12/24/2023 0 Comments Trex tape anatomyAny unusual rise in the cost of lumber products sold by primary producers increases the cost of inventory and limits margins on fixed-priced lumber products. Rapid Lumber Market Swings & Supply Chain-Related Challenges Weigh on Margins: Historically, volatility in lumber prices has been a major concern for the wood industry. Although the residential market has started to gain momentum owing to the lack of existing homes for sale, macroeconomic uncertainties might dampen demand in the future. Presently, the outlook for the housing industry remains less favorable compared to the last couple of years due to several headwinds, such as a rapid increase in mortgage rates, housing affordability challenges, high inflation and growing concerns about the economy. housing market has been impacting demand. Also, the industry players have been focusing on operational excellence, comprising merchandising for value, harvest, and transportation efficiencies and boosting harvest to capture seasonal and short-term opportunities. Again, in a bid to reduce costs, companies have been reducing the cost structure of their facilities through Lean Six Sigma efforts, the sale or shutdown of underperforming units and manufacturing facilities, as well as investments in technology. Also, efforts to introduce products are likely to have helped the players. New products continue to be an important top-line driver for the industry players. Also, increased government spending on infrastructure projects bodes well.Īcquisitions, Product Innovation & Efficient Cost-Reduction Strategies: The companies also bank on acquisitions and divestitures to expand and improve portfolio quality. housing stock and a higher level of homeowner equity provide a favorable backdrop for repair-and-remodel spending for 2023. Although the slowing housing market and pandemic-related challenges are creating hurdles, the R&R market (considered one of the largest in terms of lumber demand) has been impressive. The industry’s prospects are highly correlated with the U.S. Spending on Carbon/ESG Projects, Repair & Remodeling: The industry participants are experiencing higher funding for carbon/ESG-related projects to pursue carbon capture and storage work. 4 Trends Shaping the Future of Building Products - Wood Industry The industry also includes timberland real estate investment trusts or REITs. The industry players are also involved in the manufacturing and distribution of wood and plastic composite products along with related accessories, mainly for residential decking and railing applications. Companies in the industry design, manufacture, source and sell flooring products like tile, wood, laminate, vinyl, and natural stone flooring products as well as decorative and installation accessories. The Zacks Building Products – Wood industry includes forest product companies and manufacturers of lumber as well as other wood products used in home construction, repair and remodeling along with the development of outdoor structures. ( TREX Quick Quote TREX - Free Report), and Boise Cascade Company ( BCC Quick Quote BCC - Free Report). Although soft demand from the residential market and a difficult macroeconomic and geopolitical environment has been hurting, the companies’ inorganic and prudent cost containment should support industry players like Weyerhaeuser Company ( WY Quick Quote WY - Free Report), Trex Company, Inc. Stairs and landings should be the final step in framing a deck.The companies under the Zacks Building Products – Wood industry are expected to benefit from higher demand across repair and remodel (R&R) activity and more funding for infrastructure and carbon/ESG-related projects. If your deck will change elevations, it makes sense that you should finish one section before starting the next. It is usually best to start against the house because the ledger board offers a stationary surface and length to pull measurements from and to attach joists to. Once pieces of the deck begin to materialize, it will give you a physical mass to attach to and square against. If you can highlight or number the individual forms on the plan, it may make it easier to select a place to start. Many builders take different approaches, but good planning will always result in a smoother building process. This in depth section will teach DIY builders to frame a deck, from installing a ledger board and frost footings to framing the perimeter of the deck.Įach deck design will naturally present its own order of assembly by which to proceed. The process of framing a deck includes creating connections between joists, beams and support posts in order to build a code compliant deck structure.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |