Posts by gstaff_communications@sabuilders.com
Lumber Prices on the Rise – Again
Lumber Prices on the Rise – Again After drifting lower from mid-September to mid-November, lumber prices are on the rise again. Prices peaked at an all-time high of roughly $950 per thousand board feet in September before gradually moving down to around $550 per thousand board feet last month. However, prices have been moving upward…
Read MoreCommerce Department Cuts Lumber Tariffs from 20% to 9%
Commerce Department Cuts Lumber Tariffs from 20% to 9% With lumber prices experiencing extreme price volatility this year and harming housing affordability, a final determination of the first administrative review by the U.S. Commerce Department to reduce duties on shipments of Canadian lumber into the United States by more than half is good news for…
Read MoreIRS Says Businesses with Forgiven PPP Loans Cannot Deduct Expenses
IRS Says Businesses with Forgiven PPP Loans Cannot Deduct Expenses Businesses that get their Paycheck Protection Program (PPP) loans forgiven will not qualify for some valuable deductions, according to IRS guidance that reiterates its position taken in April. In addition, companies that have “a reasonable expectation that the government won’t require them to pay back…
Read MoreIBSx Registration Now Open
IBSx Registration Now Open Virtual event to be held online February 9-12, 2021 While the 2021 NAHB International Builders’ Show® (IBS) has indeed transitioned to a virtual event, the incredible and exclusive IBS opportunities that attendees have come to expect from the in-person event, will still exist and even expand to connect the home building…
Read MoreHome Construction Must Increase to Keep Up with Sales
Home Construction Must Increase to Keep Up with Sales NAHB Chief Economist Robert Dietz recently provided the following economic and housing industry overview in his bi-weekly e-newsletter Eye on the Economy: The decline, rebound and growth of home construction in 2020 has been dramatic. After a significant decline in the spring, home building has seen…
Read MoreWorking Closely with NAHB, Nearly 100 Lawmakers Urge Trump to Act on Lumber
Working Closely with NAHB, Nearly 100 Lawmakers Urge Trump to Act on Lumber Working in tandem with NAHB, nearly 100 Republican and Democratic lawmakers on Oct. 20 sent a letter to President Trump seeking urgent action on lumber supply shortages that have resulted in unprecedented price spikes in recent months that are threatening the housing…
Read MoreSAWS Standard Specifications for Construction Update
SAWS seeking stakeholder input on Standard Specifications for Construction As part of San Antonio Water System’s effort for continual improvement, SAWS is currently in the process of revising their Standard Specifications for Construction. They have asked for input from key stake holders. We have included a link to the revised specifications below. The link will…
Read MoreSan Antonio Development Services Department Lobby Back Open
San Antonio Development Services Department Lobby Back Open Limited capacity for now. Only 30 people allowed at a time. As of today, October 19th, DSD has opened their lobby with limited capacity. There are only 30 customers allowed in the lobby at one time. Temperature checks are required now to enter the lobby. You must…
Read MoreSoftwood Lumber Prices Surge a Record 29% in September
Softwood Lumber Prices Surge a Record 29% in September — Building Materials Up 4.4% in 2020 Prices paid for goods used in residential construction climbed 1.8% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index for inputs to residential construction, goods less…
Read MoreSharp Decline in Real GDP in All States: 2Q20
Sharp Decline in Real GDP in All States: 2Q20 Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the second quarter of 2020 compared to the previous quarter, as a result of reflecting “stay-at-home” orders across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the…
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