New Home Building Insights with Louisiana Pacific's Chad Wold

Mar 8, 2021

46:04

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Joining Matt and Garrett on the podcast this week is Garrett's great friend since his junior year in high school, Chad Wold. Currently Louisiana Pacific's General Sales Manager for the entire West Region, Chad has 14 years of experience in the construction material industry and a vast amount of knowledge about supply chain issues and what exactly is going on in new home construction these days. Today, he gives listeners a behind the scenes glimpse of the impact that the pandemic has had upon so many aspects of new home constructions.

Chad begins by sharing what he is seeing in his industry these days, the causes and many effects of the pandemic, how home builders have responded to these challenges, and the rise in new home construction and material costs. With our hosts, he then explores the many factors that are involved in trying to predict the future of home building, 'catching up the supply', and the overall economic impact. Chad's unique insights provide a vast amount of information that so many in the general public just do not have, and today is your opportunity to learn all about them right along with Matt and Garrett.

Episode Highlights:

What Chad is seeing these days
The causes and effects of the supply shortage
How home builders responded to the shortage
Current new home construction and materials costs
The current and future impact upon home building businesses
Carrying costs
Catching up the supply
Multi-family vs. single family projects
Changes to mill production
The many factors involved in the future of home building
The impact upon employment in the industry
Exploring different building materials
Building codes

Quotes:

"COVID really had spurred a building boom – one that the industry was just not ready for."

"Production for the most part ceased."

"This is stuff that we've never seen before."

"The big builders are getting bigger…unfortunately, the smaller home builder is fighting for what's left in the market in terms of available materials."

"If you have a house that's finished, you're going to command the price."

"Is this something that's, you know, a bubble right now?"

"I see this thing continuing on…there's a need for housing out there."

"Multi-family projects have come to a grinding halt."

"They want to have their own space, largely because of the fears around COVID."

"All of a sudden, you're like, 'Stop taking new accounts'."

"Their livelihoods are based off of our ability to produce wood for them."

"How can we just go into, like, relationship maintenance mode?"

"I think cinder block would be something very sexy."

"This is getting really hard to figure out."

Links:

www.TheNinjaSellingPodcast.com