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Industry News

08.17.16
CertainTeed Contractor Partners Recognized at Saint Gobain International Trophy Awards
(Malvern, Pa.) – Three North American contractors recently traveled to Prague, Czech Republic to be recognized for exemplary craftsmanship using CertainTeed drywall products. Saint-Gobain, CertainTeed’s parent company, hosted its 10th International Trophy Awards ceremony on June 3. The event celebrated 89 projects representing 35 countries that showcased how high-performance drywall systems and plasters, in combination with skilled workmanship, provide solutions for quality, safe, comfortable, modular and sustainable interiors across a variety of spaces.

08.17.16
Architecture Billings Index moderates slightly, remains positive
Washington, DC – August 17, 2016 –The Architecture Billings Index (ABI) was positive in July for the sixth consecutive month, and tenth out of the last twelve months as demand across all project types continued to increase. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the July ABI score was 51.5, down from the mark of 52.6 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings).

08.15.16
NAHB: Builder Confidence Rises Two Points in August
Builder confidence in the market for newly constructed single-family homes in August rose two points to 60 from a downwardly revised reading of 58 in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

08.03.16
Continental Building Products Reports Second Quarter 2016 Results
HERNDON, Va.--(BUSINESS WIRE)-- Continental Building Products, Inc. (NYSE:CBPX) (the Company), a leading manufacturer of wallboard and gypsum-based products, announced today results for the second quarter ended June 30, 2016.

07.28.16
CertainTeed Strengthens its Drywall Offerings with High-Performance Corner Products
(Malvern, Pa.) – A building products company is only as strong as the products it sells. CertainTeed Gypsum has cemented its position as an unbending force in the wallboard market with a new line up of high-performance drywall corner solutions. The product line benefits industry professionals and end-users, with superior aesthetics, durability and installation efficiency ideal for both residential and commercial building applications.

07.27.16
USG Corporation Reports Second Quarter 2016 Results
CHICAGO--(BUSINESS WIRE)--Jul. 26, 2016-- USG Corporation (NYSE:USG), a leading building products company, today reported results for the second quarter of 2016. “Our focus on operational execution in all of our businesses drove our improved second quarter results,” said James S. Metcalf, Chairman, President, and CEO. “Expanding operating margins is a key priority for USG, and we delivered margin expansion in all of our businesses in the second quarter.”

07.27.16
Owens Corning Reports 2nd Quarter 2016 Results
TOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC) today reported consolidated net sales of $1.55 billion in the second quarter of 2016, compared to net sales of $1.40 billion in the prior-year period. The company reported net earnings of $138 million, or $1.19 per diluted share, in the second quarter of 2016, compared with net earnings of $91 million, or $0.77 per diluted share, in the same period in 2015. Second quarter 2016 adjusted earnings were $150 million, or $1.29 per diluted share, compared with $90 million, or $0.76 per diluted share, during the same period one year ago (See Use of Non-GAAP Measures).

07.26.16
Healthy outlook for construction market, despite rising challenges
More moderate projections than previously reported, with continued slowing in 2017

07.25.16
Eagle Materials Reports First Quarter EPS up 24% on Record Revenues
DALLAS--(BUSINESS WIRE)-- Eagle Materials Inc. (NYSE: EXP) today reported financial results for the first quarter of fiscal 2017 ended June 30, 2016. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior year's first quarter):

07.21.16
NAHB: Remodeling Market Index Holds Steady in Second Quarter
WASHINGTON, July 21 - The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) posted a reading of 53 in the second quarter of 2016. Although it slipped one point from the previous quarter, it is still the 13th consecutive quarter with a reading above 50.