08.14.08
HOME FORECLOSURES UP 55% IN JULY
NUMBER OF HOME FORECLOSURES IN 2009 COULD EXCEED NUMBER OF NEW HOME STARTS
New York, NY - U.S. foreclosure activit [more] |
08.14.08
INFLATION SOARS TO 17 YEAR HIGH IN JULY
U.S. Inflation Hits 17-Year High As Increases Move Beyond Food, Oil
Washington DC - U.S. inflation soared to a 17- [more] |
08.14.08
TOLL BROTHERS SEES SHARP DECLINE IN 3RD QTR
Toll Brothers (TOL) said Wednesday the nation's housing woes continue to hammer the luxury builder's business, leading t [more] |
08.13.08
GREENSPAN SEES HOUSING BOTTOM & PRICE STABALIZATION '09
Greenspan Sees Bottom In Housing, Criticizes Bailout
Washington DC - Alan Greenspan usually surrounds his opinions [more] |
08.13.08
TOLL BROTHERS SEES GROWING PENT UP DEMAND
Toll Brothers Posts Revenue Decline, But Seeing "Pent Up Demand" Growing. GypsumToday.com Believes Stabalization of Hom [more] |
08.09.08
WALLBOARD PRICES UP WITH MORE EXPECTED BY 4TH QTR '08
Mission Viejo, CA - Gypsum wallboard prices in the United States hit cycle bottom in January 2008. Since that time ther [more] |
08.08.08
BEAZER REPORTS KEY QUARTERLY PERFORMANCE NUMBERS
$110 Million Net Loss, Closings Down 37%, Prices Down 9%, Cancellation Rate 37% and New Orders Down 42%
Beazer Hom [more] |
08.05.08
D.R. HORTON POSTS $339M LOSS AND SIGNALS '10 RECOVERY
D.R. Horton Inc., the nation's largest homebuilder, said Tuesday its losses in the fiscal third-quarter narrowed as the [more] |
08.04.08
MAJOR BUILDER WCI FILES FOR BANKRUPTCY
WCI files for bankruptcy and names interim CEO
Florida builder succumbs to housing bust; Icahn says financing efforts f [more] |
08.02.08
LAFARGE GYPSUM REPORTS NEGATIVE 37.8% EBIT/SALES IN Q2
Lafarge Gypsum Financial Performance Declines From Negative 31% EBIT/Sales in First Quarter '08 to Negative 37.8% EBIT/S [more] |
08.01.08
UNEMPLOYMENT HITS 4 YR HIGH OF 5.7% IN JULY
Job Losses Suggest Economic Weakness to Persist
Unemployment Hit A Four-Year High Of 5.7% in July Construction Jobs Dow [more] |
07.31.08
ARMSTRONG CEILINGS EBIT/SALES IMPROVES TO 19.4% IN Q2
Mission Viejo, CA - Within Armstrong World Industries latest results announcement it was reported that Armstrong Ceiling [more] |
07.31.08
BUSH SIGNS SWEEPING HOUSING BILL INTO LAW
Washington DC - U.S. President George W. Bush on Wednesday signed into law a sweeping rescue package aimed at resurrecti [more] |
07.30.08
CANADA'S FEDERAL GYSPUM FILES FOR BANKRUPTCY
Point Tupper, Canada - The beleaguered Federal Gypsum wallboard plant filed for bankruptcy last Friday, owing about $32 [more] |
07.29.08
HOME PRICES DROP 15.8% WITH LOW CONSUMER CONFIDENCE
House Prices Fell at Faster Pace in May (Update3)
Home prices in 20 U.S. metropolitan areas fell at a faster pace [more] |
07.29.08
HOMES ON MARKET FINALLY STARTING TO DECLINE
Amid Housing Slump, Glut Eases Slightly Rising Foreclosures, Tighter Credit Still Pushing Down Prices; Economists Don't [more] |
07.27.08
CONGRESS PASSES HOUSING BILL EXPECTED TO BE LAW MONDAY
Washington DC - U.S. Senate lawmakers on Saturday overwhelmingly passed a broad package of housing legislation, hoping t [more] |
07.25.08
NEW HOME SALES FALL 0.6% IN JUNE: BETTER THAN EXPECTED
New Home Sales Down 0.6% in June with Inventory Down 5.3%, Lowest Since December 2004
Washington DC - Sales of new [more] |
07.25.08
PACE OF HOME FORECLOSURES DOUBLES IN 2ND QUARTER
Home foreclosure filings more than doubled in the second quarter of 2008 from a year ago, according to real estate data [more] |
07.25.08
PULTE HOMES REPORTS $158 MILLION LOSS IN SECOND QUARTER
NEW YORK - Pulte Homes Inc posted a smaller quarterly loss on Wednesday, but said buyer confidence remained shaky.
[more] |
07.25.08
ST GOBAIN REPORTS INTERIOR & NORTH AMERICA DECLINES
Mission Viejo, CA - Within Saint-Gobain's latest results annoucement it was reported that their Global Interior Solution [more] |
07.25.08
TEMPLE INLAND ACQUIRES CARAUSTAR SHARE OF PAPER JV
Temple-Inland Acquires Caraustar's Interest in Premier Boxboard Limited Joint Venture
Austin, TX - Temple-Inland I [more] |
07.24.08
APPEARS CONGRESS HOUSING/MORTGAGE BILL WILL PASS SOON
Housing Bill Will Extend
Federal Role In Markets
By DAMIAN PALETTA and JAMES R. HAGERTY
July 24, 2008; Page A1
Wa [more] |
07.23.08
US GYPSUM REPORTS NEGATIVE 12.7% EBIT/SALES FOR 2ND QTR
Mission Viejo, CA - Within USG Corporations latest results announcement it was reported that U.S. Gypsum Company had an [more] |
07.23.08
USG INTERIORS TURNS IN SOLID 13.5% EBIT/SALES IN Q2
Mission Viejo, CA - Within USG Corporations latest results announcement it was reported that USG Interiors (i.e. domesti [more] |
07.23.08
USG'S L&W REPORTS BETTER 2.2% EBIT/SALES IN LATEST QTR
Mission Viejo, CA - After reporting a disappointing $1 million operating loss in the Jan-March quarter, USG's distributi [more] |
07.22.08
NVR REMAINS PROFITABLE DESPITE ORDERS DOWN 29%
Reston, VA - The housing slump continued to take its toll on homebuilder NVR Inc. as second-quarter earnings dropped 43 [more] |
07.21.08
EAGLE REPORTS NEGATIVE 2.2% EBIT/SALES IN GYPSUM
Mission Viejo, CA - Eagle's (American Gypsum wallboard plus paperboard)negative $2.2 million EBIT on net sales of $100.9 [more] |
07.17.08
BUILDER CONFIDENCE DECLINES FURTHER IN JULY
Washington DC - Builder confidence in the market for newly built single-family homes fell for a third consecutive month [more] |
07.17.08
UNDERLYING HOUSING STARTS DECLINE 4% IN JUNE
Codes Change in New York City Boosts Housing Starts, But Excluding the NE Multifamily Data, U.S. Housing Starts Fell 4.0 [more] |
07.16.08
INFLATION SURGES IN JUNE TO HIGHEST IN PAST 25 YEARS
Inflation Surges 1.1% on Energy Prices in June to Highest Level in Past 25 Years.
Washington DC - U.S. consumer pr [more] |
07.12.08
HOUSE & SENATE NEED TO RECONCILE HOUSING RELIEF BILL
Washington DC - The U.S. Senate passed an extensive package of housing legislation Friday, reacting to the continuing er [more] |
07.11.08
CONCERNS ABOUT MORTGAGE GIANTS FREDDIE & FANNIE GROW
Markets Roiled by Mortgage Fears
Washington DC - Big moves in the shares of government-chartered lenders Fannie Ma [more] |
07.11.08
GOLDBLATT INTRODUCES NEW ''BLADERUNNER'' DRYWALL TOOL
Goldblatt and CertainTeed Gypsum Launch Revolutionary Drywall Cutting Tool in North America
Olathe, KS -Goldblatt [more] |
07.09.08
SECRETARY PAULSON COMMENTS ON HOME FORECLOSURES
Secretary Paulson: Many foreclosures can’t be prevented
Homeowners that bought too much house may lose them, he says. [more] |
07.07.08
ARIZONA BUILDER ROBERTSON FILES CHAPTER 11 BANKRUPTCY
Tucson, AZ - Tucson-based builder T.F. Robertson Cos. filed for Chapter 11 reorganization bankruptcy on Thursday July 3r [more] |
07.04.08
WASHINGTON BASED CB WHOLESALE JOINS THE DRAKE GROUP
Mission Viejo, CA - CB Wholesale, Inc based in Bellingham, Washington is most recent leading, privately held, independen [more] |
07.03.08
OFFICE VACANCY RATE INCREASES FROM 12.8% TO 13.0%
Businesses Take Less Office Space Nationwide Landlords Feel Pain As Market Softens; Tenants Gain Edge
New York, NY [more] |
07.03.08
UNEMPLOYMENT RATE HOLDS STEADY AT 5.5% IN JUNE
Washington DC - U.S. payrolls shrank for the sixth consecutive month in June, as businesses faced with rising costs and [more] |
07.02.08
CONSTRUCTION LOANS TO ADD TO BANKING PROBLEMS
Small Banks' Reckoning Day Is Coming, Billions in Troubled Construction Loans Promise to Pose Test for Regional Lenders
[more] |
07.02.08
CONSTRUCTION SPENDING FALLS AGAIN IN MAY
Construction spending drops 0.4 percent in May - 11th Drop in Last 12 Months
Washington DC — Construction spending [more] |
07.02.08
NEW HOME SALES AND BUILDER CASH FLOWS REMAIN A CONCERN
Industry Manufacturers, Dealers and Builders Continue to Investigate Equity Infusions to Shore up Weak Balance Sheets.
[more] |
07.01.08
CALIFORNIA HOUSING MARKET IN DIRE STRAIGHTS
San Francisco, CA - While the underlying demographics for housing remain strong in California and are expected to gain e [more] |
07.01.08
GypsumToday.com USEAGE GROWS TO OVER 8,000 PER MONTH
Mission Viejo, CA - Visitors and useage of the unique GypsumToday.com industry portal continues to increase with current [more] |
06.28.08
ARIZONA BLDR SIERRA PACIFIC FILES CHAPTER 11 BANKRUPTCY
Tucson, AZ - Local home builder Sierra Pacific Homes LLC filed for Chapter 11 bankruptcy protection on Friday.
