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Friday, November 11, 2016
WMA Member Announcements
Masonite International Corporation Reports 2016 Third Quarter Results
Masonite International Corporation announced results for the three and nine months ended October 2, 2016. “We delivered our tenth consecutive quarter of double digit adjusted EBITDA growth with positive performance in all three reportable segments. At 12.9%, our year to date adjusted EBITDA margin is the highest it has been since 2009,” said Fred Lynch, President and CEO. “Our strategic initiatives and purposeful investments are reflected in our solid performance.” Read more at MASONITE
CODES & STANDARDS NEWS
NLBMDA Update: US & Canadian Softwood Lumber Agreement
The National Lumber and Building Materials Dealer Association issued the following update on the state of the Softwood Lumber Agreement between the U.S. and Canada:
Background:The Softwood Lumber Agreement (SLA) between the United States (U.S.) and Canada expired on October 12, 2015. There was a one-year cooling off period where neither country was allowed to engage in litigation on the issue. That cooling-off period expired on October 12, 2016. The U.S. Lumber Coalition, an alliance of softwood lumber producers in the United States, has expressed support for a new agreement but in a recent statement suggested it may have “no choice but to move to initiate trade cases against unfairly traded imports from Canada.” Read More in LBM Journal
WMA Members can update your company and employee profiles in the membership portal of the WMA website. Contact WMA.
HOUSING INDUSTRY
Construction Job Openings Continue to Rise
The count of unfilled jobs in the overall construction sector increased in September, as residential construction employment continued to grow. 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) grew to 221,000 in September, after establishing a cycle high of 225,000 in July. The July estimate represents the highest monthly count of open, unfilled jobs since February 2007. Read more at NAHB Eye On Housing
Where They Aren’t?
The delta between big public new orders and Census Bureau new-home sales explored and explained.
Guest commentator on Bill McBride’s Calculated Risk blog, housing economics guru Thomas Lawler, compares and contrasts big public builder performance in the third quarter of 2016 with Census Bureau estimates of new home sales (single-family) for Q3. Read more at BUILDER
The Paris Climate Agreement and Windows: What’s the Connection?
On Friday, the Paris Agreement to fight climate change officially became international law, and it will have a huge impact on the way residential and commercial buildings are constructed around the world, now and in the future.Read more at DWM
What’s in Store for Housing in 2017?
The National Association of Realtors answers, gives forecast for next year. Read more at HOUSINGWIRE
Nation Inches Closer to a Recovery But Underlying Variation Persists
For the country as a whole, the NAHB/First American Leading Markets Index (LMI), released today, rose to .98 in the third quarter of 2016, .01 point higher than its level in the second quarter of 2016, .97, and .05 point higher than its level from one year ago, .93. The LMI is now .20 point above its low of .78 reached in March 2012. The index uses single-family housing permits, employment, and home prices to measure proximity to a normal economic and housing market. The index is calculated for both the entire country and for 337 local markets, metropolitan statistical areas (MSAs). A value of 1.0 means the market (or country) is back to the last level of normality. Read more at NAHB Eye On Housing
BUSINESS & FINANCE
Arriving At The Value Part 1 of a 2 part series: The Business Appraisal: Do I really need one and how difficult will the process be? Read the Full Article by The Center for Financial, Legal & Tax Planning, Inc.
Infographic: B2B eCommerce in Manufacturing & Distribution
In July 2016, 450 manufacturers & distributors were surveyed by Handshake to understand their operational challenges, sales & fulfillment processes, and technology investments, with a particular focus on B2B eCommerce and the impact it is having on manufacturing and distribution; including increased order frequency, greater product discoverability, and the reactivation of previously dormant customers. Download Now via NAW SmartBrief.
The New Battle for Intellectual Property in the Day of the Internet and Knowledge Economy Read the Full Article Published by The Center for Financial, Legal & Tax Planning, Inc.
ECONOMY & BUSINESS
Fannie Mae: Americans feeling more and more nervous about the economy
Consumer’s optimism towards the economy decreased yet again as they faced more uncertainty in October, according to the latest Fannie Mae Home Purchase Sentiment Index. Read more at HOUSINGWIRE
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NEXT WEBINAR
Monday, Nov 21
11:00 am cst
“According to Forbes, only 30% of businesses are successfully passed from the first generation to the second. Only 9% make it to the third and virtually zero to the fourth.”
Presented by Roman Basi
The Center for Financial, Legal & Tax Planning, Inc.
Wholesale Distribution Education
Registration NOW OPEN!
SAVE THE DATE – University of Innovative Distribution
March 5-8, 2017
JW Marriott Indy / Indianapolis, IN
WMA
2016 Compensation & Benefit Survey
Available for Purchase
What is the ANSI/WMA 100 Standard for Side-Hinged Exterior Doors?
- Approved as an American National Standard by ANSI
- Uses the ASTM E330 test method to obtain a full system design pressure rating
- Defines methods for qualifying door system components for substitution in the rated system
- Outlines slab stiffness testing procedures for use in determining component substitution
GROW YOUR BUSINESS IN 2017
BECOME A WMA SUPPORTER
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PROMOTE YOUR
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CONNECT WITH THE
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We’re unveiling some forward-thinking initiatives in 2017, and you can be a big part of it. Contact WMA to get started
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