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 Industry Roundup |
Lumber
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Price of benchmark framing dimension lumber grade Western SPF 2x4 #2&Btr KD (RL) in week ended Dec. 16 flat compared with prior week, at US$390/mbf, down 59% year-over-year: Madison's
Madison’s Lumber Reporter (12/19)
Martco to invest US$9.5M to install technologically advanced equipment at RoyOMartin facility in Chopin, Louisiana, which manufactures plywood, timbers, boards; upgrades will add cutting-edge vision and robotics among other technological enhancements
Louisiana Economic Development Corp. (12/16)
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MDF, Particleboard & Non-Structural Panels
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Metrie announced the acquisition of the Hemlock and Alder manufacturing and distribution business of Fred Tebb & Sons, a solid wood moulding manufacturer and distributor in Oregon
Business Wire (12/19)
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Siding
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James Hardie's year-end homeowner survey reveals key drivers of renovation choices, from protection against severe weather to exterior style and color
PR Newswire (12/16)
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Joinery, Doors & Millwork
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Pella Corporation acquired Win-Dor, a vinyl window and door manufacturer located near Brea, California; acquisition deepened Pella's vinyl portfolio, with demand for vinyl multi-panel doors expected to grow as demand for home remodeling persists
Pella Corp. (12/19)
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Steel/Iron
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California Steel Industries to Build Galvanizing Line at Fontana Mill
Nucor Corp. (12/19)
Paying attention to completion of production chain, local workforce selection, reduction of pollutants, fulfilling social responsibilities, using wastewater in Ghaenat Steel Complex
Iranian Government News (12/16)
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Home/Residential Furniture
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High point furniture and bedding sales in the US top US$123.9B in 2022, up 2.9% from 2021, according to industry estimates; outlook for next five years is for furniture and bedding sales to grow at rate of 18.8% a year, topping out at more than US$147.2B
Furniture Today (12/19)
Big Lots is exploring multiple options to fill in product gaps created when United Furniture Industries closed in November, per SEC filing; UFI made up about 7% of Big Lots' merchandise purchases year-to-date in 2022
Furniture Today (12/16)
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Building Products & Wood
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Owens Corning earned place on the Dow Jones Sustainability World Index and the Dow Jones Sustainability North America Index for the 13th and 5th consecutive year, respectively
ENP Newswire (12/19)
Trex encouraging Americans to bring plastic waste from holiday packages to its recycling partner locations to be upcycled into outdoor living products; company partners with grocery store chains, major retailers, schools to easily dispose of plastic waste
Trex Co. Inc. (12/19)
Edgetech welcomes new Marketing Assistant
Edgetech (12/19)
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Homebuilding
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Residential Construction & Real Estate
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Bank of America CEO says there could be two more years of pain in housing market before things cool off and homes become more available and affordable, citing sky-high mortgage rates, especially for first-time buyers with more limited financial resources
The Motley Fool (12/19)
US home sales in November decreased 12.0% month-over-month, median home price down 1.3% to US$394,000; for-sale home inventory fell 5.9% from October, up 48.7% year-over-year: Re/Max
Re/Max LLC (12/19)
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Multifamily Real Estate
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KB Home announces the grand opening of The Terraces, a new townhome community in Lemon Grove, California; floor plans feature four bedrooms and three-and-a-half baths, and range in size from approximately 1,200 to 1,700 sq. ft.
