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Industry News

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.

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.”

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).

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):

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.

Architectural Billings Index Remains on Solid Footing
Washington, DC – July 20, 2016 – Buoyed by increasing levels of demand across all project types, the Architecture Billings Index (ABI) was positive in June for the fifth consecutive month. 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 June ABI score was 52.6, down from the mark of 53.1 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings)

NAHB: Housing Starts Rise 4.8% in June
Housing Starts Rise 4.8 Percent in June WASHINGTON, July 19 -- Nationwide housing starts rose 4.8 percent in June to a seasonally adjusted annual rate of 1.19 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance increased 1.5 percent to a seasonally adjusted annual rate of 1.15 million.

Gypsum Association Now ICC Preferred Provider
HYATTSVILLE, MD –July 19, 2016, The Gypsum Association (GA) is pleased to announce that it has been designated a Preferred Provider under the International Code Council (ICC) Preferred Provider Program (PPP). The GA already is an American Institute of Architects (AIA) Continuing Education System (CES) Provider.

Builder Confidence Holds Firm in July
Source: NAHB Builder confidence in the market for newly built, single-family homes in July fell one point to 59 from a June reading of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.

CertainTeed/Saint-Gobain Corporate Headquarters Awarded Prestigious LEED Platinum Green Building Certification
ALVERN, Pa.--(BUSINESS WIRE)--The North American Corporate Headquarters of Saint-Gobain, one of the world’s largest building materials companies, announced today that it has received LEED Platinum certification for both commercial interiors and core and shell, as established by the U.S. Green Building Council (USGBC) and verified by the Green Building Certification Institute (GBCI). The headquarters’ sustainable design places equal value on environmental sustainability, employee wellbeing and comfort. In doing so, the building is now a dynamic showcase for Saint-Gobain and its largest construction brand CertainTeed Corporation.