Economic

BMC Stock Holdings, Inc., one of the leading providers of diversified building products, services and innovative solutions in the U.S. residential construction market, today announced its financial results for the third quarter ended September 30, 2018.

Every year since 1960, when Congress and President John F. Kennedy designated every third week in October as National Forest Product Week, Americans recognize the economic value and numerous products and recreational benefits that stem from the forests in the U.S.

The cost index for ‘goods inputs into construction’ is now racing ahead at its fastest rate since September 2008’s +12.4%. But that elevated rate of +12.4% a decade ago resulted from an artificial boom in homebuilding that was fueled by faulty subprime mortgage lending.

Although builders are slowly catching up with demand, they continue to lag behind, yet are making record profits. Presumably component manufacturers should be too.