Cofer/Adams is the Atlanta - Athens GA area source for replacement windows and doors and structural home improvement materials. Call (770) 995-3900 for all of your vinyl window, lumber and building material needs, Cofer/Adams' helpful staff has answers to your questions. Cofer/Adams can help you measure for replacement windows and doors; YKK AP Precedence™ Replacement Windows are designed to easily replace wood windows, and they qualify for the for 2009-2010 Energy Tax Credit. Another good way to beautify and make your house more energy efficient is with Therma-Tru fiberglass doors. Weather in the Atlanta - Athens GA area can be especially pleasing this time of year, a perfect time to enjoy relaxing on your new TimberTech deck! Let the experts at Cofer/Adams help you with your treated lumber and composite deck project needs.
Send a question or call Cofer/Adams today (770) 995-3900 and let US help YOU Build YOUR American Dream Home!
Wednesday, December 9, 2009
Thursday, November 12, 2009
Helping YOU build YOUR LEED Certified American Dream Home
Let Cofer/Adams help you with your LEED certification needs. Cofer/Adams is the leading Atlanta - Athens Georgia area supplier of building materials that can help you attain LEED certification for your home or wood-framed commercial building. Extra points can be achieved by using Boise engineered lumber, cut by our computerized, optimized SawTec saw to minimize waste. Huber OSB products, such as Zip-Wall, Zip-Roof and Advantech sub-flooring are part of the Sustainable Forestry Initiative (SFI), do not use any urea-formaldehyde in the manufacturing process, and qualify based on manufacturing proximity in our area. Energy Star doors and windows help with points and energy savings. Masonite's "Safe and Sound" interior doors utilize DorCor™ made from wheat straw, and reduce sound transmission between rooms. Check with us for the green products you need to gain points for your LEED certified building.
Friday, October 30, 2009
New Residential Construction Report September 2009
According to the U.S. Census Bureau and the Department of Housing and Urban Development, single family housing permits indicate that future construction activity will fall 28% nationally as compared to September 2008. The data also predicts a huge 74% drop since construction peaked in January 2006. Economists generally agree that annual demand for new housing units is somewhere around 1.8 million. Some economists say that 2 million units are required annually, while others think that the actual demand 1.5 million is. Here's part of how they come up with these numbers. The primary drivers of housing unit demand are new household formation and housing unit destruction. We regularly hear that new households, on average, form at a rate of 850,000 per year. Housing destruction is composed primarily of units destroyed by fire, flood, natural disaster and urban renewal, and is generally considered to be around 750,000 units per year. Fires alone account for almost 450,000 homes destroyed annually. Just watch the news any evening in Atlanta, and you are likely to see or hear about apartment or house fires. Adding just these two demand measures yields a 1,600,000 annual unit demand.
As the U.S. population has continues to rise, just as it has for the last 50 years, new housholds should be forming. For the last three years, new households have not been forming at a normal rate. Single people are moving in with each other, young adults are returning to live with their parents, and immigrants are entering the country at a much slower rate. New households should begin to form at some point, and this "pent-up demand" or "shadow demand" should absorb any excess inventory on the market from foreclosures. Housing units, however, continue to be destroyed on a ongoing basis. This year alone, more housing units were destroyed by the floods in the Atlanta Metro Area this year than were permitted through September. Subtract the additional units destroyed by fires (usually the largest part of the destroyed number) and urban renewal, and Atlanta should be with a shortage in housing units. Just as over the last 50 years housing has been cyclical with booms and busts occuring irregularly, we may be setting up for another housing boom, when the next generation begins to form households and destroyed units are replaced.
As the U.S. population has continues to rise, just as it has for the last 50 years, new housholds should be forming. For the last three years, new households have not been forming at a normal rate. Single people are moving in with each other, young adults are returning to live with their parents, and immigrants are entering the country at a much slower rate. New households should begin to form at some point, and this "pent-up demand" or "shadow demand" should absorb any excess inventory on the market from foreclosures. Housing units, however, continue to be destroyed on a ongoing basis. This year alone, more housing units were destroyed by the floods in the Atlanta Metro Area this year than were permitted through September. Subtract the additional units destroyed by fires (usually the largest part of the destroyed number) and urban renewal, and Atlanta should be with a shortage in housing units. Just as over the last 50 years housing has been cyclical with booms and busts occuring irregularly, we may be setting up for another housing boom, when the next generation begins to form households and destroyed units are replaced.
Sunday, October 4, 2009
Georgia Floods Damage & Destroy Thousands of Homes in Athens & Atlanta, Rebuilding Will Require Lumber and Building Materials
Massive flooding covered widespread areas in North Georgia two weeks ago. As a result of the torrential rains, thousands of homes and businesses in Georgia suffered some level of damage or were destroyed. 114 homes in the city of Atlanta alone were destroyed by the floods, with many more damaged or destroyed in suburban and rural areas. More homes were destroyed than have been built this year. Athens had more flooding rains last weekend.
There are fewer new homes for sale than there have been since march of 1983, and there are far fewer existing homes for sale in Atlanta than there have been in several years. As homes are rebuilt and repaired, there will be a greater demand for lumber and building materials. If we use more green home building products for new construction, repair and home improvement, we will make the world we live in a better place.
There are fewer new homes for sale than there have been since march of 1983, and there are far fewer existing homes for sale in Atlanta than there have been in several years. As homes are rebuilt and repaired, there will be a greater demand for lumber and building materials. If we use more green home building products for new construction, repair and home improvement, we will make the world we live in a better place.