A petit [more] |
06.28.08
FLORIDA BLDR LEVITT & SONS TO LIQUIDATE
Fort Lauderdale builder Levitt and Sons to liquidate
Ft. Lauderdale, FL - Legendary home builder Levitt and Sons o [more] |
06.27.08
DIETRICH RETURNS TO PROFITABILITY WITH $15.4 M EBIT QTR
Mision Viejo, CA - Within Worthington Industries latest results announcement Dietrich Metal Framing reported a $15.395 m [more] |
06.27.08
KB HOME LOSS WIDENS ON WRITE DOWNS AND 17% LOWER PRICES
KB Home's fiscal second-quarter loss nearly doubled as prices fell amid a continuing housing downturn and credit crisis. [more] |
06.26.08
LENNAR LOSS NARROWS TO $121M - ORDERS DOWN 45%
Lennar Corp.'s second-quarter net loss narrowed as the company reported fewer write-downs, but home prices, orders and d [more] |
06.26.08
WOLSELEY TO DO STRATEGIC REVIEW OF STOCK BLDG SUPPLY
Wolseley to carry out strategic review of loss-making Stock Building Supplies; could postpone need for rights issue by T [more] |
06.25.08
CONSUMER CONFIDENCE CONTINUES DECLINE TO 16 YR LOW
US consumer confidence plunges in June while future expectations at record low
Washington DC - US consumer confide [more] |
06.25.08
NEW HOME SALES DOWN 2.5% IN MAY - BLDRS INVENTORY DROPS
New home sales down 2.5 pct in May to 512,000 unit annual pace
Washington DC - Sales of new homes in the United St [more] |
06.24.08
HOME PRICE INDEX SHOWS STEEPER DECLINES IN APRIL
Housing Index Show Deeper Slump
The S&P/Case-Shiller home-price indexes, a closely watched gauge of U.S. home pric [more] |
06.24.08
MARYLAND'S CARUSO HOMES FILES CHAPTER 11 BANKRUPTCY
Baltimore, MD - Crofton-based Caruso Homes, which has developed numerous subdivisions in suburban Maryland and Northern [more] |
06.23.08
BUILDER CONFIDENCE DECLINES AGAIN IN JUNE
Builder confidence in the market for newly built single-family homes edged down in June, according to the National Assoc [more] |
06.23.08
WORST HOUSING SLUMP IN 50 YRS HASN'T RUN ITS COURSE
The current housing downturn is shaping up to be the worst in 50 years, and it has not yet run its full course, accordin [more] |
06.19.08
TWO MORE HOME BUILDERS BUCKLE
Two More Builders Buckle
Two more home builders have filed for Chapter 11 bankruptcy protection in the face of dec [more] |
06.17.08
HOUSING STARTS DOWN 3.3% IN MAY TO 17 YEAR LOW
Washington DC - U.S. housing starts slid 3.3 percent in May to their lowest level in more than 17 years, while permits f [more] |
06.16.08
HOME FORECLOSURES UP 48% IN MAY
According to the foreclosure-monitoring company, RealtyTrac, US foreclosure filings have continued to rise in May, indic [more] |
06.16.08
MAJOR MINNESOTA HOMEBUILDER FILES BANKRUPTCY
Major builder files for Chapter 11 which is expected to effect subcontractors and dealers: MW Johnson was the 11th-large [more] |
06.14.08
LARGE OREGON HOME BUILDER FILES BANKRUPTCY
Portland, OR — Legend Homes, one of Oregon’s largest homebuilders, filed for bankruptcy after its parent company made so [more] |
06.11.08
USG STOCKTON GRID PLANT WINS SAFETY AWARD
USG Stockton Ceiling Grid Plant Wins CAL OSHA Star Award for Safety
STOCKTON, CA, June 11, 2008 - USG Corporation [more] |
06.09.08
GIANT REAL ESTATE PARTNERSHIP FILES BANKRUPTCY
Giant real estate partnership LandSource files bankruptcy.
