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Industry News

01.06.17
Grabber Promotes and Realigns its Regional Structure to Meet Customer Needs and Growth Opportunities
Highland, UT— Grabber Construction Products, Inc. (“Grabber”), an international distributor of professional-grade fasteners and construction products, today announced key organizational and employee changes. Mike Hamilton will serve as Senior Vice President - Strategic Accounts working with Kelly Jones, National Accounts Manager. Steve Fletcher takes on the position of Senior Vice President - Corporate Development.

12.26.16
Architecture Billings Index ekes out another small gain in November
Washington, D.C. – December 21, 2016 – Coming off a modest increase after two consecutive months of contraction, the Architecture Billings Index (ABI) recorded another small increase in demand for design services. 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 November ABI score was 50.6, essentially unchanged from the mark of 50.8 in the previous month.

12.15.16
Builder Confidence Closes Year on a High Note
Builder confidence in the market for newly-built single-family homes jumped seven points to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since July 2005.

11.18.16
NAHB: Builder Confidence Holds Firm in November
Builder confidence in the market for newly-built single-family homes held steady in November at a level of 63 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “With most of our members responding before the November elections, confidence levels remained unchanged as they awaited the results,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “Still, builder sentiment has held well above 60 for the past three months, indicating that the single-family housing sector continues to show slow, gradual growth.”

11.18.16
Architecture Billings Index rebounds after two down months
For immediate release: Washington, DC – November 16, 2016 – After seeing consecutive months of contracting demand for the first time in four years, the Architecture Billings Index (ABI) saw a modest increase demand for design services. 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 October ABI score was 50.8, up from the mark of 48.4 in the previous month. This score reflects a slight increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 55.4, down sharply from a reading of 59.4 the previous month. “There was a collective sense of uncertainty throughout the design and construction industry leading up to the presidential election,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Hopefully we’ll get a sense of what direction we will be headed once we get a clearer read on how the new administration’s policies might impact the overall economy as well as the construction industry.”

11.09.16
CEMCO Launches HOTROD Type X Compressible Firestop
HOTROD Type-X is a compressible intumescent fire-stopping foam that provides 1 and 2 hour fire & smoke ratings for both dynamic and static joints according to UL-2079 (for both standard walls and shaft walls) and is sound tested according to ASTM E90.

10.31.16
USG Corporation Completes $670 Million Sale of L&W Supply to ABC Supply
USG Corporation (“USG”) (NYSE:USG) today completed the sale of its building products distribution business, L&W Supply Corporation (“L&W Supply”), to ABC Supply Co., Inc. (“ABC Supply”) for a total cash consideration of $670 million.

10.26.16
Owens Corning Reports Q3 2016 Results
Company Delivers Strong Operating Cash Flow; Board of Directors Approves Additional Share Repurchase Authorization for up to 10 Million Shares Composites delivered EBIT of $61 million Roofing grew EBIT to $146 million, a 42 percent increase Insulation delivered $38 million of EBIT Company continues to expect full-year adjusted EBIT of $700 million or more

10.25.16
USG Corporation Reports Q3 2016 Results
CHICAGO--(BUSINESS WIRE)--Oct. 25, 2016-- USG Corporation (NYSE:USG), a leading building products company, today reported results for the third quarter of 2016. “I'm pleased to report that we expanded margins in both of our US businesses as well as in our USG Boral joint venture,” said James S. Metcalf, President and CEO. “We expect to close the sale of our L&W Supply business for $670 million on October 31st, and intend to use the proceeds from the sale to retire debt.

10.24.16
Eagle Materials Reports Second Quarter EPS up 112% on Record Revenues
DALLAS--(BUSINESS WIRE)-- Eagle Materials Inc. (NYSE: EXP) today reported financial results for the second quarter of fiscal 2017 ended September 30, 2016. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior year's second quarter):