Thursday, October 1, 2009
New Home Sales At Nearly 1 Year High, Lumber Futures Decreasel, Atlanta Flood Update
Higher numbers in the New Home Sales report were expected by lumber traders:
CME lumber ends lower amid underlying cash weakness
November lumber closed down $4.80 at $169.10 per thousand board feet and January off $2.90 at $193.10. Both months posted 2-1/2-week lows.
New home sales climbed 0.7% to 429,000, according to data released last Friday. The available supply of new homes for sale dropped to 262,000, the lowest number in over 26 years. This represents a supply of 7.3 months at the current sales rate.
Atlanta, Athens and North Georgia are expecting more rain this weekend. Fourteen counties are now eligible for FEMA disaster assistance.
Atlanta flood update: More FEMA relief, flash flood watch
Building materials are still in adequate supply, with only spot shortages of some items.
CME lumber ends lower amid underlying cash weakness
November lumber closed down $4.80 at $169.10 per thousand board feet and January off $2.90 at $193.10. Both months posted 2-1/2-week lows.
New home sales climbed 0.7% to 429,000, according to data released last Friday. The available supply of new homes for sale dropped to 262,000, the lowest number in over 26 years. This represents a supply of 7.3 months at the current sales rate.
Atlanta, Athens and North Georgia are expecting more rain this weekend. Fourteen counties are now eligible for FEMA disaster assistance.
Atlanta flood update: More FEMA relief, flash flood watch
Building materials are still in adequate supply, with only spot shortages of some items.
At Cofer Adams we are North Georgia's Professional Lumber and Building Material Supply
At Cofer/Adams Building Center it is our pleasure to provide free job-site delivery service in the Atlanta - Athens, Georgia area from our Lawrenceville based operation. Exact job placement of lumber, plywood and other building materials can be coordinated through communication with our expert Sales, Dispatch or Driver staff. Each order is accurately pulled and loaded by our veteran pulling staff with attention to top loading the material required first by your sub-contractor. Once loaded, each order is double checked for accuracy, targeting a 100 percent fill rate for all stock items. We have one of the lowest backorder rates in the industry.
With a combined delivery fleet consisting of pick-up trucks, 6 wheel enclosed van trucks, 6 and 10 wheel dump trucks, 10 wheel combination dump trucks, 10 wheel combination flatbed with Moffit and several tractor trailer/Moffit trucks, we are confident that Cofer/Adams Building Supply is equipped to handle all of your delivery requirements
You can count on prompt and courteous delivery of lumber, building materials, engineered wood floor systems, framing lumber, finish lumber, treated lumber, composite lumber, engineered lumber, plywood, OSB, exterior wood doors, exterior metal doors, interior wood doors, interior masonite doors, interior door units, wood windows, vinyl windows, wood molding, hardwood molding, pvc molding, flex molding, columns, stair parts, roofing, roof trusses, floor trusses, hardware and all of the complimentary items necessary for single family home construction.
Our logistics professionals excel in delivering lumber and building materials to the Atlanta - Athens, Georgia area.
We service these cities regularly:
Arcade, Alpharetta, Athens, Atlanta, Auburn, Bethlehem, Bogart, Braselton, Buford, Commerce, Conley, Conyers, Cornelia, Covington, Cumming, Dacula, Dahlonega, Dawsonville, Decatur, Douglasville, Duluth, Eatonton, Fairburn, Flowery Branch, Gainesville, Grayson, Greensboro, Hamilton Mill, Hampton, Hoschton, Jefferson, Lawrenceville, Lilburn, Lithonia, Loganville, Madison, Marietta, Maysville, McDonough, Monroe, Morrow, Newborn, Norcross, Oakwood, Oxford, Peachtree City, Riverdale, Senoia, Snellville, Social Circle, Statham, Stockbridge, Sugar Hill, Suwanee, Tucker, Watkinsville and Winder.
We offer free delivery of lumber, building materials, engineered wood, framing lumber, finish lumber, treated lumber, composite lumber, wood doors, wood windows, wood molding, hardwood molding, roofing, roof trusses, floor trusses, stair parts, green home building products, siding and cornice for qualified orders to these counties: Barrow, Cherokee, Clarke, Cobb, Dawson, DeKalb, Forsyth, Fulton, Greene, Gwinnett, Hall, Henry, Jackson, Madison, Morgan, Newton, Oconee, Putnam, Rockdale, and Walton.
Whether you are building a new home, remodeling or have a home improvement project, Cofer/Adams Building Supply is equipped to handle all of your delivery requirements.
With a combined delivery fleet consisting of pick-up trucks, 6 wheel enclosed van trucks, 6 and 10 wheel dump trucks, 10 wheel combination dump trucks, 10 wheel combination flatbed with Moffit and several tractor trailer/Moffit trucks, we are confident that Cofer/Adams Building Supply is equipped to handle all of your delivery requirements
You can count on prompt and courteous delivery of lumber, building materials, engineered wood floor systems, framing lumber, finish lumber, treated lumber, composite lumber, engineered lumber, plywood, OSB, exterior wood doors, exterior metal doors, interior wood doors, interior masonite doors, interior door units, wood windows, vinyl windows, wood molding, hardwood molding, pvc molding, flex molding, columns, stair parts, roofing, roof trusses, floor trusses, hardware and all of the complimentary items necessary for single family home construction.
Our logistics professionals excel in delivering lumber and building materials to the Atlanta - Athens, Georgia area.
