Mark recently sat down with Gwen Auwerda, the executive director of Holland’s ‘Tulip Time Festival.’ The pair discussed everything from the history of the festival to dutch dancing.
Zeeland Lumber & Supply is proud to be a ‘Zilver Sponsor’ for this year’s Tulip Time Festival. We could not think of a better way to share our excitement then by offering bleacher tickets to this year’s GMB Muziekparade.
The market reports from last week show us “spring” hasn’t quite ‘sprung” yet even though many of the frost laws are coming off. Poor weather across much of the country coupled with poor economic news flattened the market a little last week. Most dimensional lumber had a slight pullback while OSB and studs remained flat.
Lumber and OSB pricing is still trending roughly 50% higher than it did a year ago. Mill order files were slow last week and production in some areas have finally started to outpace demand indicating there may be some temporary relief. Many federal reports also indicated some negative economic news such as:
- News resulting from the payroll tax hike
- The retail sales report
- The consumer sentiment report
- The business survey report
- The producer price index
What this all means is we will be watching the market closely this week and picking a few strategic inventory battles.Regardless of the poor economic news we received last week any pullbacks only look to be temporary. We can’t forget housing starts are still trending well below the historic demand.
Have a great rest of your week, everyone.
It’s been a busy, but fun, month here at Zeeland Lumber & Supply. Home prices continue to rebound and new home starts show further improvement. Here are the links we shared this month. We hope you enjoy them as much as we did.
Improving home prices from CNNMoney.
Grand Rapids was named an emerging downtown from Forbes Magazine.
Mark talked about kitchen cabinets with Pam Kars on the ‘At Home Show.’
What are the key concerns to home buyers from the National Association of Home Builders.
Our friends from James Hardie shared their seven tips for exterior home design.
And last, but certainly not least, we let our hair down with our own version of the “Harlem Shake.”
Michigan is quickly becoming a ‘poster child’ for the Nation’s economic recovery. This is evident in the recent Forbes.com article, ’15 U.S. Cities Emerging Downtowns.’ Grand Rapids, MI and Detroit, MI are listed as cities whose downtown areas are seeing a strong revival after the ‘Great Recession.’ Grand Rapids is able to boast the Van Andel arena, the ‘Medical Mile’ and a downtown Marketplace that is scheduled to open later this summer. Our neighbor to the east, Detroit, is quickly becoming a destination for young professionals looking to work for companies like Quicken Loans, Blue Cross and Blue Shield and Compuware.
This downtown revival, I believe, has made an impact on our housing industry in and around these metropolitan hubs. It’s no secret that Ottawa County, Michigan (which neighbors Grand Rapids) has seen a strong uptick in new home construction and home purchases. As people look to spend more time in downtown areas like Grand Rapids and Detroit it becomes clear that these same people are looking to surrounding communities to raise their families and establish roots. I believe that low interest rates coupled with a vibrant downtown will help fuel home starts in outlying communities.
We have been blessed to have a strong first quarter of 2013 and it would not be possible without the dedication of everyone here at Zeeland Lumber and Supply and the support of our clients. Thank you for giving us the opportunity to serve you and thank you for trusting us with your projects.