Industry News

 

Taylor Morrison Purchases 1,200 Homesites in Austin, Texas Development
July 15, 2010 - AUSTIN, TX -- Signaling the next step in what it sees as the future of Austin, Taylor Morrison Communities has acquired a portion of one of the area's biggest development jewels - Crystal Falls in northwest Austin... Read full story

 

James Hardie Releases New Report, 'TREND REPORT - Outdoor Living' That Cites Results from the 2010 AIA Trend Survey
July 08, 2010 - Read full story

 

Construction Spending Rises 0.2 Percent in May
July 08, 2010 - The U.S. Census Bureau of the Department of Commerce announced last week that construction spending during May 2010 was estimated at a seasonally adjusted annual rate of $841.9 billion, 0.2 percent below the revised April estimate of $843.3 billion... Read full story

 

Closing Deadline Extended to Sept. 30 for Eligible Homebuyer Credit Purchases
July 08, 2010 - WASHINGTON --Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service... Read full story

 

Stock Building Supply Completes Acquisition of Bison Building Holdings
July 07, 2010 - RALEIGH, NC -- Stock Building Supply Holdings, LLC, an affiliate of The Gores Group, announced that it has completed its purchase of the assets of Bison Building Holdings, Inc. (Bison) and its subsidiaries pursuant to Section 363 of Chapter 11 of the U.S. Bankruptcy Code... Read full story

 

ABC Supply Co. Inc. Completes Acquisition of Bradco Supply Corp.
July 07, 2010 - BELOIT, WI -- ABC Supply Co. Inc. has finalized its purchase of Bradco Supply Corp. The acquisition of Avenel, N.J.-based Bradco is the largest in ABC Supply's history and adds 129 locations in 30 states to the ABC Supply roster... Read full story

 

ProBuild Opening New Facilities In Washington D.C. Area and San Antonio
July 07, 2010 - DENVER -- ProBuild Company LLC, the nation's largest professional building materials supplier, today announced it has reached an agreement to purchase some of the assets of Chopp Lumber, a building materials supplier based in Waldorf, MD. ProBuild also announced the opening of a new millwork facility in San Antonio, TX... Read full story

 

Construction Industry Confident of Recovery in 2011, Says Engineering News-Record Survey
July 01, 2010 - NEW YORK -- Construction professionals expect the industry recession to start to turn around by the end of the year, according to a survey in this week's issue of Engineering News-Record (ENR) magazine and on ENR.com, published by McGraw-Hill Construction... Read full story

 

Lennar Posts Second Quarter Profit, But New Orders Fall
July 01, 2010 - MIAMI -- Lennar Corporation, one of the nation's largest homebuilders, reported a $39.7 million profit during the second quarter, compared with a $125 million loss for the same period a year earlier. The company said revenues, however, fell 12% to $694.8 million. New orders also declined... Read full story

 

Mid America Brick to Re-commission Dormant A.P. Green Brick Plant in Missouri
June 30, 2010 - MEXICO, MO -- An enthusiastic crowd of community members, elected officials and economic development advocates gathered here today to celebrate the announcement that Mid America Brick & Structural Clay Products, L.L.C. will begin operating the former A.P. Green plant as a face brick manufacturing facility... Read full story

 

Beazer Homes Settles with Chinese Drywall Manufacturer
May 19, 2010 - Several media outlets are reporting that Beazer Homes has settled with the Chinese manufacturer of tainted drywall that is causing problems in several states. Read more on the settlement at... Read full story

 

Green Building Initiative Launches Pilot Program utilizing the American National Standard for Commercial Green Building
May 07, 2010 - The Green Building Initiative (GBI) announced it will begin accepting applications for a pilot program for its American National Standard for Commercial Green Building... Read full story

 

Overall Construction Spending Improves in March
May 05, 2010 - The U.S. Census Bureau of the Department of Commerce announced Monday that construction spending during March 2010 was estimated at a seasonally adjusted annual rate of $847.3 billion, 0.2 percent above the revised February estimate of $845.5 billion. The March figure is 12.3 percent below the March 2009 estimate of $966.7 billion... Read full story

 

Remodeling Market May Be in Turnaround
May 05, 2010 - WASHINGTON -- The decline in remodeling activity may be reaching an end, according to the latest National Association of Home Builders' (NAHB) Remodeling Market Index (RMI). Current market conditions jumped to 47.0 from 36.4 in the fourth quarter of 2009. Future indicators of remodeling business leapt to 48.9 from 31... Read full story

 

Pending Home Sales on an Upswing
May 05, 2010 - Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21... Read full story