We service these cities regularly:
Arcade, Alpharetta, Athens, Atlanta, Auburn, Bethlehem, Bogart, Braselton, Buford, Commerce, Conley, Conyers, Cornelia, Covington, Cumming, Dacula, Dahlonega, Dawsonville, Decatur, Douglasville, Duluth, Eatonton, Fairburn, Flowery Branch, Gainesville, Grayson, Greensboro, Hamilton Mill, Hampton, Hoschton, Jefferson, Lawrenceville, Lilburn, Lithonia, Loganville, Madison, Marietta, Maysville, McDonough, Monroe, Morrow, Newborn, Norcross, Oakwood, Oxford, Peachtree City, Riverdale, Senoia, Snellville, Social Circle, Statham, Stockbridge, Sugar Hill, Suwanee, Tucker, Watkinsville and Winder.
We offer free delivery of lumber, building materials, engineered wood, framing lumber, finish lumber, treated lumber, composite lumber, wood doors, wood windows, wood molding, hardwood molding, roofing, roof trusses, floor trusses, stair parts, green home building products, siding and cornice for qualified orders to these counties: Barrow, Cherokee, Clarke, Cobb, Dawson, DeKalb, Forsyth, Fulton, Greene, Gwinnett, Hall, Henry, Jackson, Madison, Morgan, Newton, Oconee, Putnam, Rockdale, and Walton.
Whether you are building a new home, remodeling or have a home improvement project, Cofer/Adams Building Supply is equipped to handle all of your delivery requirements.
Monday, September 28, 2009
Home price increase! The July FHFA Home Price Index
Home prices are increasing nationwide, and the housing market is improving. The July FHFA house price index increase of .3 percent from June provides further evidence that the housing bottom is in place. This makes the third consecutive month over month increase.
Along with the positive news we have seen from other reports, such as New Home Starts and Permits, the NAHB Builder Confidence Index, the S&P/Case-Shiller Home Price Index, the NAR Existing Home Sales Report and New Home Sales, this adds to the argument that housing has begun to improve. We have an "inflection point" in new residential construction, but we haven't reached the "tipping point" yet. August reports from the NAR on existing home sales will be released today and the new home sales report from the Census Bureau will be released on tomorrow. We will see how things shape up here in Georgia when the ground dries out from all of the flooding. Lumber and building materials have yet to show major influence from the underlying fundamental increases in housing. Excess mill capacity will need to be reduced for upward price pressure to resume.
Saturday, September 26, 2009
You Can Build the Perfect Deck with TimberTech® - The Premier "Green" Home Improvement Decking Product!
Cofer/Adams and TimberTech want to help you to have the American Dream Deck that your family deserves.
Quality and Sustainability.
LESS WORK. MORE LIFE.
You can have your American Dream Deck, and promote sustainability using TimberTech® deck products. It's the best green home outdoor product for the Atlanta - Athens Georgia area! TimberTech®cares about the environment, they take pride in their products and they want to make sure that you have the best in deck and fencing material. TimberTech® is a leading manufacturer and leader in the research, development and marketing of long lasting, low-maintenance high quality decking, railing and fencing solutions.
With TimberTech you can build a dream deck with confidence, and enjoy the "Less Work. More Life." promise. Backed by a 25-year limited residential warranty, TimberTech takes the virtual "to do" list out of your deck.
Quality and Sustainability.
Beauty and Low Maintenance.
LESS WORK. MORE LIFE.
It's the perfect combination!
Thursday, September 24, 2009
The Unintended Consequence of China's Lumber Demand, OSB Prices Soften
Many people have heard me talk about the unintended consequences that result from situations in the lumber market. While China's demand for lumber has helped the lumber industry in North America, one unintended consequence could be that there will be less lumber supply available for U.S. homebuilding, and prices will rise as domestic demand increases.
As China's demand for lumber increases, it could reduce lumber available for U.S. homebuilding. China in now the second largest user of North American lumber. Only the United States uses more. Low-grade lumber that would be used for building houses in Atlanta is used largely in concrete forming when shipped to China, and also in furniture construction. Inventories are low for building material supply yards for this time of year. However, there is very little residential construction in Georgia, and the record-breaking rains of the last week have made jobsite delivery nearly imposible.
Lumber sales to China continue to see growth
B.C. continues to ramp up lumber shipments to China and has already exceeded its lumber shipments to the Asian economic giant over last year despite the difficult global economic conditions.
Typically, OSB prices start to fall at this time of year, unless there is tropical activity to stimulate buying. Mill files are growing shorter, and secondaries are trying to move off contract loads. Two Atlantic Ocean weather systems being watched
The National Hurricane Center is monitoring two systems in the Atlantic Ocean this morning.
As China's demand for lumber increases, it could reduce lumber available for U.S. homebuilding. China in now the second largest user of North American lumber. Only the United States uses more. Low-grade lumber that would be used for building houses in Atlanta is used largely in concrete forming when shipped to China, and also in furniture construction. Inventories are low for building material supply yards for this time of year. However, there is very little residential construction in Georgia, and the record-breaking rains of the last week have made jobsite delivery nearly imposible.
Lumber sales to China continue to see growth
B.C. continues to ramp up lumber shipments to China and has already exceeded its lumber shipments to the Asian economic giant over last year despite the difficult global economic conditions.
Typically, OSB prices start to fall at this time of year, unless there is tropical activity to stimulate buying. Mill files are growing shorter, and secondaries are trying to move off contract loads. Two Atlantic Ocean weather systems being watched
The National Hurricane Center is monitoring two systems in the Atlantic Ocean this morning.
Wednesday, September 23, 2009
Jeld-Wen's Oshkosh Door Manufacturing Plant Shuttered
Our industry loses another valued producer of building materials.
