RedBuilt, a US-based supplier of engineered lumber products, has signed an agreement to acquire assets of rival Standard Structures Inc (SSI) that include equipment, raw materials inventory and intellectual property.
Two more units of Lyman Lumber, the No. 21 company on this year's ProSales 100, are in the process of shutting down as a consequence of Lyman's Chapter 11 bankruptcy,
Chairman of the Federal Reserve Ben Bernanke today gave a speech outlining near-term and long-term prospects and policy considerations concerning the nation’s economy. While Bernanke noted some positive developments have occurred in the two years since NBER’s end-date for the Great Recession, he also detailed economic disappointments that are a source of ongoing concern for any small business owner or stakeholder in the housing market.
New home sales fell for the 4th straight month to a seasonally adjusted annual rate of 298,000 in July 2011. Assuming this trend continues, new home sales are on track to finish this year as the worst on records dating back 50 years.
Five years into a housing meltdown, questions are arising about how long some publicly held home builders can survive without significant improvement in the market.