Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability. Builder confidence in the market for newly built single-family homes moved two points lower to 77 in April, according to the National Association of Home Builders (“NAHB”)/Wells Fargo Housing Market […]
Blue Book Members: Track Your Key Accounts
Tracking key accounts is an important feature of Blue Book Online Services (“BBOS”) using BBOS “Watchdog” groups. What is a Watchdog Group? The Watchdog feature allows you to develop your own custom lists of companies. All your Watchdog Groups are available by choosing Watchdog Groups & Alerts from the Resources side menu or from the member […]
Do it Best Announces Re-envisioned Spring Market Experience
After another successful spring market, Do it Best is moving forward with a redesigned approach for its 2023 spring market that brings together the best of the online and in-person market experiences in a new way. “Over the last two years, we’ve had a lot of opportunities to talk with our members and vendors about […]
Ware-Butler Building Supply Continues to Grow in 2022
Ware-Butler Building Supply and its parent company, Pleasant River Lumber, are about to finalize two more acquisitions, bringing their Maine-based retail locations up to fourteen. They completed the acquisition of Twin Rivers Building Supply in Dixfield on April 1st and are scheduled to complete the acquisition of Morrell’s Hardware in Greenville on April 29th. These […]
Building Gurus: Company Wide Marketing Mindset = Success and Growth
It’s a generally accepted fact that marketing can make or break a business. We’ve all marveled at the millions spent on Super Bowl ads or full page ads in major newspapers or trade journals. The simple fact is, when it is done right it yields huge rewards. But, marketing is also one of the first […]
Weyerhaeuser to Acquire Timberlands in North and South Carolina
Weyerhaeuser Company announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million. The acquisition is comprised of highly productive timberlands situated in strong coastal markets and strategically located to deliver immediate synergies with existing Weyerhaeuser timber and mill operations. […]
NAHB: Building Materials Prices Start 2022 with 8% Increase
According to the latest Producer Price Index (“PPI”) report released by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 1.4% in March, following an upwardly revised increase of 2.2% in February and 4.1% in January. This adds up to an 8% jump in building materials prices since […]
Sinclar Announces Temporary Manufacturing Reduction at Lumber Operations
Sinclar Group Forest Products Ltd. announced it will temporarily reduce manufacturing output at its sawmill operations in Vanderhoof, Fort St. James and Prince George. Beginning April 25, 2022, all three operations will move from a five-day to a four-day work week. Sinclar will continue to monitor the situation and adjust accordingly. “We’ve held off making […]
A New Look for Tum-A-Lum Lumber, Pendleton Grand Opening
Ninety-six years. That is how long the Tum-A-Lum Lumber Pendleton store had been serving the community from the same historic building and lumber yard. On February 7th, 2022, after much planning and with great anticipation, Tum-A-Lum Lumber opened the doors to its new and modern store, with unique design features focused on an inspirational shopping […]
Goodfellow Reports Its Results for the First Quarter 2022
Goodfellow Inc. (the “Company” or “Goodfellow”) announced today its financial results for the first quarter ended February 28, 2022. The Company reported net earnings of $5.1 million or $0.60 per share compared to net earnings of $3.8 million or $0.44 per share a year ago. Consolidated sales for the three months ended February 28, 2022 […]