End of an era: Jeld-Wen shuts down Oshkosh door plant
Jeld-Wen's Oshkosh door manufacturing facility closes after 154 years of manufacturing doors. This plant was one of the largest manufacturers of ornate wooden doors in the nation. Competition from fiberglass and metal doors, along with the economic decline, left no choice but to discontinue operations here. There are about 1,400 companies in the US wood window and door manufacturing industry with combined annual revenue of about $14 billion. The industry is concentrated: the 50 largest companies control about 70 percent of the market. Demand for wood windows and doors is closely tied to residential construction activity, both new construction and remodeling. As these manufacturers cutail and shutdown, there will be smaller product lines and less supply for the Atlanta-Athens, Georgia area.
There are literally hundreds of lumber, plywood and OSB mills that have closed in the last 3 years. Some may re-open, but many have been dismantled and even transformed into different types of businesses, never to manufacture building products again.
End of an era: Jeld-Wen shuts down Oshkosh door plant
Jeld-Wen's Oshkosh door manufacturing facility closes after 154 years of manufacturing doors. This plant was one of the largest manufacturers of ornate wooden doors in the nation. Competition from fiberglass and metal doors, along with the economic decline, left no choice but to discontinue operations here. There are about 1,400 companies in the US wood window and door manufacturing industry with combined annual revenue of about $14 billion. The industry is concentrated: the 50 largest companies control about 70 percent of the market. Demand for wood windows and doors is closely tied to residential construction activity, both new construction and remodeling. As these manufacturers cutail and shutdown, there will be smaller product lines and less supply for the Atlanta-Athens, Georgia area.
There are literally hundreds of lumber, plywood and OSB mills that have closed in the last 3 years. Some may re-open, but many have been dismantled and even transformed into different types of businesses, never to manufacture building products again.
Monday, September 21, 2009
You Can Build A Green Home with Energy Star Rated Windows and Doors From Cofer Adams
New Energy Star labels for doors, windows and skylights.
Starting October 1, 2009, you might see a label that identifies high-efficiency residential windows, doors, and skylights that currently qualify for the ENERGY STAR but will not meet the more stringent requirements that go into full effect April 1, 2010. Another new
label helps you find products that are eligible for the federal tax credit of up to $1,500.
Let us help you build your American Dream Green Home with windows from YKK AP from Cofer/Adams!
We have all types of green products, such as doors, engineered wood, composite lumber and fiber cement siding.
Whether you are building a new home, or remodeling an existing home, we want to help YOU build YOUR American Dream Home!
Starting October 1, 2009, you might see a label that identifies high-efficiency residential windows, doors, and skylights that currently qualify for the ENERGY STAR but will not meet the more stringent requirements that go into full effect April 1, 2010. Another new
label helps you find products that are eligible for the federal tax credit of up to $1,500.Let us help you build your American Dream Green Home with windows from YKK AP from Cofer/Adams!
We have all types of green products, such as doors, engineered wood, composite lumber and fiber cement siding.
Whether you are building a new home, or remodeling an existing home, we want to help YOU build YOUR American Dream Home!
Lumber Prices Increase While Rain in Atlanta and Athens, Georgia Push Other Building Materials Prices Lower
An increased rate of housing starts in August, combined with low field inventories drove lumber prices up. to Jobsite delivery was hampered in Georgia, especially in the Athens - Atlanta area.
CME lumber ends higher on firmer cash
'A midweek upswing in sales of Western S-P-F sparked the market. Wholesalers took cautious long positions and distributors more confidently replenished,' Random Lengths said.
Lumber and panel mills continue to shut down or curtail production, but that seem to give little support to other building materials. OSB and plywood mills still have some order files, but are under pressure from increased selling at the secondary levels. Upward pressure on panel prices could result from any development of tropical activity in the Atlantic.
Tropical Storm "Grace" forming?
After a week-long quiet spell, the tropics are showing signs of life as a large area of low pressure takes shape in the central Atlantic.
CME lumber ends higher on firmer cash
'A midweek upswing in sales of Western S-P-F sparked the market. Wholesalers took cautious long positions and distributors more confidently replenished,' Random Lengths said.
Lumber and panel mills continue to shut down or curtail production, but that seem to give little support to other building materials. OSB and plywood mills still have some order files, but are under pressure from increased selling at the secondary levels. Upward pressure on panel prices could result from any development of tropical activity in the Atlantic.
Tropical Storm "Grace" forming?
After a week-long quiet spell, the tropics are showing signs of life as a large area of low pressure takes shape in the central Atlantic.
Sunday, September 20, 2009
Build Green in Georgia using Engineered Wood
How would you like to build green homes and save money at the same time? A recently conducted study shows that putting radiant barriers in attics can result in a 20% reduction in the AC unit's run time during the seven hours of peak attic temperatures, can cut peak temperatures by 23 degrees, and have a 57% efficiency improvement in the cooled air delivered through the air ducts. The study was conducted last summer by Appalachian State University, and led by Jeff Tiller, chair of the Technology Department, and Bruce Davis, building research scientist at the ASU Energy Center. In new construction, you can cut your heating costs by using engineered wood panels that are radiant barrier OSB products, such as LP's TechShield. Here in the Atlanta - Athens area, where temperatures often reach well into the 90's, your energy savings can be even greater. For more immediate savings, Huber offers a rebate to first-time builder users for their engineered wood panels. Advantech, Zip-Wall and Zip Roof products improve efficiency and functionality while building green with sustainable wood products.
Saturday, September 19, 2009
Building Green using Engineered Wood in the Atlanta - Athens Georgia area
Here in Georgia, especially in Atlanta and Athens, building material supply dealers are searching for ways to increase sales, while simultaneously contributing to sustainablity. It's no secret that suppliers are promoting green building products more heavily. This appeals to the Generation Y "shadow buyers" that have not yet formed new households. Here in Georgia, We have "pent-up demand" from these potential buyers that could cause a surge in new home purchases. Engineered wood and engineered lumber products will appeal to these new prospects that have a “build green” mind-set. Many people prefer to live in a green home, even considering the higher costs. Composite wood products for decks, such as those manufactured by TimberTech, are not only green building products, but are also low-maintenance.
