WMA ANNOUNCEMENT
Attention WMA 2016 Exhibitors!
To keep your company in front of the millwork community, WMA would like to offer you the opportunity to continue to promote your company in the WMA 2016 Exhibitor Product Review on the WMA website by submitting a 75-word description of your product/service along with a photograph to Brian Welsh at bwelsh@worldmillworkalliance.com. Please note, deadline for submitting your information will be November 15, 2016. (WMA can accept the following image specifications: JPG or PDF, not to exceed 5 mb; 150 DPI or greater.)
WMA Compensation & Benefit Survey Available for Purchase
In trying to establish a sound compensation system, managers are continually looking for benchmarks. That is, they want to know how much other companies are paying for certain positions. They also want to know what fringe benefit packages are being offered.
WMA partnered with North American Building Material Distribution Association as well as North American Association of Floor Covering Distributors to conduct a comprehensive Compensation & Benefits survey which will help you benchmark your company, not only in the industry, but also amongst other companies in distribution.
Click here to learn more and to purchase the survey.
MEMBER NEWS
Huttig Building Products, Inc. Announces Third Quarter 2016 Results
Third Quarter 2016 Highlights:
- Net sales of $192.8 million
- Gross margin of 21.5%
- Net income of $4.7 million
- Total available liquidity of $84.3 million
Read Full Release
Oropeza Named Huttig GM for Dallas MORE
Guardian Building Products Acquires Hawkeye Building Distributors MORE
Conley Named General Manager of BlueLinx’s Minneapolis District MORE
EDUCATION NEWS
SAVE THE DATE – University of Innovative Distribution
March 5-8, 2017
JW Marriott Indy / Indianapolis, IN
Registration Opens Soon!
With WMA’s partnership in alliance with more than 35 distribution associations, the University of Distribution (UID) is available to WMA members. For over two decades, the university of Innovative Distribution (UID) has offered education programs to meet the needs of wholesale distribution professionals and companies. Over the four-day program, more than 40 different sessions are offered which have helped many World Millwork Alliance members increase efficiency, perform better and work smarter.
Registration for the 2017 program will open soon. To be the first to know, CLICK HERE to be placed on the UID email notification list.
GOVERNMENT NEWS
Senators urge resolution of US, Canada softwood lumber deal
A bipartisan group of senators is urging President Obama to encourage Canada to forge an agreement on a new softwood lumber trade deal. Sens.Ron Wyden(D-Ore.) andMike Crapo(R-Idaho), along with 21 other senators, said they are disappointed that Canada seems reluctant to follow through with completing a deal, further undermining U.S. efforts to notch a final pact.
Read More in The Hill
HOUSING INDUSTRY NEWS
Construction Starts Ease Back in September
The value of new construction starts in September decreased 2 percent to a seasonally adjusted annual rate of $703.7 billion, according to Dodge Data & Analytics. This follows the 22-percent jump for total starts in August, which is the highest monthly pace so far in 2016.
Read more at DWM
Coalitions Build to Limit, Delay Overtime Rule
Mounting opposition and distressful surprises are taking place nationwide as businesses and nonprofits learn about and fight against a new rule on overtime pay scheduled to take effect Dec. 1. But a fast-closing window of opportunity and White House opposition make it ever more unlikely the rule will get altered.
Read more at PROSALES
Home Prices in August – Gains Continued
The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, rose in August. The index rose at a seasonally adjusted annual growth rate of 7.6%, faster than the 4.9% reported in July. After the deceleration in the beginning of 2016, house prices have accelerated since May due to tight inventory and the increases in existing home sales in the early part of this year.
Read more at NAHB Eye On Housing
Where to Be Next
An uneven geographical recovery means some markets may be nearing cyclical peaks, while others have months and months of headroom.
Read more at BUILDER
Framing Methods for Single-Family Homes: 2015
Wood framing remains the most dominant construction method for single-family homes in the U.S., according to NAHB analysis of Census Bureau data. For 2015 completions, 93% of new homes were wood-framed. Another 7% were concrete homes, and less than half a percent were steel-framed.
Read more at NAHB Eye On Housing
Redfin: Home Sales Rise 3.2% in September
Home prices increased 4.4% as inventory remained tight.
Read more at BUILDER