The California real estate partnership LandSource Commu [more] |
06.06.08
ST GOBAIN SHAREHOLDERS APPROVE SHAREHOLDER AGREEMENT
Saint-Gobain shareholders approve agreement with main shareholder Wendel (Note: Saint-Gobain owns CertainTeed Gypsum, In [more] |
06.06.08
UNEMPLOYMENT JUMPS TO 5.5% -CONSTRUCTION DOWN AGAIN
Unemployment Rate Jumps to 5.5% As Economy Continues to Shed Jobs: Loss of Construction Jobs is 11th Month in a Row. C [more] |
06.05.08
HISPANIC WORKERS HIT HARD BY CONSTRUCTION SLOWDOWN
Hispanics who provided the bulk of the construction work force during the housing boom are suffering as many of those jo [more] |
06.05.08
HOME FORECLOSURES AT RECORD LEVELS AND RISING
Home Foreclosures, Delinquencies Hit Another Record in the First Quarter
Washington DC - Home foreclosures and lat [more] |
06.05.08
HOUSING SUPPLY FOR SALE SHOWS SLIGHT DECLINE IN MAY
Housing Supply Declined in May,Ample Listings
Remain in Market; A Sign of Leveling. Supply Approximately 10.7 Months [more] |
06.03.08
HOME BUILDER TAYLOR-MORLEY CLOSES ITS DOORS
St. Louis, MO - Taylor-Morley Homes Inc., once one of the largest home builders in the St. Louis area, ceased operations [more] |
06.03.08
HOVANIAN REPORTS POSITIVE CASH FLOW BUT INCREASED LOSES
Hovnanian Loss Increases to $340.7 Million in Latest Quarter as Largest National Home Builders Write Downs Exceed the $2 [more] |
06.03.08
TOLL BROTHERS POSTS SMALLER THAN EXPECTED LOSS
New York, NY - Toll Brothers Inc (TOL.N: Quote, Profile, Research), the largest U.S. luxury home builder, posted a quart [more] |
05.30.08
CERTAINTEED OPENS NEW WEST VIRGINIA WALLBOARD PLANT
Industry Trend of Shutting Down Old, Slow, High Cost Wallboard Plants As New High Spead Low Cost Plants Come On Line Wit [more] |
05.30.08
NATIONAL GYPSUM COMPANY EARNS ''GREEN'' AWARD
Charlotte, NC - National Gypsum and the Mt. Holly Plant earned one of the Charlotte Business Journal’s 2008 Green Awards [more] |
05.27.08
APRIL NEW HOME SALES RUNNING 42% BEHIND PRIOR YEAR
Washington DC - Sales of newly constructed single-family homes rose 3.3 percent in April to a 526,000 annual rate but th [more] |
05.27.08
HOME BUILDER CONFIDENCES DECLINES ANOTHER 5% IN MAY
Home Builder Confidence Declines Another 5% in May, 5% Above All Time Record Low Set in December 2007
Home builder [more] |
05.27.08
HOME PRICES FALL 14% IN FIRST QTR '08 VS YEAR EARLIER
Home Prices Fall 14% 1st Qtr vs. Prior Year; Largest Drop in 20 Years.
The S&P/Case-Shiller home-price indexes, a [more] |
05.27.08
MAY CONSUMER CONFIDENCE TUMBLES 8.9% TO 16 YEAR LOW
Consumer confidence weakened more than expected and for the fifth straight month in May, according to a new report.
[more] |
05.27.08
STD PACIFIC: CASH INFUSION TAKES BANKRUPTCY OFF TABLE
A $580 Million Cash Infusion by MatlinPatterson Global Advisors Appears to Save Standard Pacific From Possible Bankruptc [more] |
05.23.08
HOMES FOR SALE BALLONS 10% TO 11 MO INVENTORY ON MKT
Home Resales, Prices Decline,
While Inventories Increase 10.5% To An 11.2 Month Supply Now on The Market
Washing [more] |
05.23.08
SERIOUS MATERIAL'S QUIET ROCK WINS GLOBAL GYPSUM AWARD
Mission Viejo, CA - Sunnyvale, CA based Serious Materials won the Gypsum Product of the Year Award for their QuietRock p [more] |
05.22.08
HARDIE EBIT/SALES FALLS TO 13.8% IN JAN-MAR '08 QUARTER
Within their latest results announcement James Hardie, the industry leader in fiber cement, announced $43.2 million EBIT [more] |
05.22.08
PACE OF HOME PRICE DECLINES ACCELERATES DURING 1ST QTR
Home Prices Continue to Decline, Jobless Claims Drop in Latest Week
Washington DC - U.S. home prices fell a season [more] |
05.20.08
APRIL INFLATION NUMBERS HIGHER THAN EXPECTED
Washington DC - The core rate of inflation rose in April at twice the rate expected by economists. The core index, which [more] |
05.20.08
HOME DEPOT'S PROFIT FALLS 66% AS R&R MARKET SLOWS
Home Depot's Net Falls 66% As Homeowners Cut Projects. Depot Reports $728 Million EBIT on Sales of $17.907 Billion Duri [more] |
05.20.08
POLITICAL COMPROMISE MAKING HOMEOWNER BILL LIKELY
Washington DC - A once-imperiled bill aimed at helping troubled homeowners seems to be too politically resonant to fail. [more] |
05.19.08
ECONOMY & LEADING INDICATORS FLAT - SKIRTING RECESSION
Leading Indicators Increase 0.1%: Currently Very Close to But Missing Formal Definition of Recession.