Builders Don’t Tell Buyers About Homes’ Green Features, Study Shows
Pros are “missing out on a very important opportunity” because consumers are clamoring for these features, says official of J.D. Power and Associates, which conducted the study.
TimberTech products help create a more sustainable world – one piece at a time.
TimberTech has the perfect balance of quality and sustainability. TimberTech is a proud member of the U.S. Green Building Council.
Builders Don’t Tell Buyers About Homes’ Green Features, Study Shows
Pros are “missing out on a very important opportunity” because consumers are clamoring for these features, says official of J.D. Power and Associates, which conducted the study.
TimberTech products help create a more sustainable world – one piece at a time.
TimberTech has the perfect balance of quality and sustainability. TimberTech is a proud member of the U.S. Green Building Council.
Georgia Lumber & Building Material Suppliers Get Good News
The U.S. Census Bureau announced on September 15 that housing permits and starts for August were up from July. Things are looking up for building material supply businesses in Georgia and the Atlanta – Athens area:
Housing Starts in U.S. Climb to Nine-Month High
Sept. 17 (Bloomberg) -- Builders in the U.S. broke ground in August on the most houses in nine months, led by a jump in multifamily dwellings that overshadowed a decrease in construction of single-family homes.
In a related story, the Bureau of Labor Statistics released its producer price index for residential construction:
A Bright Spot in Housing: Construction Costs
On September 15th, the Bureau of Labor Statistics released its producer price index for residential construction. The increase from July to August is a good sign for suppliers to the housing market.
Lumber futures indicated that a major component of construction costs continues to deflate:
CME lumber ends lower on easier cash market
Friday, September 18, 2009
Georgia Construction, Lumber & Building Material Supply update
This has been a cool, rainy week in Atlanta, Georgia. The unusually wet weather dampened sales of Yellow Pine Lumber in Atlanta and Athens this week. The heavier rains being experienced in producing areas will make it hard to get logs out, which should result in a short- to medium term reduction in log decks. Lumber Futures closed higher September 15th, due to short-covering.
CME lumber ends higher on short covering
CHICAGO, Sept 15 (Reuters) - Chicago Mercantile Exchange lumber futures closed higher on Tuesday amid short covering prompted partly by a firm expiration in the September contract.
Construction Starts Up 13% in August vs July
Reed Construction Data (RCD) announced today that the year-to-date value of construction starts through August 2009, excluding residential contracts, totaled $162.3 billion, 13.0% less than in the same period in 2008. Individual month of August starts were 12.7% higher than in July.
CME lumber ends higher on short covering
CHICAGO, Sept 15 (Reuters) - Chicago Mercantile Exchange lumber futures closed higher on Tuesday amid short covering prompted partly by a firm expiration in the September contract.
Construction Starts Up 13% in August vs July
Reed Construction Data (RCD) announced today that the year-to-date value of construction starts through August 2009, excluding residential contracts, totaled $162.3 billion, 13.0% less than in the same period in 2008. Individual month of August starts were 12.7% higher than in July.
Prices for Georgia Lumber & Building Material continue to decline
Lumber and building material prices are slowly grinding lower again. As a result ofhousing market fundamentals, lumber & building material supply businesses in Georgia continue to suffer:
James Hardie: US Housing Market Hasn't Bottomed, But Close
NEW YORK (Dow Jones)--James Hardie Industries NV (JHX) Chief Executive Louis Gries said Monday he expects positive year-on-year housing starts data in the U.S. between March and May 2010.
DJ CME Lumber Review: September Slips But Most Others Gain
Trading Markets (press release)
A broker said better-than-expected housing starts in Canada during August reported early in the day might have been mildly supportive for lumber futures.
-There seems to be little support for OSB prices, other than 2-3 week order files at the mills. With the mill curtailments and shutdowns in effect, development of any tropical activity could cause a further surge in prices.
James Hardie: US Housing Market Hasn't Bottomed, But Close
NEW YORK (Dow Jones)--James Hardie Industries NV (JHX) Chief Executive Louis Gries said Monday he expects positive year-on-year housing starts data in the U.S. between March and May 2010.
DJ CME Lumber Review: September Slips But Most Others Gain
Trading Markets (press release)
A broker said better-than-expected housing starts in Canada during August reported early in the day might have been mildly supportive for lumber futures.
-There seems to be little support for OSB prices, other than 2-3 week order files at the mills. With the mill curtailments and shutdowns in effect, development of any tropical activity could cause a further surge in prices.
Wednesday, September 16, 2009
New Mortgage Applications and Residential Construction Rise, New Plywood Plants, Lumber Production Falls
The combination of New Mortgage Applications rising and Lumber Production falling makes for an interesting combination of underlying fundamentals.
Mortgage applications rise 17% -Random Lengths WoodWire
The Index of Mortgage Applications from the Mortgage Bankers Association increased 17% to a reading of 648 for the week ending September 4.
Western lumber production fell for third straight year -Random Lengths WoodWire
Lumber production at mills in the 12 western states declined for the third consecutive year in 2008
Perfecta Foret plans to open new plywood plants in Quebec
Moscow. Sep 09, 2009. /Lesprom Network/. Start-up company Perfecta Foret plans to open new five-ply glue-laminated plywood plants in two former lumber mills in Quebec. The company received $C1.2 million in loans from Canada's Regional Growth program to offset costs of refurbishing the former mills, which include Scierie L.B. in Lac-Bouchette and Scierie P.H. Lemay in Saint-Francois-de-Sales. The total investment is expected to reach $C5.7 million.
