Each week, we’re rounding up a list of valuable and inspiring industry content to keep you informed, empowered and motivated for future success.
Today, we’re bringing you details about the increase of new homes in the U.S., information about the increase in lumber prices and the effect it’s having on new home prices, updates on steel output in the U.S. and more.
Business insights
- New home construction has seen a steady increase over the last three months and construction of new U.S. homes grew 22.6% in July. See this article from Construction & Demolition Recycling for more details.
- Due to the increase in lumber prices, the average new home price is about $16,000 higher. For more information, read this article from the National Association of Home Builders.
- Although there is money available for new construction projects, many contractors don’t want to take the risk in the current environment. Check out this Construction Dive article to learn more.
- Though steel output in the U.S. continues to slowly increase, the numbers are still down about 25.2% from 2019. Read the updates in this article from Construction & Demolition Recycling.
- Due to high demand and mill shutdowns, lumber prices in the U.S. are steadily rising. Find out what this could mean for your and your construction business in this article from Construction Dive.
Legal Issues
- As construction workers prepare for permanent changes to the way they do business, they should also consider making changes to the language in their contracts. See what legal experts have to say in this article from Construction Dive.
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