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WMA Member Announcements
WMA Welcomes New Member
Pacific Crest Building Products (PCBP)
With more than 75 years’ experience in designing and building wood doors, PCBP takes great pride in providing the perfect door for every style of home. We offer prefinished exterior mahogany and knotty alder wood entry doors as well as unfinished/prefinished knotty alder, prefinished mahogany flush and 4 models of primed pine interior doors. Matching barn doors and tracks are also available to ship in our quick 5 day lead-time. With 3 warehouse locations across the United States, there is a quick, quality wood door solution nearby.
For more information please visit www.pacificpridedoors.com
WMA Welcomes New Member
Nova Plastech, Inc.
Nova Plastech Inc. is a Canadian company. We specialize in cellular and rigid profiles extrusion for windows and doors. We have invested an extrusion plant in China. We supply window and door profiles with a competitive price structure over twenty years in North American. Reinforcing window profiles integrate aluminum or steel with cellular PVC profiles to obtain an innovative solid product offering the weather-resistant. Perfectly suited for a variety exterior applications in the coastal regions such as Florida.
For more information please visit www.novaplastech.com
ECONOMICS & BUSINESS NEWS
Don’t Let Big Banks Starve Your Business
A structural deficiency in the U.S. banking sector leaves businesses that gross under $50 million without credit facilities sufficient enough to support their needs. That may sound like a bold statement, but given the state of banking today, it might not be as dire as you think. There are approximately 7,000 banks in the U.S. Less than 20% of those have assets greater than $500 million, and fewer than 200 banks can offer credit lines in excess of $2 million.
Read more at PROSALES
HOUSING INDUSTRY NEWS
Declines for Residential Construction Employment
as Job Openings Persist
The count of unfilled jobs in the overall construction sector remained elevated in April after a post-Great Recession high in March. However, the count of total jobs in the residential construction sector has declined for two straight months. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) fell to 200,000 in April, after a cycle high of 215,000 in March. The March estimate represents the highest monthly count of job openings since May 2007.
Read more at NAHB Eye On Housing
Builders Call for End to Regulatory Overreach
During National Homeownership Month
As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, builders continue to demand affordable housing for all Americans, calling for sensible reforms to burdensome regulations that increase the cost of housing.
Read more at NAHB
Priced Out?
Here’s where there’s a mismatch between what home builders are building, and what would-be buyers say they’d pay …
and why that’s the case.
Very nearly three out of five people surveyed by the National Association of Home Builders expects to pay $249,000 or less for the privilege of owning a new home. One in six actually thinks that $100,000 or less is their cap on a new home, and a full 31% believes that $150,000 is their limit.
Read more at BUILDER
How Some Businesses are Preparing
for Hurricane Season
Hurricane season started officially last week and some reports have as many as eight striking the U.S. in different geographic regions. This has companies in high-impact areas on alert for the major storms.
Read more at DWM
Where are the hottest markets for home building, and
who are the top builders in those markets?
The latest Local Leaders list—the much-anticipated ranking of the top 50 new-home markets ranked by closings—will be released online this week. The list includes the total number of closings and the top 10 builders in each market, ranked by their 2015 closings and market share. We’ll be releasing 10 markets each day along with some analysis that offers insight into why certain markets are holding steady while others either joined or fell off the list.
Read more at BUILDER
ALERT! HOTEL POACHING ADVISORY
Beware of solicitation from unauthorized hotels and housing agencies
There are hotel booking and housing agencies contacting World Millwork Alliance members and exhibitors claiming to represent WMA; stating that the convention hotel, the Sheraton Grand Phoenix Hotel, is sold out and offering to book hotel rooms for the WMA Annual Convention & Tradeshow in Phoenix, Arizona, this October. Attendees and exhibitors who may be subject to inappropriate solicitation from hotels or third-party housing agencies should be aware that these solicitors are not affiliatedwith the WMA Annual Convention & Tradeshow.
Poachers may offer a lower hotel rate than the rates offered in our official block. Consequently, the reserved rooms may be of significantly lower quality, cancellation polices are often intolerant.
WMA goes to great lengths to ensure that every aspect of your convention and tradeshow experience is of the highest quality and value. Poachers do not have your best interests in mind, nor are they committed to providing a high level of customer service.
WMA convention host hotel is the Sheraton Grand Phoenix Hotel located next to the Phoenix Convention Center. Always refer to the WMA website for hotel room night availability or contact WMA directly.
We encourage you to book your accommodations through the official WMA Annual Convention hotel block directly through the WMA website when you register for the convention.
Any offers from other housing agents or agencies and/or hotels not listed in our block are not endorsed by WMA. Please report any unauthorized solicitations to WMA at Mail@worldmillworkalliance.com or by contacting WMA directly (727) 372-3665.
WMA ASSOCIATION NEWS
Ron Taylor Award Nominations Being Accepted
World Millwork Alliance is seeking nominations for the 2016 Ron Taylor Award (RTA). Do you know a WMA member who gives freely without reservation, has had a positive effect on others and contributes above and beyond; who is supportive and has been active in the World Millwork Alliance and their community? Why not recognize that individual by nominating them for the RTA? Nominate a WMA Member.