Construction spending down 0.2% in July; 3-4% further drop expected through Winter -Reed Construction Data
Offsetting the residential gains, the decline is accelerating in nonresidential markets.
Single family market expanding slowly; multifamily market shrinking rapidly -Reed Construction Data
Residential construction spending is forecast to jump 18% from the end of 2009 to the end of 2010.
Mortgage applications rise 17% -Random Lengths WoodWire
The Index of Mortgage Applications from the Mortgage Bankers Association increased 17% to a reading of 648 for the week ending September 4.
Western lumber production fell for third straight year -Random Lengths WoodWire
Lumber production at mills in the 12 western states declined for the third consecutive year in 2008
Perfecta Foret plans to open new plywood plants in Quebec
Moscow. Sep 09, 2009. /Lesprom Network/. Start-up company Perfecta Foret plans to open new five-ply glue-laminated plywood plants in two former lumber mills in Quebec. The company received $C1.2 million in loans from Canada's Regional Growth program to offset costs of refurbishing the former mills, which include Scierie L.B. in Lac-Bouchette and Scierie P.H. Lemay in Saint-Francois-de-Sales. The total investment is expected to reach $C5.7 million.
Construction spending down 0.2% in July; 3-4% further drop expected through Winter -Reed Construction Data
Offsetting the residential gains, the decline is accelerating in nonresidential markets.
Single family market expanding slowly; multifamily market shrinking rapidly -Reed Construction Data
Residential construction spending is forecast to jump 18% from the end of 2009 to the end of 2010.
Tuesday, September 15, 2009
Lumber Rises, Weyerhaeuser Reopens Mill, OSB Strong, EWP Panel Rebate
CME lumber end mostly up on short covering
(Reuters) - Lumber futures at the Chicago Mercantile Exchange closed mostly higher last Thursday amid light short covering with only limitless September down ahead of its expiration next week.
Mill reopens after August shutdown
As a result of these challenging market conditions, the Philadelphia facility underwent this extended downtime to balance supply with customer demand...
OSB manufacturers now pushing through second price increase
First Time Use Builder Rebate – AdvanTech® & ZIP System™ Products Build Green with Huber Engineered Wood Products and get money back as well!
(Reuters) - Lumber futures at the Chicago Mercantile Exchange closed mostly higher last Thursday amid light short covering with only limitless September down ahead of its expiration next week.
Mill reopens after August shutdown
As a result of these challenging market conditions, the Philadelphia facility underwent this extended downtime to balance supply with customer demand...
OSB manufacturers now pushing through second price increase
First Time Use Builder Rebate – AdvanTech® & ZIP System™ Products Build Green with Huber Engineered Wood Products and get money back as well!
Saturday, September 12, 2009
Tax Credit for New Home Buyers, 2010 Atlanta Recovery, Mortgage Applications Increase, Lumber Mixed
Buy now: The first-time buyers tax credit will expire soon, don't lose out on this once-in-a-lifetime event!
"The combination of near historically low interest rates, favorable pricing by builders, along with this tax credit, makes buying now the deal of the century,"
Economist: Atlanta's recovery will start next year
Atlanta is poised for an economic recovery starting in the second half of 2010
U.S. MBA Mortgage Applications Index Soared 17% Last Week
Mortgage applications in the U.S. jumped the most since March last week...
CME Lumber Review: Ends Mixed In Quiet Session
The September contract settled down $0.50 per 1,000 board feet at $175.00, while November was up $2.70, or 1.55%, at $177.10. January settled up $1.60 at $197.90
"The combination of near historically low interest rates, favorable pricing by builders, along with this tax credit, makes buying now the deal of the century,"
Economist: Atlanta's recovery will start next year
Atlanta is poised for an economic recovery starting in the second half of 2010
U.S. MBA Mortgage Applications Index Soared 17% Last Week
Mortgage applications in the U.S. jumped the most since March last week...
CME Lumber Review: Ends Mixed In Quiet Session
The September contract settled down $0.50 per 1,000 board feet at $175.00, while November was up $2.70, or 1.55%, at $177.10. January settled up $1.60 at $197.90
Friday, September 11, 2009
US West Coast Lumber and Log Exports Up, Atlanta Home Sales Report
West Coast's log, lumber exports increase in second quarter of 2009
By USDA Forest Service, Pacific Northwest Research Station
A total of 239.5 million board feet of softwood logs and 80.2 million board feet of softwood lumber was exported from Washington, Oregon, northern California, and Alaska in April, May, and June of this year, according to the U.S. Forest Service's Pacific Northwest Research Station.
Log exports for the second quarter of 2009 from Oregon and Washington totaled 189.5 million board feet, up 38.6 percent from the first quarter volume of 136.7 million board feet.
-As these exports increase, there will be less raw materials for domestic production of lumber, plywood, OSB, doors and windows. This could result in material shortages for lumber & building material producers, builidng material suppliers and builders.
Atlanta Home Sales Report
2007-2008 Home sales overview by county- Atlanta
Gwinnett 2008 10,467 units -31.30% from 2007.
By USDA Forest Service, Pacific Northwest Research Station
A total of 239.5 million board feet of softwood logs and 80.2 million board feet of softwood lumber was exported from Washington, Oregon, northern California, and Alaska in April, May, and June of this year, according to the U.S. Forest Service's Pacific Northwest Research Station.
