What does the future hold for the residential construction industry in New England? Noted analyst Greg Brooks recently presented his forecast for new housing supply and demand at an event hosted by Jackson Lumber & Millwork.

Brooks detailed a positive outlook for the future. Housing permits are up in the region and although lending is still tight, banks are healthy again. With oil and gas production up, productivity up, and an historically low level of consumer debt, Brooks believes that new housing starts will drive the economy to its next boom.

He encouraged contractors to plan for the future where affordability and quality will be the key concerns of new home buyers. Brooks suggested that contractors embrace new technology and form close partnerships with their suppliers in order to work as efficiently as possible.

Jackson Lumber & Millwork president, Mark Torrisi, remarked that in addition to providing the best quality products and customer service, the company is committed to incorporating the latest technology and communications, and developing a new series of training seminars for contractor licensing credits.

President of the Building Supply Channel, Inc. (BSCI), Greg Brooks is the former editor of ProSales magazine and current editor of This Month in Construction Supply. He is author of Remodeling Project Selling Guide and the Scope of the Lumber & Building Materials Industry 2011, co-author of Building Material Product Knowledge, and a steering committee member at the Harvard University Joint Center for Housing Studies.