US LBM, a Buffalo Grove, Ill.-based lumber and material dealer, filed a financial report August 10th for the first six months of 2018. In it, they highlight the $13.1 million second quarter net profit compared to the previous year, as well as a 10.1% increase in revenue to $885 million.
Atlanta-based U.S. Lumber is set to acquire Alexandria Moulding, a Canadian-based company and one of the largest companies in North America providing molding and other products to LBM dealers.
Nine months after a fire destroyed Tolko’s Lakeview Division sawmill in Williams Lake the company said it hopes to resume full production by February 2019.
Builder confidence in the market for newly-built single-family homes edged down one point to a solid 67 reading in August on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
At a cabinet meeting with President Trump last week, U.S. Secretary of the Interior Ryan Zinke provided an update on the wildfires occurring in the west (particularly California) and provided his insight into the issues that have contributed to the widespread nature of these fires.
The U.S. Treasury on Wednesday proposed tax regulations for a new 20 percent income tax deduction for owners of businesses organized as pass-through entities, including rules to prevent the measure from becoming a tax loophole for wealthy Americans.
On the heels of record cost increases for North American softwood lumber (and a recent precipitous drop downward), we’ve been sharing a number of perspectives regarding the importance of recouping lost margins.