Log exports for the second quarter of 2009 from Oregon and Washington totaled 189.5 million board feet, up 38.6 percent from the first quarter volume of 136.7 million board feet.
-As these exports increase, there will be less raw materials for domestic production of lumber, plywood, OSB, doors and windows. This could result in material shortages for lumber & building material producers, builidng material suppliers and builders.
Atlanta Home Sales Report
2007-2008 Home sales overview by county- Atlanta
Gwinnett 2008 10,467 units -31.30% from 2007.
Thursday, September 10, 2009
Great Summertime Lumber Projects - Decks, Pergolas and Gazebos
You can add value and enjoyment to your home! Imagine dining in your back-yard gazebo or relaxing on your new deck.
This is the perfect time to improve your outdoor living space with gazebo and pergola kits, composite decking and treated lumber from Cofer/Adams Building Center in Lawrenceville!
www.coferadams.com/pergolas-gazebos-and-decks-great-summertime-lumber-projects/
www.coferadams.net/treated_structures/
Wednesday, September 9, 2009
Atlanta BlueLinx adds LiteSteel beams in Georgia, Lumber and OSB
BlueLinx is Now Distributing LiteSteel Beam
ATLANTA -- BlueLinx Corporation has entered into an agreement with LiteSteel Technologies America, LLC to distribute its LiteSteel™ beam in 29 U.S. markets.
-BlueLinx is a major distributor of building supplies in the Athens -Atlanta, Georgia area, including lumber, OSB, plywood, engineered wood, wood molding and trim.
Lumber Dealers Finding Value in Value-Added OSB
Branded products now offer moisture resistance, taller sizes to increase wind resistance, radiant barrier backings, pre-markings, FSC and SFI certification, and more.
-Here at Cofer/Adams Building Center, Inc., we carry TechShield by LP, Zip Wall and Zip Roof by Huber for roof and wall sheathing. We also carry Weyerhaeuser's StructureWood Edge Gold and Huber's Advantech for engineered wood sub-floor use.
ATLANTA -- BlueLinx Corporation has entered into an agreement with LiteSteel Technologies America, LLC to distribute its LiteSteel™ beam in 29 U.S. markets.
-BlueLinx is a major distributor of building supplies in the Athens -Atlanta, Georgia area, including lumber, OSB, plywood, engineered wood, wood molding and trim.
Lumber Dealers Finding Value in Value-Added OSB
Branded products now offer moisture resistance, taller sizes to increase wind resistance, radiant barrier backings, pre-markings, FSC and SFI certification, and more.
-Here at Cofer/Adams Building Center, Inc., we carry TechShield by LP, Zip Wall and Zip Roof by Huber for roof and wall sheathing. We also carry Weyerhaeuser's StructureWood Edge Gold and Huber's Advantech for engineered wood sub-floor use.
Tuesday, September 8, 2009
July New Home Permits & Starts Commentary
The graph above shows the Seasonally Adjusted New Residential Construction & Sales data through July 2009. The lines represent Total Permits and Starts, Single Family Permits and Starts, Single Family Units Sold, Total Under Construction and Single Family Under Construction. The straight trend line represents a 50 year regression analysis of Single Family Starts. It is worth noting that there have been several construction downturns since 1959, and that we have surpassed levels that have triggered recovery in all of the past housing downturns.
If you look at Single Family Starts and Permits, we see that the inflection point probably occurred somewhere between January and March of 2009. It was only later in the spring that we saw a significant increase in the Atlanta – Athens area. Lumber, plywood, and OSB mills continue to curtail or shut down completely, even though lumber and Panel prices have risen above the lows that were at or below sustainable levels.
The quantity of Single Family Homes for Sale is the lowest it has been since April, 1993.
“The median sales price of new houses sold in July 2009 was $210,100; the average sales price was $269,200. The seasonally adjusted estimate of new houses for sale at the end of July was 271,000. This represents a supply of 7.5 months at the current sales rate.” Source: U.S. Census Bureau, NEW RESIDENTIAL SALES IN JULY 2009.
As the supply of new homes continues to drop, new homes will need to be built to replenish the supply. This will require new jobs to be added in the construction industry, which should help lower unemployment, and contribute to a new cycle of prosperity in our U.S. economy.
Capacity for single family residential construction has fallen as builders, building material product suppliers, and lumber and panel mills downsized or shutdown completely. This is good news for any lumber mill, lumber yard, building material supply, and builder left standing in the market.
Reid Adams
http://www.coferadams.com/
Cofer Adams Building Center, Inc. is a full service building material supply of structural and related building products for residential new construction in the Atlanta – Athens Georgia area. We provide prefabricated components, including floor trusses, roof trusses, and engineered wood; wood and vinyl windows; and pre-hung interior and exterior doors, as well as assemble and distributes interior and exterior door units. We also offer lumber and wood sheet goods comprising dimensional lumber, plywood, and oriented strand board products used in on-site house and commercial framing; millwork products, which consist of interior trim, exterior trim, columns, and posts; and other building products that include gypsum, roofing, and insulation.
Monday, September 7, 2009
Lumber Higher, Builders FirstSource Up
CME lumber ends higher on short-covering
Sept 3 (Reuters) - Chicago Mercantile Exchange lumber futures closed higher on Thursday amid short-covering that developed ahead of the long holiday weekend.
BLDR.Builders FirstSource, Inc.Ends the trading day up by 3.98%
Builders FirstSource, Inc. engages in the manufacture and supply of structural and related building products for residential new construction in the United States. The company provides prefabricated components, including floor trusses, roof trusses, wall panels, stairs, and engineered wood; aluminum and vinyl windows; and pre-hung interior and exterior doors, as well as assembles and distributes interior and exterior door units. It also offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products used in on-site house framing; millwork products, which consist of interior trim, exterior trim, columns, and posts; and other building products that include cabinets, gypsum, roofing, and insulation.
