Industry News

- Industry News

Responding to the Commerce Department's September housing starts data -- up 15% from August -- the National Association of Home Builders (NAHB) said tight lending conditions continue to depress the market.

- Industry News

Lowe's Companies, Inc. announced the company is closing 20 underperforming stores in 15 states

- Industry News

ProBuild, America's biggest full-service pro LBM company, said today it plans by mid-November to close 12 of its locations, 10 of which haven't been reported previously.

- Industry News

Profits in Stanley Black and Decker's construction and do-it-yourself (CDIY) segment rose 7% during the third quarter, compared with the same period a year ago, to $169.9 million.

- Industry News

Temple-Inland's net income plummeted 95% during the third quarter, compared with the same period last year, to $6 million, despite a 1% increase in net sales to $974 million.

- Industry News

Leading US timber products supplier Universal Forest Products has doubled its net earnings in the third quarter to US$5.6m (2010: US$2.6m).

- Industry News

At the ALSC meeting yesterday (Oct 20), a strong coalition made up of representatives from SBCA, NAHB, NAHB’s Building System Council, the Leading Builders of America, ABC, TPI and NLBMDA provided testimony discussing the potential ramifications of the proposed changes to Southern Pine Lumber design values and provided a wide variety of thoughts and perspectives.

- Industry News

The American Lumber Standards Committee (ALSC) Board of Review announced in an email memo it would be delaying its decision regarding Southern Pine design values in order to hold an additional hearing in approximately 60 days.

- Industry News

While some parts of Florida have experienced modest improvement, there are still many areas that continue to struggle with the aftermath of the housing boom

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