Industry News

Why Housing Affordability Continues to Slide

Strengthening house prices and increased interest rates in metros across the country contributed to lower housing affordability in the third quarter.

Interest Rates Latest Marketing Tool for Builders

Builders are finding the new year is the perfect time to craft their marketing message around the benefits of buying a new home while interest rates are at near-record lows. 

Dec 10 Workshop to Address Labor Challenge

Register today for the next SBCA Annual Workshop, Regulatory Compliance: Winning this Workforce Challenge with SBCA Legal Counsel Kent Pagel on Tuesday, December 10.

FastenMaster Product Line Bolstered by Acquisition

OMG Inc, a manufacturer of fasteners and building products for commercial and residential construction applications, has acquired PAM Fastening Technology Inc., which it will integrate into its FastenMaster business.   

Ohio May Ban LEED in Public Construction

It's looking like Ohio, a state long recognized as a pivotal political battle ground in national elections, may soon ban the use of LEED in public construction. 

BMC Expands California Operations

BMC expanded its millwork operations in Northern California and the Central Valley with its acquisition of Sacramento-based Western Building Supply.

More Homebuilder Consolidation on the Way Soon

Clearly, what the jockeying and cross-checking for position suggests in markets that are relatively strong against a backdrop of lumpy, choppy, and iffy markets is that much is in play.

A Big 'Thank You!' to our Veterans

Veterans, everyone here at SBCA and SBC Magazine want to thank you for your military service and personal sacrifice.

Toll Brothers Purchases Shapell Housing for $1.6B

Toll Brothers, Inc., the nation's leading builder of luxury homes, and Shapell Industries, Inc.announced a purchase agreement under which Toll Brothers will acquire the home building business of Shapell in a stock acquisition for approximately $1.60 billion in cash.

New Report to Focus on Growth of Specialty OSB

Demand for OSB and plywood structural engineered wood panels in North America is expected to reach about 30 billion (3/8” basis) square feet in 2013 and grow to nearly 40 billion square feet by 2016. 

Should Rapid Apartment Development Cause Worry?

Apartment fundamentals continue to outperform all major property types, but the rapid increase in apartment development has many worried that even with robust demand, the sector could struggle to absorb increased new supply.

Wells Fargo Predicts More Modest Housing Gain in 2014

Wells Fargo now expects new home sales to rise 19 percent in 2013 to 440,000 units while starts of new single-family homes rise 20.5 percent to 645,000 units.

US Sheet Steel Price Increases Attact Importers

Steel sheet price increases from at least two U.S. mills has made some wary about the potential for larger volumes of imports in the first quarter, sources said.

2014's Top 100 New Home Metros

Sure, the overall state of the housing market matters, but for all builders, except the 10 or so who are quasi-national, local market conditions are far more important.

2 BC Mill Closures Predicted; More Closures to Follow

Recent B.C. Interior sawmill closures were anticipated, and still more mill closures can be expected as a result of the mountain pine beetle epidemic.

Report Predicts 26% Single-Family Increase for 2014

McGraw Hill's 2014 Dodge Construction Outlook report predicts that total U.S. construction starts for 2014 will rise 9% to $555.3 billion, higher than the 5% increase to $508 billion estimated for 2013.

What is the Biggest Threat to Multifamily's Momentum?

Top multifamily builder executives answer this question: What is the biggest threat to multifamily's momentum?

Beetle Kill Forces Canfor Mill Closure

Canfor Corp., will permanently close its sawmill in Quesnel in British Columbia’s Cariboo region due to lack of timber.

BC Timber Production Expected to Lag US Demand

Plans by West Fraser Timber Co. Ltd. and Canfor Corp. to close sawmills in the B.C. interior have raised concerns that lumber output in the region will lag demand driven by a rebound in the U.S. housing market.

Carter Lumber to Close 26 Locations

With a focus firmly set on long-term growth, Kent, Ohio-based Carter Lumber identified 26 mostly Midwestern locations for closing.

Tri Pointe Pays $2.7B to Become 20th Largest Homebuilder

Tri Pointe Homes Inc (TPH.N) is near a deal to buy Weyerhaeuser Co's (WY.N) homebuildingdivision for about $2.7 billion, which would make it one of the 20 largest homebuilders in the United States.

BFS Reports $26.4M 3Q Turnaround

Builders FirstSource (BFS) reported third quarter 2013 net income of $12.8 million, or $26.4 million improvement over the $13.6 million loss sustained in the third quarter of 2012.

Stock Posts 3Q Loss on Higher Sales

Stock Building Supply income statement returned to the red in the third quarter of 2013 with a net loss of nearly $3 million following the second quarter’s net profit $242 million.

Housing Recovery Downgraded by Fed

The Federal Open Market Committee downgraded its assessment of the housing recovery at its October meeting, noting that “the recovery in the housing sector slowed somewhat in recent months.” 

Dermer's Lifelong Commitment to Industry Awarded

The Structural Building Components Association (SBCA) named Jack Dermer its 2013 Hall of Fame inductee. The award honors an individual who has contributed significantly to the advancement of both SBCA and the component industry in a meaningful and beneficial manner.

Manenti Embodies Best of Industry Leadership

Tom Manenti, Chairman and Chief Executive Officer of MiTek Industries, Inc., received the 2013 SBC Industry Leadership Award. The award honors an individual who has helped nurture, support and grow the structural components industry.

Kannapell Recognized for His Dedication & Integrity

Joe Kannapell was named the winner of the 2013 Dick Bowman Industry Enthusiast Award. Kannapell was nominated by SBCA members and BCMC exhibitors for the award, 

Forget Student Housing, Focus on Senior Housing

While much of the talk about demographic demand-drivers centers on Gen Y, there's another population poised to reshape the multifamily landscape.

Simpson Sales up 13.8% on Higher Housing Starts

Simpson Manufacturing reported third-quarter net income of $20.0 million, compared with $13.0 million for the third quarter of 2012. 

Harvard Study Predicts Housing Slowdown in 2014

A report from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, issued last week, predicts a slowdown for the recovering home improvement market in mid-2014.