California.