Industry News
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White Cap Acquires B&R Reinforcing
White Cap has finalized an agreement to acquire B&R Reinforcing, Inc., a Columbus, Ohio-based supplier of fabricated rebar and concrete accessories that serves the non-residential and infrastructure end markets....
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Woodgrain Expanding TimberTech Reach to New Mexico
The AZEK Company and Woodgrain, Inc. announced that Woodgrain’s distribution agreement with AZEK has expanded to include its Albuquerque location, which will provide TimberTech by AZEK decking and railing...
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Beacon Adds Roofers Mart of Southern California
Beacon announced the completion of the acquisition of Roofers Mart of Southern California, Inc. (Roofers Mart) in Walnut, California. Roofers Mart has been serving roofing contractors in Los Angeles...
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NAHB: Lot Values Are On The Rise
According to National Association of Home Builders (NAHB)’s research of Census Bureau Survey of Construction (SOC) data, lot values for single-family detached spec homes continued to grow, with national...
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Beacon Adding Extreme Metal Fabricators & Integrity Metals Acquisitions
Beacon has acquired Extreme Metal Fabricators, LLC, which has offices in Key Largo and Palm City, Florida, as well as Integrity Metals, LLC, which has locations in Gainesville and...
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ABC: Construction Backlog Up Slightly in June
According to an Associated Builders and Contractors (ABC) member survey performed between June 20 and July 3, the Construction Backlog Indicator climbed to 8.4 months in June. The reading...
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MBA: Increased Mortgage Activity in June
From May to June, the Market Composite Index, a measure of mortgage loan application volume derived from the Mortgage Bankers Association’s (MBA) weekly survey, rose by 8.2% on a...
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Existing Home Sales Drop Despite Record High Prices
Existing house sales decreased for the third consecutive month in May, owing to persistently high mortgage rates and record-high prices, according to the National Association of Realtors. Low resale...
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May Sees Housing Starts Retreat Amidst High Borrowing Costs
Single-family and multifamily housing starts declined in May, as high interest rates on construction and development loans, as well as rising mortgage rates, slowed housing supply and demand. According...
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High Mortgage Rates Cool Builder Confidence
Mortgage rates remain in the 7% level, and rising construction financing costs continue to dampen builder optimism. Builder confidence in the market for newly built single-family homes fell two...
