SBC Industry News
NAHB Economist Says COVID-19 has Benefited Housing
An important consequence of the COVID-19 crisis has been a shift in housing demand preferences, with home buyers and renters favoring lower-density suburbs and exurbs over the core of large metropolitan areas.
Selling Your Company? Drummond Says You Need a Broker
Our industry has been changing in a big way. Independents once dominated our industry, but now through mergers and acquisitions, that is no longer the case.
L&W Supply Acquires Merrimack Building Supply
L&W Supply Corporation, a leading distributor of top-quality building materials and specialty products in the United States, announced today that it has acquired the business of Merrimack Building Supply, a building materials distributor with locations in southern New England.
BFS and BMC Complete 550-Facility Merger
Builders FirstSource and BMC Stock Holdings have completed their all-stock super LBM merger.
Private Investment Firm Buys Weston Forest
Weston Forest, a leading distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, today announced it has been acquired by the Watermill Group, a strategy-driven private investment firm.
US LBM Acquires NC's Jennings Builders Supply
US LBM, a leading distributor of specialty building materials in the United States, has reached an agreement to acquire Jennings Builders Supply & Hardware, a building products dealer with four locations in western North Carolina.
Video: 84 Lumber Shares Capabilities of PA Component Plant
84 Lumber recently posted this YouTube video featuring their Coal Center, Pennsylvania, component manufacturing operations. General Manager Matt Pabis walks through the facilities capabilities, technology and geographic delivery region.
SBCA Bolsters Staff with Several New Hires
SBCA is pleased to announce it has hired several new direct employees to join executive director Jess Lohse in leading the organization into the future and supporting the association’s membership on a daily basis.
Iowa’s Gilcrest/Jewett Lumber Bought by US LBM
US LBM, a leading distributor of specialty building materials in the United States, has acquired Gilcrest/Jewett Lumber Company, a building products dealer and manufacturer with five locations in Iowa.
Top 10 Industry News Headlines of 2020
Review the most read articles from SBC Industry News in the past year.
Katerra Avoids Bankruptcy with $200M from Softbank
SoftBank Group Corp. has agreed to invest $200 million more to bail out Katerra, a construction startup that ran into financial problems as it tried to shake up the building industry.
Video: California TrusFrame Promotes Employees & Capabilities
California TrusFrame (CTF) recently completed the promotional video below highlighting their operations and attitude.
UFPI Expands Pallet Industry Presence Through Acquisition
UFP Industries today announced that its board of directors approved an agreement for UFP Industrial, LLC, to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million.
US LBM Buys NJ’s Tri-County Building Supplies
US LBM, a leading distributor of specialty building products in the United States, has acquired Tri-County Building Supplies, a building materials distributor in southern New Jersey.
Five Additional States Legalize Marijuana Use
One big winner on election day was a dramatic expansion of the legal use of marijuana, which was granted by the voters in five states.
Alpine’s Mike Martz Retires After 40-Year Industry Career
After working for over three decades with Alpine and four decades in the component manufacturing industry, Michael Martz has announced his retirement at the end of the year, December 31, 2020.
Zonda Projects 12.6% Increase in 2021 Single-Family Starts
Businesses in the home building industry are looking at their successes this year and wondering if they have just pulled demand forward, or if this year's strength will remain through 2021.
Advanced Purchase of New Homes Good Sign for Housing
The share of new homes sold in October that had not yet begun construction was higher than at any point since 2005 – a sign of both continued homebuilding and market health to come, and of builders’ savvy response to pandemic-influenced market factors.
Map: Average Square Footage of New Single-Family Homes
We previously reported a declining trend in new single-family home size that is likely to reverse during the post pandemic years.
US LBM Acquires New York’s Ridgefield Supply Company
Specialty building materials distributor US LBM acquired Connecticut dealer Ridgefield Supply Company.