Dovetailing on the uptick in the housing and remodeling markets, consumer spending for U.S. manufactured residential furniture reached in $17.8 billion 2012.
New Zealand leads the world as the largest exporter of softwood logs, counting for more than 20 percent of global trade, as exports have doubled to approximately 16 million cubic meters, according to a report by Wood Resources International.
Despite a sluggish revenue period between 2009 and 2011, upward trends in new and existing home sales have spurred a rebound in the cabinet and vanity manufacturing industry, with sales increasing to $14.8 billion as of earlier this year.
Markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today.
Nationwide housing starts rose 5.9 percent to a seasonally adjusted annual rate of 896,000 units in July as multifamily construction rebounded from a dip in the previous month, according to newly released figures from HUD and the U.S. Census Bureau.
Nationwide housing affordability slipped several notches as recovering markets witnessed significant firming of home prices in the second quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today.
Builder confidence in the 55+ housing market for single-family homes showed strong continued improvement in the second quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders' (NAHB) latest 55+ Housing Market Index (HMI) released today.
Builder confidence in the market for newly-built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released June 17.