-Builders FirstSource is a builders supply that has several branches in the Atlanta - Athens Georgia area.
Visit www.coferadams.com for the latest lumber news.
Sept 3 (Reuters) - Chicago Mercantile Exchange lumber futures closed higher on Thursday amid short-covering that developed ahead of the long holiday weekend.
BLDR.Builders FirstSource, Inc.Ends the trading day up by 3.98%
Builders FirstSource, Inc. engages in the manufacture and supply of structural and related building products for residential new construction in the United States. The company provides prefabricated components, including floor trusses, roof trusses, wall panels, stairs, and engineered wood; aluminum and vinyl windows; and pre-hung interior and exterior doors, as well as assembles and distributes interior and exterior door units. It also offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products used in on-site house framing; millwork products, which consist of interior trim, exterior trim, columns, and posts; and other building products that include cabinets, gypsum, roofing, and insulation.
-Builders FirstSource is a builders supply that has several branches in the Atlanta - Athens Georgia area.
Visit www.coferadams.com for the latest lumber news.
Sunday, September 6, 2009
Signs of economic recovery growing locally
The good news is the bad news is getting better.
June retail sales in the Pensacola Bay Area turned in the fourth-best performance among Florida's 20 major metropolitan areas, slightly trailing only Fort Walton Beach, Panama City and Melbourne.
Although still down 2.3 percent over same month in 2008, June's $453 million in taxable retail sales was a $60 million improvement over April's figures, and $33 million better than in May.
University of West Florida economist Rick Harper said the strong showing by Pensacola and Panhandle cities is due in large part to its huge military payroll.
"The fact that Pensacola, Fort Walton and Panama City had among the least bad retail sales and unemployment numbers across the state, is consistent with the fact this region has one of the heaviest shares of government and military employees," Harper said.
*** When parts of Florida pick up, it is a good sign for neighboring states. It shouldn't be long before housing picks up and the demand for lumber, plywood, OSB and other building materials increase. This is good news for every building material supply and lumber yard left standing. Reid Adams www.coferadams.com
www.coferadams.net
June retail sales in the Pensacola Bay Area turned in the fourth-best performance among Florida's 20 major metropolitan areas, slightly trailing only Fort Walton Beach, Panama City and Melbourne.
Although still down 2.3 percent over same month in 2008, June's $453 million in taxable retail sales was a $60 million improvement over April's figures, and $33 million better than in May.
University of West Florida economist Rick Harper said the strong showing by Pensacola and Panhandle cities is due in large part to its huge military payroll.
"The fact that Pensacola, Fort Walton and Panama City had among the least bad retail sales and unemployment numbers across the state, is consistent with the fact this region has one of the heaviest shares of government and military employees," Harper said.
*** When parts of Florida pick up, it is a good sign for neighboring states. It shouldn't be long before housing picks up and the demand for lumber, plywood, OSB and other building materials increase. This is good news for every building material supply and lumber yard left standing. Reid Adams www.coferadams.com
www.coferadams.net
Tuesday, August 11, 2009
Saturday, July 11, 2009
Thursday, July 2, 2009
Tuesday, June 30, 2009
Home-Price Declines in 20 U.S. Cities Eased in April
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Wednesday, June 17, 2009
Wednesday, May 27, 2009
Tuesday, May 19, 2009
Friday, May 8, 2009
Thursday, April 23, 2009
Wednesday, April 22, 2009
Home Prices Drop 6.5% in February as Mortgage Rates Fuel Demand
April 22 (Bloomberg) -- U.S. home prices fell 6.5 percent in February from a year earlier, the second-smallest drop in six months...
We supply construction materials and lumber to the film industry
Tuesday, April 21, 2009
Wednesday, April 15, 2009
Friday, April 10, 2009
Tuesday, April 7, 2009
Friday, April 3, 2009
Thursday, April 2, 2009
Wednesday, April 1, 2009
Saturday, March 28, 2009
Pockets of strength push US housing market rebound
(Reuters) - The tide is turning in some parts of the long suffering U.S. housing market, with several regions, such as hard hit California, showing signs of life.
Friday, March 27, 2009
Monday, March 23, 2009
Saturday, March 21, 2009
Thursday, March 19, 2009
Monday, March 16, 2009
Saturday, March 14, 2009
Friday, March 13, 2009
Georgia House passes housing tax credit
Georgians who buy a single-family home would get a three-year tax credit under legislation that sailed through the House on Thursday. Lawmakers voted 162-4 to allow home purchasers to receive income-tax credits of up to $3,600, up to $1,200 for each of three years. To qualify, homeowners would have to apply for the credit within six months of the date the governor signs the bill.
Thursday, March 12, 2009
Wednesday, March 11, 2009
Saturday, March 7, 2009
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Friday, February 27, 2009
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Saturday, January 31, 2009
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Tuesday, January 27, 2009
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Saturday, January 17, 2009
Friday, January 16, 2009
Obama to Use Up to $100 Billion of TARP on Housing
President-elect Barack Obama will use up to $100 billion in financial-rescue funds to ease the mortgage-foreclosure crisis and will limit the money to the finance and housing industries
Wednesday, January 14, 2009
Saturday, January 10, 2009
Thursday, January 8, 2009
Sunday, January 4, 2009
Saturday, January 3, 2009
U.S. Mortgage Rates Fall to Lowest in Three Decades
The average rate on a 30-year fixed mortgage tumbled for a ninth straight week, to 5.10 percent from 5.14 percent a week earlier
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