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CraftMaster Homes acquired by Berkshire Hathaway affiliate

CraftMaster Homes acquired by Berkshire Hathaway affiliate
richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.

Villas at Swift Creek to offer 194 homes for 55-and-up demographic

Villas at Swift Creek to offer 194 homes for 55-and-up demographic
richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.

We hear a lot about the need for workers : Virginia unemployment declined in April, but the labor force also dropped overall

By JOHN REID BLACKWELL Richmond Times-Dispatch Virginia’s unemployment rate continues to drop as the COVID-19 pandemic slowly recedes, but the job market still has some major issues along with an overall economy that is in flux. While the number of people who were reported as employed in Virginia jumped by more than 4,600 in April, the state’s labor force also decreased by 12,422 to 4,225,614. The overall outlook from Virginia’s April jobs report was “somewhat downbeat,” said Joseph Mengedoth, a regional economist for the Federal Reserve Bank of Richmond. Virginia’s unemployment rate stood at 4.7% in April, down 0.4% from March. That was well below the national jobless rate of 6.1%.

It s been crazy: Pandemic has sent lumber prices soaring, causing home construction costs to rise amid strong demand

From its large lumberyard in eastern Henrico County, the Ruffin & Payne Lumber Co. ships out building products to construction projects around the Richmond region. With 40 years of experience in the lumber industry, company President George E. Haw says he hasn’t experienced anything quite like what has happened this year with lumber prices, as the COVID-19 pandemic has played havoc with them almost all of 2020. “It’s been crazy,” Haw said. “I’ve been around a long time, and I have never seen a lumber market behave like this in 40 years.” On a recent ride around the lumber yard, his son, George W. Haw, the company’s vice president and director of purchasing, pointed out some of the varieties of lumber stacked around the operation and how prices have been affected. That includes some of the most common types of lumber used in home construction — southern yellow pine, which is often used in house framing, and spruce fir pine.

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