New York, N [more] |
05.19.08
LOWE'S PROFIT FALLS 18% - EBIT/SALES OF 8.7%
Lowe's Net Falls 18% as Big-Ticket Sales Decline. $1.048 Billion EBIT on Sales of $12.009 Billion During the Latest Quar [more] |
05.16.08
APRIL HOUSING STARTS & PERMITS MAY BE START OF A BOTTOM
Housing Starts Post Surprise 8.2% Rise in April (note: still 30.6% below April '07) with Permits Rising 4.9%
Washi [more] |
05.16.08
CONSUMER CONFIDENCE DROPS TO 28 YEAR LOW
New York, NY - U.S. consumer confidence tumbled to a 28-year low this month as rising prices strained household finances [more] |
05.15.08
SENATE NEARS MORTGAGE DEAL
Washington DC - Senate lawmakers are close to a deal that would expand a government program to insure hundreds of billio [more] |
05.14.08
CONTINUED INCREASES IN STEEL AFFECTING COMMERCIAL MKT
Fast-Rising Steel Prices Set Back Big Projects
Relentless increases in the price of steel are halting or slowing m [more] |
05.13.08
BEAZER HOMES REPORTS $155 MILLION QUARTERLY LOSS
Atlanta, GA - Troubled homebuilder Beazer Homes USA Inc. said Monday it restated financial results for several prior-yea [more] |
05.13.08
TOLL BRO REV DOWN 30% WITH CONTRACTS DOWN 44%
Tolls Brothers Reports Revenue down 30%, Contracts Down 44% and Prices Down 17%.
Toll Brothers Inc. (TOL) Tuesday [more] |
05.12.08
NORTH CAROLINA HOME BUILDER FILES BANKRUPTCY
John S. Card Residential Builders Inc. has filed for Chapter 7 bankruptcy in the Middle District of North Carolina of U. [more] |
05.12.08
STD PACIFIC CONSIDERS SALE AFTER REPORTING $216M LOSS
Standard Pacific Considers Sale After Reporting $216 Million Loss
Standard Pacific Corp., the California homebuil [more] |
05.09.08
BEACON ROOFING REPORTS NEGATIVE 2.3% EBIT/SALES IN Q1
Mission Viejo, CA - Beacon Roofing Supply (NYSE: BECN) reported an operating loss of $6.94 million on sales of $304.251 [more] |
05.09.08
LAFARGE GYPSUM REPORTS NEGATIVE 31% EBIT/SALES Q1 '08
Lafarge Repots Negative 31% EBIT/Sales for North American Gypsum During Jan-March '08 Quarter
Mission Viejo, CA - [more] |
05.08.08
ANOTHER HOMEBUILDER FACING MAJOR LIQUIDITY ISSUES
Bonita Springs, FL - Home builder WCI Communities Inc (NYSE: WCI) faces the risk of bankruptcy due to its deteriorating [more] |
05.08.08
BLUELINX REPORTS NEGATIVE 1% EBIT/SALES FOR 1ST QTR '08
Mission Viejo, CA - Earlier this month Distributor BlueLinx Holdings (MYSE: BXC)reported $7.8 million operating loss on [more] |
05.08.08
BUILDER HOVANIAN SEEKING EQUITY INFUSION
Hovnanian Enterprises prices follow-on stock offering
Hovnanian Enterprises prices 14 million follow-on stock offering [more] |
05.08.08
OWENS CORNING EBIT/SALES DROPS TO 4.3% IN FIRST QTR '08
Owens Corning's Insulating Systems EBIT/Sales Drops to 4.3% in Q1 '08 from 12.1% During Q4 '07 Primarily Due to Declinin [more] |
05.06.08
D.R. HORTON REPORTS RECORD $1.31 BILLION LOSS
D.R. Horton Reports Record $1.31 Billion Loss as Housing Slump Worsens
D.R. Horton Inc. reported a record loss as [more] |
05.06.08
EAGLE REPORTS 5.2% POSITIVE EBIT/SALES IN BAD MARKET
Mission Viejo, CA - Eagle's (American Gypsum wallboard plus paperboard)positive $4.9 million EBIT before extraordinary p [more] |
05.05.08
HOVNANIAN REPORTS IMPROVED CASH & LOWER CANCELATIONS
Hovnanian Enterprises Reports Preliminary Operating Results for the Second Quarter of Fiscal 2008, Increases 2008 Cash F [more] |
05.02.08
ARMSTRONG REPORTS 16.6% EBIT/SALES AND EXPECTED SLOWING
Mission Viejo, CA - Withing Armstrong World Industries (NYSE: AWI) latest results announcement they reported 16.6% EBIT/ [more] |
05.02.08
CARAUSTAR REPORTS SLIGHT PROFIT - MKT CAP $45M
Wallboard Paper Supplier Caraustar Moves to Slight Profit in First Quarter with Total Market Capitalization of Approxima [more] |
05.02.08
UNEMPLOYMENT DROPS TO 5% - CONST LOSES ANOTHER 61m JOBS
Economy Shed Jobs in April But Pace of Decline Slows
Washington DC - U.S. employment fell a fourth straight month [more] |
05.01.08
CENTEX LOSS WIDENS TO $908M W/LAND&INVENTORY WRITE DOWN
New York, NY - Centex Corp (CTX), the No. 4 U.S. home builder, said on Wednesday its fiscal fourth-quarter loss widened [more] |
05.01.08
CONSTRUCTION SPENDING DECLINES 1.1% IN MARCH
Washington DC - US construction spending was down again in March, but only after across-the-board revisions by the Comme [more] |
05.01.08
HOME DEPOT TO CLOSE 15 UNDERPERFORMING STORES
Atlanta, GA - It's been 4 1/2 years since former Home Depot Chief Executive Bob Nardelli's bold prediction that the home [more] |
05.01.08
STEEL FRAMING PRICE INCREASES MAY EXTEND INTO 3RD QTR
Mission Viejo, CA - While increasing steel framing costs were clearly expected through the first half of 2008 (see Gypsu [more] |
05.01.08
TREND TOWARD SMALLER HOMES EXPECTED TO CONTINUE
In Addition to Facing the Current Declines in New Housing Starts the Residential Construction Industry Should Anticipate [more] |
05.01.08
WALLBOARD DEMAND DOWN 13%-14% IN FIRST QTR 2008
Mission Viejo, CA - Gypsum wallboard demand of 6.785 billion square feet in the United States during the January-March 2 [more] |
