Thursday, June 20, 2019
MEMBER NEWS
Royal Building Products Acquires Davinci Roofscapes
Royal Building Products, a Westlake Chemical Corporation company, has completed its acquisition of composite roofing and siding manufacturer DaVinci Roofscapes. Read more at BusinessWire
Dyke Industries to Open 100,000-Square-Foot Wilson County Facility
Dyke Industries will open a new 100,000-square-foot warehouse in Wilson County that will employ about 40 workers. Read more at The Tennessean
Quanex’s Fenestration Sectors See Growth in Second Quarter
During a recent earnings call, officials from Quanex Building Products reported mostly increases across the board. Quanex chief finance officer and senior vice president of finance Brent Korb said an increase in net sales was largely due to strong revenue growth in the company’s European fenestration division. Read more at DWM
BlueLinx Announces Sale of Two Former Distribution Facilities for Approximately $12 Million to Further Real Estate Monetization and Debt Reduction Initiatives
Marietta, GA, June 18, 2019 (GLOBE NEWSWIRE) — BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed the sale of its former distribution facilities in Minneapolis, Minnesota, and Des Moines, Iowa, for an aggregate purchase price of approximately $12 million. Net proceeds from the transactions were used to repay indebtedness under the Company’s revolving credit facility.
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RSL Joins the Novatech Group
Harold Savard, President of Novatech Group and Ron Lewkowitz, President of RSL, are proud to announce that RSL has joined Novatech. RSL has been specializing in doorglass for over fifty-five years and has its corporate headquarters in New Jersey. Read more
INDUSTRY AND ECONOMIC NEWS
Homebuilder Confidence Weakens as Cost Concerns Mount
As cost and labor concerns continue to grow, new data indicates homebuilder confidence retreated two points to 64 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Read more at Housing Wire
Single-Family Permits Continue Weak Pace
Over the first four months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 261,119. On a year-over-year (YoY) basis, this is a 6.5% decline over the April 2018 level of 279,302. Read more at NAHB
Here’s Why Homeowners Are Pumping the Brakes on Home Remodeling Spending
Fed Holds Rates Steady, But Opens the Door For a Rate Cut in The Future
GOVERNMENT AND LEGISLATIVE NEWS
China, U.S. to Resume Trade Talks but China Says Demands Must be Met
Top Chinese and U.S. officials will resume trade talks in accordance with the wishes of their leaders, but China hopes the United States will create the necessary conditions for dialogue, the Chinese commerce ministry said on Thursday.Read more at Reuters
CODES AND STANDARDS NEWS
ICC Offers Natural Disaster Preparedness Guide
The ICC released a Natural Disaster Preparedness Guide to help communities plan ahead for hurricane season, which began on June 1. Read more at Code Watcher
Green Building Initiative Announces Release of Green Globes 2019 as a Revised American National Standard
Portland, Ore, June 13, 2019 (GLOBE NEWSWIRE) — The Green Building Initiative (GBI) announced today the approval by GBI’s Board of Directors on June 11 of ANSI-GBI 01-2019: Green Globes Assessment Protocol for Commercial Buildings, which was formally approved by ANSI as a consensus document at the end of April and subsequently published as an approved Standard in ANSI’s Standards Action publication on May 3. Read more at Globe Newswire
National Building Code of Canada Recognizes XPS Aged R-Values
CROFTON, Md., June 13, 2019 /CNW/ — Thermal insulation materials are critical to a building’s design and its ability to reduce energy consumption. In 2017, the ULC Standards Committee on Thermal Insulation Materials and Systems approved an updated fifth edition of the CAN/ULC-S701.1, Standard for Thermal Insulation, Polystyrene Boards. This standard specifies the requirements for rigid expanded polystyrene (EPS) and extruded polystyrene (XPS) insulation. Following the S701.1 standard update, the Canadian Commission on Building and Fire Codes has recognized the Fifth Edition as the new reference document for EPS and XPS insulation in the interim revision to the 2015 National Building Code of Canada.Read more at Cision
TECHNOLOGY NEWS
Fighting the Digital Disruption War: Protect the Last Mile
From the nature of mergers-and-acquisitions activity to the way manufacturer-distributor-customer relationships are defined today, digital disruption has fundamentally changed the competitive dynamics of wholesale distribution. Read more at MDM
SAFETY NEWS
With Summer Heat Upon Us, Heat Stress Prevention is Key
MORE ARTICLES OF INTEREST
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PODCASTS AND WEBINARS
Building Forward with Steve Glenn
Steve Glenn is CEO of Plant Prefab, a Rialto, Calif.-based builder of high-quality, sustainable, prefabricated single-family and multifamily homes. The company made a splash last year when Amazon announced it had invested in the company through its Alexa Fund, the company’s first investment in home construction. Listen on Soundcloud
