The Gores Group, the primary owner of Stock Building Supply, has bought the remaining shares of the LBM company from UK-based Wolseley for an undisclosed sum.
Builders FirstSource announced the opening of a new location in Riviera Beach (FL) to replace the company’s West Palm Beach location.
Boise Cascade’s Building Materials Distribution division has announced its expansion in Wayne, Mich., outside of Detroit, where it recently moved into larger facilities.
The New York Times' Catherine Rampell reports on the most important demographic issue in housing right now: the decline in household formations due to the profound economic challenges people face.
Nationally, 2011 will end sideways with marginal improvements in some metrics and marginal deterioration in others compared to 2010.
Builder confidence in the market for newly built, single-family homes rose by three points to 20, it's highest level since May 2010.
Buoyed by stabilizing home prices and sustained low interest rates, nationwide housing affordability during the third quarter of 2011 hovered near its highest level in the more than 20 years
Builders applauded Congress for reinstating for another two years the higher conforming loan limits for the Federal Housing Administration (FHA), noting that this is an important step to help mend the struggling housing market.