04.30.08
FED CUTS INTEREST RATE 1/4% - SIGNALS RATE PAUSE AHEAD
Washington DC - The Federal Reserve delivered its seventh interest rate cut since the credit crisis began last July but [more] |
04.30.08
M I HOMES POST $26M LOSS WITH BUSINESS DOWN ABOUT 1/3
M/I Homes posts loss for 1Q on ailing housing market
New York, NY - M/I Homes Inc. (NYSE: MHO)lost money in the fi [more] |
04.29.08
CASH GAP PARALYZES IOWA'S REGENCY HOMES
Des Moines, IA - Iowa's largest home builder, Regency Cos. of Des Moines, has laid off the entire staff of its home buil [more] |
04.29.08
HOME PRICES DECLINE 12.7% IN TOP 20 METRO MARKETS
Washington DC - U.S. consumer confidence continued to weaken in April, the fourth straight month of declines, according [more] |
04.29.08
MASCO INSTALLATION SERVICES DROPS TO SMALL LOSS IN Q1
Mission Viejo, CA - Within Masco's first quarter 2008 results announcement it was reported that their Installation Servi [more] |
04.29.08
NEW RESIDENTIAL RECOVERY POSSIBLE IN SPRING 2010
Excess Supply of Homes to Sell, Increasing Foreclosures, Concern about Jobs and Expectations of Further Declines in Home [more] |
04.27.08
CONSUMER CONFIDENCE PLUNGES 9.9% TO 26 YEAR LOW
U.S. Consumer Confidence Falls in April to its lowest level since March 1982
Washington DC - The Reuters/Universit [more] |
04.26.08
CHGO BUILDER KIMBALL HILL HOMES FILES BANKRUPTCY
Chicago, IL - Rolling Meadows-based Kimball Hill Inc. filed for bankruptcy protection Wednesday but said it will use $60 [more] |
04.24.08
MDC LOSS OF $73 MILLION DEEPER THAN EXPECTED
MDC Holdings loss deeper than expected
Denver, CO - U.S. home builder MDC Holdings Inc (MDC.N: Quote, Profile, Res [more] |
04.24.08
NEW HOME SALES FALL 8.5% TO LOWEST LEVEL IN 17 YEARS
New-Home Sales Fall to Low Last Seen in Early 1990s
The worst days of the housing slump may lie ahead. Buyers van [more] |
04.23.08
PULTE HOMES LOSS WIDENS TO $696M WITH WRITE DOWNS
Bloomfield Hills, MI - Pulte Homes announced today financial results for its first quarter ended March 31, 2008. For the [more] |
04.23.08
RYLAND HOMES CLOSINGS DOWN 33%, NEW ORDERS DOWN 28%
Cash balance of $213.3 million as of March 31, 2008;
Net debt-to-total capital ratio was 36.4 percent at March 31, [more] |
04.22.08
US GYPSUM REPORTS NEGATIVE 9.3% EBIT/SALES FOR 1ST QTR
Mission Viejo, CA - U.S. Gypsum reported a $48 million operating loss plus $12 million plant start up costs and $4 milli [more] |
04.22.08
USG INTERIORS EBIT/SALES DROPS FROM 15% TO 11% IN Q1
Mission Viejo, CA - Following improved operating performance to 15% EBIT/Sales during the 4th quarter of 2007, USG Inter [more] |
04.22.08
USG'S L&W FALLS TO LOSS DURING 1ST QUARTER
L&W Supply Gains Market Share, but Moves into an Operating Loss During January-March Quarter
Mission Viejo, CA - A [more] |
04.21.08
ADDITIONAL INSULATION ONE OF BEST WAYS TO SAVE ENERGY
Color Your Home Green This Earth Day: Adding insulation will help you stay cool, save energy and be earth-friendly
[more] |
04.21.08
HOMEBUILDER NVR BUCKS TREND WITH $43.5 MILLION PROFIT
In a quarter when other public builders are losing millions, NVR reported net income of $43.5 million, or $7.42 per dilu [more] |
04.16.08
ADDITIONAL MANUFACTURING RATIONALIZATION IN WALLBOARD
Wallboard Manufacturers Continue to Reduce Production and/or Shut Down Facilities To Maximize Efficiency of Networks Sim [more] |
04.16.08
CLARK/WESTERN OPENING 3RD SERVICES CENTER IN NORTHEAST
ClarkWestern™ Building Systems Opening New Engineering & Design Services Office in Portland, ME
The newest ClarkWe [more] |
04.16.08
CONSUMER INFLATION RUNNING AT 4% PACE
Washington DC - U.S. consumer prices rebounded in March on the back of rising oil prices, a government report showed, a [more] |
04.16.08
HOUSING STARTS PLUNGE 11.9% TO 17 YR LOW: PERMITS -5.8%
Housing starts plunge to a 17-year low & Pace of building new homes down 36.5% on year-over-year basis
Washington [more] |
04.15.08
FORECLOSURES SPIKE 57% IN MARCH ADDING TO HOUSING WOES
Foreclosure filings for March rocketed 57% from a year earlier and rose 5% from February, a foreclosure listing service [more] |
04.10.08
CLARK/WESTERN ADVANCES STEEL FRAMING COMPLIANCE EFFORTS
Open Letter to Drywall Framing Distributors and Contractors from Clark/Western:
Recently, the membership of the St [more] |
04.10.08
CONSUMER CONFIDENCE PLUNGES 15% TO 5 YR LOW IN MARCH
Consumer Confidence Falls 15% in March While Future Expectations Fall to a 35 Year Low
Washington DC -The Confere [more] |
04.10.08
FORECLOSURE RATES INCREASE WITH PEAK EXPECTED IN '09
Even as federal and state governments come under growing pressure to respond to the mortgage crisis, new data show that [more] |
04.09.08
SMALL BUSINESS CONFIDENCE FALLS TO 22 YEAR LOW
Small-Business Optimism Plunges
Small-business owners' confidence in the economy is plummeting, prompting cutbacks [more] |
04.04.08
UNEMPLOYMENT RATE JUMPS UP TO 5.1% IN MARCH
Construction Industry loses another 51,000 jobs in March.
