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.
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.
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.
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.
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.
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.
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.
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.