Tag Archive for ‘Building Materials’

Most Common Exteriors On New Homes are Stucco and Vinyl in 2020

According to the data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal exterior material on new single-family homes started in 2020 (28 percent),  followed by Vinyl siding (26 percent), fiber cement siding (such as Hardiplank or Hardiboard (21 percent), brick or brick veneer (19 percent). Far smaller shares of single-family homes started last year had wood… Read More ›

Price of OSB Up More Than 500% Since January 2020

Framing lumber prices garnered more attention than any other building material over the past year as prices quadrupled between April 2020 and May 2021.  But even as lumber prices decline, the spotlight on lumber continues to crowd out the story of meteoric price increases of another wood product integral to the integrity of a building’s structure—oriented strand board (OSB). The… Read More ›

Builders Report 26 Percent Increase in Material Prices

A post published last week discussed how record numbers of builders were reporting on broad-based shortages of building materials and products.  The source of the information was the May survey for the NAHB/Wells Fargo Housing Market Index (HMI).  The same survey asked the HMI panel of single-family builders how total material costs for the same house have changed over the… Read More ›

Domestic Sawmill Output Not Keeping Up with Construction

The historic climb for lumber prices, combined with delays and higher costs for other building materials, is a significant limiting factor for home building in 2021. Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new construction has been unable to add additional needed supply to the market, resulting… Read More ›

Higher Lumber Costs Add More Than $35K to New Home Prices, $119 to Monthly Rent

According to NAHB’s latest estimates, rising softwood lumber prices over the last 12 months have added $35,872 to the price of an average new single-family home, and $12,966 to the market value of an average new multifamily home.  That increase in multifamily value translates to households paying $119 a month more to rent a new apartment. These estimates are based on the softwood lumber used… Read More ›

Global Exports of U.S.-Grade Framing Lumber

The United States consumed roughly 47 billion board feet of softwood lumber in 2019, 30.8% of which came from 48 foreign countries.  All softwood lumber imports are not created equally, however.  The lumber used to frame a home in the United States must meet stringent standards set by the American Lumber Standard Committee and only 16 foreign countries produce lumber… Read More ›

Top Challenges for Builders: Building Materials Prices in 2020 & 2021

Building materials prices topped the list of problems builders faced in 2020 and is expected to return to the number one spot in 2021, according to special questions on the December 2020 survey for the NAHB/Wells Fargo Housing Market Index.   The survey results showed that building materials was a significant issue for 96% of builders last year.  In 2021, however,… Read More ›