Hardwoods Distribution Inc. has received a commitment letter from its existing lender Bank of America, N.A. for a new senior secured credit facility of up to $525 million.
With US builders grappling with record-high lumber prices and supply shortages over the past year, why are so few willing to switch away from traditional wood framing methods?
US LBM has completed the acquisition of American Construction Source from Angeles Equity Partners and Clearlake Capital Group. US LBM has now made four acquisitions in July, also adding Brand Vaughan Lumber Company in the Atlanta metro area, Home Center Supply located outside of Phoenix, and completing the previously a...
84 Lumber is continuing its 2021 expansion plans to help fill the increasing demand for engineered and manufactured wood products around the country.
Veidekke has been commissioned by OBOS to build 53 Nordic Ecolabelled residential units in Sigtuna, northwest of Stockholm.
Masonite International Corporation plans to invest in a new door manufacturing facility in Fort Mill, South Carolina. The new 370,000 square foot facility is expected to employ more than 220 people beginning in early 2022.
Atlas Engineered Products provides an update on the Company's organic growth initiatives at its newest acquisition, Novum Building Components location, in Abbotsford, British Columbia, Canada.
Katerra announced that the company and certain of its U.S. and Cayman Island entities have voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.
Keta Kosman, Publisher of Madison’s Lumber Reporter, monitors lumber prices every day. She thinks we are in a new era for the economy. In the 1950s, there was much infrastructure building, it was all a huge boom for the economy for two decades. We're in a similar situation right now, she says. The U.S. administration i...
For the three months ended March 31, 2021, Hardwoods Distribution's consolidated sales grew to $291.2 million, an increase of $49.4 million, or 20.4%, from $241.7 million in the 1Q 2020.
Builders FirstSource, Inc. reported its results for the 1Q ended March 31, 2021. Net sales for the 1Q 2021 were $4.2 billion, a 54.1% increase compared to a combined pro forma year ago. 1Q 2021 adjusted EBITDA increased 186.8% to $455.2 million, driven by solid demand across single family and repair and remodel/other c...
The historic climb for lumber prices, combined with delays and higher costs for other building materials in U.S., is a significant limiting factor for home building in 2021. Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new constructi...
Builders FirstSource, Inc. has entered into a definitive agreement to acquire Cornerstone Building Alliance SW, LLC, for approximately $400 million, subject to certain closing adjustments.
Masonite International Corporation appoints Richard Leland as Vice President, Finance and Treasurer. In this role, Rich will have responsibility for all Treasury and Investor Relations activities, as well as the Corporate Business Planning & Analysis function.
Atlas Engineered Products reports record 1Q 2021 with positive net income. Revenue increased 29% to $9.1 million for the three months ended March 31, 2021 from $7 million for the three months ended March 31, 2020. The Company recorded a net income of $51,208 for the 1Q 2021 compared to a net loss of $(762,961) for the ...
Maarit Jylhä has been appointed as Vice President, Finance - CFO of Honkarakenne Oyj. She will also become a member of the Group Management Team. Maarit Jylhä will take up the position on June 1, 2021.
The demand for lumber is on fire. In the United States prices have gone up 300% or 400%. The Canadian supply is going down fast. Is it a new super-cycle for lumber and permanent high prices? No one has an answer to this question. That never happened, but now wood prices are through the roof again. We tried to figure it...
Jeld-Wen Holding's net revenue for the 1Q 2021 increased by $113.2 million, or 11.6%, to $1,092.4 million, compared to $979.2 million for the same period last year.
The National Association of Home Builders (NAHB) has responded to a recent article from the U.S. Lumber Coalition, which attacked the NAHB's stance on lumber prices and import duties.
UFP Industries, Inc. (UFPI) announced that a wholly owned subsidiary of UFP Construction, LLC, has acquired the assets of Endurable Building Products, LLC.