Business Wire (12/16)
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Homebuilding
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Toll Brothers opens sales center and model homes at Solstice at Wellen Park, a new gated community in Venice, Florida; homes feature open concept floor plans from 1,528 to 3,400+ square feet, one- or two-stories, 2-6 bedrooms
GlobeNewswire (12/16)
KB Home opens Nighthawk, a new neighborhood in Summerlin West in the district of Kestrel Commons in Nevada, with six distinctive floor plans; each home features a two-story elevation, and neighborhood will have its own private park
Las Vegas Review-Journal (12/16)
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Housing Affordability
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John Burns Consulting: Positive new home sales news heading into 2023 include FHA and GSE raising loan limits, which will benefit builders as they grapple with slow new home demand, homebuyer affordability issues amid 6%+ mortgage rates and high inflation
John Burns Real Estate Consulting LLC (12/16)
Zillow predicts rents will fall in 2023, builders will put new focus on rental properties; affordability will be biggest factor in housing next year, and more people may pool funds together to purchase a home with family or a friend who isn't their spouse
WGHP-TV (12/16)
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New Homes
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Toll Brothers announces plans for its future amenity center at Regency at Santa Rita Ranch, a new 55+ active-adult luxury home community in Liberty Hill, Texas; Regency at Santa Rita Ranch is located within its Santa Rita Ranch master-planned community
GlobeNewswire (12/16)
LGI Homes now selling a new section of homes at its highly sought-after Second Creek Farm community in the Denver market; new section will include 240 new-construction homes, varying from three to five bedrooms
KB Home (12/16)
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Construction/Real Estate
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Commercial Construction & Real Estate
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Tesla to reportedly announce construction of new EV plant in Nuevo Leon, Mexico, next week; proposed plant may join existing automotive manufacturing plants operated by GM, Kia in ‘automotive corridor’ in the state: Bloomberg News
CE Noticias Financieras (Latin America) (12/19)
Maine's Land Use Planning Commission approves new zoning plan to protect Moosehead Lake region from sprawling development; Weyerhaeuser in late 2019 asked state to terminate rezoning plan related to controversial development proposed in 2009 by Plum Creek
Portland Press Herald (12/16)
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Industrial Construction/Real Estate
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BNSF invites Willmar Industrial Park to become its second certified site in Minnesota for development with minimal risk; certification program supports company's aim of developing business parks and or rail-served locations along its network
West Central Tribune (Willmar, MN) (12/19)
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Construction & Engineering
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Bain: European construction sector could reach 50% circularity by 2040, including recycling and content use, from 30% today; 50% circular construction industry would halve sector's GHG emissions, see total materials use drop 8% to 590 million tonnes/year
Bain & Co. Inc. (12/19)
US construction employment climbed in 38 states from October to November, down in eight states, flat in four states; Florida added the most construction jobs over the month: AGC of America
The Associated General Contractors of America (AGC of America) (12/16)
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Mortgages/Home Financing
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Cost of new US mortgage dropped 4.8% in November as mortgage rates dipped; declining home values, lower mortgage rates brought the typical monthly mortgage payment down by about US$100: Zillow
Zillow Group Inc. (12/16)
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Interest Rates
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Fannie Mae full-year 2022, 2023 real GDP growth forecast at 0.4%, -0.5%, respectively; current rate of personal consumption growth unsustainable given combination of low personal saving rate, elevated ratio of consumer debt to personal disposable income
Federal National Mortgage Association (Fannie Mae) (12/19)
Harvard economist warns Fed may have to keep interest rates higher for a while to crush inflation, likely pulling down asset prices, sparking job losses and shrinking the economy, making a recession a near certainty
Business Insider (12/16)
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Stock
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Latest: Dec, 19 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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Bluelinx (BXC)
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68.81
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69.93
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-1.60%
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-14.28%
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Boise Cascade Co. (BCC)
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70.96
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70.94
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0.02%
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10.37%
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Builders Firstsource (BLDR)
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65.76
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67.54
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-2.64%
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-14.41%
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Canfor Corp. (CFP.CA)
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21.34
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22.23
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-4.00%
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-27.78%
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Home Depot (HD)
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316.97
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323.34
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-1.97%
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-18.30%
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Interfor (IFP.CA)
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21.17
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22.33
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-5.19%
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-39.72%
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Lousiana Pacific (LPX)
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60.40
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61.85
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-2.34%
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-19.16%
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Lowes Companies (LOW)
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202.75
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206.14
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-1.64%
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-18.28%
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Lumber Liquidators (LL)
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6.05
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6.08
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-0.58%
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-63.14%
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Owens Corning (OC)
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87.57
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91.13
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-3.91%
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0.63%
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Saint-Gobain SA (SGO) :EPA
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44.61
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45.24
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-1.38%
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-24.13%
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Trex (TREX)
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41.96
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43.81
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-4.22%
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-67.37%
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West Fraser Timber (WFG)
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71.68
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72.20
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-0.72%
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-17.89%
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West Fraser Timber (WFG.CA)
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97.83
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98.42
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-0.60%
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-13.18%
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Weyerhaeuser (WY)
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30.82
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31.30
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-1.53%
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-22.25%
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Wood & Building Products
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