Industry News

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.

Weyerhaeuser Deal Averages $100K per Lot

A person familiar with TRI Pointe Homes' and Barry Sternlicht-led Starwood Capital negotiations to pay an average of around $100,000 per lot for the Weyerhaeuser portfolio of five home building operations, with 27,000 lots said last night, "I think it's going to get done."

Top 5 Cities Where Homes Becoming Unaffordable Quickly

Home price gains are outpacing the rate at which income is rising. While that was often the case during the housing bubble, it was a lot easier to get a mortgage with little or no cash down. 

Cold-Rolled US Sheet Steel Prices Will Continue to Rise

Mill discipline appears to be pushing flat-rolled steel pricing up in the US, though at least some market sources said Tuesday they fear that a late-year run-up could invite a glut of imports in the first quarter.

Navigating Penalty Quirks of Obamacare Essential

As employers plan for the January 1, 2015 deadline for PPACA compliance, their primary focus is generally aimed at avoiding penalties; employers should keep in mind a couple of quirks about calculating the penalties. 

OSHA's Big 5 for Inspections

A safety industry expert lists the five issues OSHA will be focusing its general industry enforcement efforts on for the balance of 2013.

West Fraser Announces Beetle Kill Plan & Mill Closure

West Fraser announced a comprehensive Mountain Pine Beetle Plan to address the effects of the mountain pine beetle infestation in the interior of British Columbia.

TX Engineers Must Complete Criminal Background Checks

In the state of Texas, there is a new requirement that all engineers who renew an active professional engineering license, and all new applicants for licensure in the state, complete a one-time Criminal History Record Check. 

Top 5 Housing Cities for 2014

From Livability's top 5 housing cities, Builder re-ordered the cities by highest average listing price for 3-bedroom single-family homes compared to the 2012 median salary for the state.

UFPI Rides Double-Digit Growth in 3Q

Universal Forest Products Inc. reported impressive financial results for the third quarter 2013. 

LP Building Products Introduces New I-Joist Product

LP Building Products has released the new LP SolidStart LPI 530 I-Joist in the West Coast region.

Boise Cascade Rides Strong Building Material 3Q Sales

Boise, Idaho-based Boise Cascade Co. reported third-quarter sales of $878.0 million, up 15% from the same quarter a year ago.

Multifamily Handily Outpaces Single-Family

Multifamily construction remained stronger than single-family construction across the majority of districts in the Federal Reserve’s latest Beige Book.

Online Resource Makes Navigating Local Tax Code Easy

Ever struggle with verifying and understanding the complete breakdown of county, city and state taxes?  

AD Martin Truss Supplies WY for Over 30 Years

With more than 30 years of experience, A.D. Martin Truss is the preferred source for quality custom engineered trusses.

National Framers Council of SBCA Establishes Primary Goals

On the heels of BCMC, over 50 representatives from across the construction industry packed a meeting room in San Antonio, TX to discuss the business plan of the National Framers Council (NFC) of SBCA for the remainder of 2013 and 2014.

Truss Design Drawing Notes Address Unreliable Lumber Design Values

SBCA has created a series of truss design drawing notes that should be reviewed and considered for use as appropriate.

SBCA Approves Design Value Policy

At the SBCA Open Quarterly Meeting (OQM) in Chicago, IL on August 1, 2013, the Board of Directors approved a raw material's design value policy.

Random Lengths says, 'Logs Available Don't Yield Much MSR'

In addition to Dan Holland's thoughts, there is a golden nugget of critical information in the October 4, 2013, Random Lengths article that many readers may have missed.

Overstated Lumber and OSB Design Values Create a Code-Compliance-Based Market Advantage

On September 23, SBCA sent a letter (to APA and AWC) regarding SBCA/SBCRI fundamental unit shear capacity equivalency benchmarking and SBCA/SBCRI findings regarding wood structural panel unit shear capacities from SBCRI testing.