Wooden Houses

The latest North American housing market data indicates no stop to relentlessly rising softwood lumber prices any time soon. Currently, sawmills in Canada and the US simply can not keep up with ongoing very strong demand for house construction in both countries.

The California Building Standards Commission grouped the tall wood code change proposals into one agenda item and passed them unanimously. The commission agreed that early adoption of mass timber will have many benefits for the state. California will codify and publish the tall wood code provisions into the 2019 CBC in...

BlueLinx Holdings Inc. has completed a sale-leaseback transaction for its owned distribution facility in Denver, Colorado, for net cash proceeds of $10.6 million. The transaction closed on August 14, 2020, and as a part of the transaction, the сompany entered into a lease agreement for the property with multiple renewa...

Softwood lumber prices just kept climbing last week as Canadian housing starts and home prices for July broke records. US housing starts this week were no different; new home building in the US increased +23% in July - the biggest gain since October 2016 - to a seasonally adjusted annual rate of 1.496 million units.

Trex Company's consolidated net sales for 2Q 2020 were $221 million, 7% ahead of the comparable period in 2019. Net sales for the first half of 2020 were $421 million, 9% above the $386 million reported for the comparable period in 2019.

Composite Technology International (CTI) has announced that Todd Stemler has been named CFO replacing Rande Willison, who previously held this role with the company. This role will be managed from their Sacramento headquarters.

US LBM Holdings, LLC has acquired Maner Builders Supply, a multifaceted building products dealer that operates locations in Augusta, Georgia and Aiken and Charleston, South Carolina. With this acquisition, US LBM now operates 22 locations across the Carolinas and in Georgia.

Builders FirstSource's 2Q 2020 net sales were $1.9 billion, a 2.2% increase compared to a year ago. 2Q 2020 net income was $78.9 million, or $0.67 per diluted share, compared to $66.6 million, or $0.57 per diluted share, in the same period a year ago.

Trex Company, Inc. appoints Laura Rygielski Preston as president of Trex Commercial Products, Inc. Rygielski Preston takes over management of the company’s commercially focused subsidiary, which includes two Minneapolis-based businesses – Trex Commercial Products, a national leader in architectural railing systems, and...

Goodfellow Inc. reported 2Q 2020 net income of $3.4 million or $0.40 per share compared to a net income of $1.9 million or $0.22 per share a year ago. Consolidated sales were $103.8 million compared to $123.7 million last year.