Washington DC - A third-straight sharp drop in U.S. payr [more] |
04.03.08
CONCERNS ABOUT JOBS, UNEMPLOYMENT & CONFIDENCE MOUNT
Jobless Claims Surge in Latest Week Raising Concerns about Future Unemployment and Consumer Confidence
Washington [more] |
04.02.08
STEEL FRAMING PROVIDERS ANNOUNCE MORE PRICE INCREASES
Major Steel Framing Providers Announce More Price Increases in April with Escalating Steel Prices Expected Through June [more] |
04.01.08
CONSTRUCTION SPENDING FALLS IN FEB - 5TH MO OF DECLINE
Total construction spending decreased by 0.3% to a seasonally adjusted annual rate of $1.122 trillion, the Commerce Depa [more] |
04.01.08
DALLAS, TEXAS BASED BAV JOINS THE DRAKE GROUP
Mission Viejo, CA - BAV, Inc. based in Dallas, Texas became a new member/owner of The Drake Group LLC effective April 1, [more] |
04.01.08
TEXAS BUILDING SUPPLY JOINS THE DRAKE GROUP
Mission Viejo, CA - Texas Building Supply based in Denton, Texas became a new member/owner of The Drake Group LLC effect [more] |
03.30.08
SSMA DELAYS THIRD PARTY INSPECTION FOR DRYWALL FRAMING
Mission Viejo, CA - While the Steel Framing Manufacturing Association (SSMA) announced that they unamimously voted on Ma [more] |
03.29.08
SSMA TO START STRUCTURAL STEEL INSPECTIONS JAN 2009
Las Vegas, NV -- The membership of the Steel Stud Manufacturers Association voted unanimously today to instruct its Boar [more] |
03.28.08
KB HOME POSTS $268M LOSS WITH ORDERS DOWN 75%
KB Home Posts $268 Million Loss, Deliveries Down 43%, Orders Down 75% and Sees No Near-Term Improvement
KB Home sw [more] |
03.27.08
LENNAR REPORTS LOSS, ORDERS DOWN 57% & 26% CANCELATIONS
Lennar Swings to Loss On Write-Offs, Revenue Drop
Lennar Corp. swung to a fiscal first-quarter loss as valuation a [more] |
03.26.08
NATIONAL GYPSUM RELEASES HIGH PERFORMANCE SHEATHING
PROTECTION FROM THE ELEMENTS NOW COMES in Purple
National Gypsum Introduces Gold Bond® Brand e2XP™ Extended Exposu [more] |
03.26.08
NEW HOME SALES DOWN 1.3% TO 13 YEAR LOW
New-home sales fall to 13-year low with February's supply of new homes on the market stuck at 27-year high
Washing [more] |
03.26.08
SAINT-GOBAIN FORMS NEW STRATEGY COMMITTEE WITH WENDEL
Paris, France - A truce has broken out. The French building materials and glass conglomerate Saint-Gobain (note: Certain [more] |
03.25.08
CERTAINTEED INSULATION WINS VENDOR OF YEAR AWARD
CertainTeed Insulation Wins its First-Ever Drake Vendor of the Year Award
Valley Forge, PA – The Drake Group LLC, [more] |
03.25.08
HOME PRICES, CONFIDENCE & EXPECTATIONS ALL DROP
Home Prices' Steep Drop Continues, Consumer Confidence Fell in March, and Future Expectations sink to 35 year low.
[more] |
03.24.08
CERTAINTEED RELEASES MOISTURE & MOLD RESISTANT PANELS
CertainTeed Introduces New ProRoc(R) Moisture and Mold Resistant Gypsum Board with M2Tech Technology for Interior Walls [more] |
03.22.08
NEW SUPPLY ADDS TO TROUBLE IN CONDO MARKET
Woes in Condo Market Build As New Supply Floods Cities
The condominium market is about to get worse as many cities [more] |
03.21.08
QUIET SOLUTION FLOOR/CEILING GET UL RATINGS
QuietRock and QuietWood Sound-damped Floor/Ceiling Assembly Earns UL rating
Sunnyvale, CA - Quiet Solution (Serio [more] |
03.21.08
SUBS AND DEALERS FACE RISK OF HOME BLDR BANKRUPTCY
Mortgage Mess Hits Home For Nation's Home Builders
Delinquencies Rise,Hitting Local Banks; More Builders Facing Risk of [more] |
03.20.08
BUILDER CANCELATIONS NOW TOP 43%
For Home Builders, Cancellations Create Expensive Problem
New York, NY -Home builders just can't seem to shrink th [more] |
03.20.08
DETRICH'S FRAMING RESULTS IMPROVE TO -1.9% EBIT/SALES
Mission Viejo, CA - Within Worthington Industries latest results announcement Dietrich Metal Framing reported a $7.562 m [more] |
03.20.08
LEADING INDICATORS DECLINE AGAIN IN FEBRUARY
Leading Indicators Decline 0.3% in February (5th consecutive monthly decline), Lower Interest Rates Not Enough to Offset [more] |
03.20.08
WENDEL TO GET 3 SEATS ON ST-GOBAIN BOARD
Large and Increasing Shareholder of Saint-Gobain, Wendel, To Get Three Seats on Board of Directors. Saint Gobain is Par [more] |
03.18.08
CERTAINTEED EXTENDS WARRANTY FOR GLASROC(R) SHEATHING
CertainTeed Extends Long-Term Weather Exposure Warranty for GlasRoc(R) Embedded Glass Reinforced Gypsum Sheathing
[more] |
03.18.08
SINGLE FAMILY STARTS HIT 17 YR LOW & PERMITS SINK 7.8%
Washington DC - With no end in sight to the housing bust, new construction on single-family homes dropped by 6.7% in Feb [more] |
03.17.08
BUILDER SENTIMENT REMAINS VERY LOW BUT UNCHANGED IN MAR
Builder Confidence Unchanged in March
Builder confidence in the market for new single-family homes has remained un [more] |
03.15.08
LARGE VEGAS COMMERCIAL PROJECT GOES INTO FORECLOSURE
Continued Credit Crunch Drives Start of Foreclosure on Las Vegas Casino
Las Vegas, NV - The developer of the Cosmo [more] |
03.15.08
TOLL AND KB HOME VEGAS PROJECTS IN DEFALT
Two Las Vegas Projects in Default Dog Big Home Builders Toll Brothers and KB Home
Las Vegas, NV - Two massive hous [more] |
03.14.08
FED INVOKES DEPRESSION-ERA LAW FOR BEAR LOAN
Washington DC - Four Federal Reserve governors voted unanimously to approve a 28-day secured Fed loan facility to Bear S [more] |
03.13.08
ECONOMISTS NOW FORECASTING 1.11M HOUSING STARTS IN 09
Mission Viejo, CA - In one of the latest summaries of future housing starts the March economists survey estimates that h [more] |
03.10.08
FINALLY - A HIGH QUALITY TAPING TOOL RENTAL ALTERNATIVE
Finally - A comprehensive, high quality, alternative to Ames for RENTAL of Automatic Taping Tools. Goldblatt Tool Compa [more] |
03.07.08
A 2ND 10% WALLBOARD PRICE INCREASE ANNOUNCED FOR APRIL
Mission Viejo, CA - Following the most recent February 2008 price increase efforts, major wallboard manufacturer(s) have [more] |
03.07.08
UNEMPLOYMENT DROPS TO 4.8% - BUT LOSS OF JOBS CONTINUES
Economy loses over 100,000 non-farm and non-government jobs in February following bigger than previously reported declin [more] |
03.06.08
HOME FORECLOSURES HIT RECORD HIGH IN 4TH QTR '07
Home Foreclosure Hit Record High in 4th Quarter of 2007 Which Will Add to the Over 10 Month Supply of Homes on the Marke [more] |
03.04.08
COMMERCIAL SLOWS WITH SOME EXPECTING 15%-26% DECLINE
Washington DC - Cracks are starting to show in commercial construction.
For the second month in a row, the Commerc [more] |
03.04.08
CRH'S ALLIED REPORTS LOWER 5.3% EBIT/SALES IN 2007
Mission Viejo, CA - Within CRH's full year results announcement it was reported that America's Distribution (i.e. primar [more] |
03.03.08
CONSTRUCTION SPENDING DECLINES AGAIN - DOWN 1.7% IN JAN
Washington DC - The Commerce Department reported construction spending decreased by 1.7% at a seasonally adjusted annual [more] |
03.01.08
CARAUSTAR POSTS ANOTHER LOSS IN PAPER
Caraustar Industries Reports 4th Quarter and Full Year Loss Which Includes Wallboard Paper Segment.
New York, NY [more] |
02.29.08
ARMSTRONG CEILINGS REPORTS 14.5% EBIT/SALES
Mission Viejo, CA - Armstrong Ceilings (i.e. Building Products) adjusted profit increased 22% over prior year with $46.6 [more] |
02.29.08
NO DEAL: ARMSTRONG OFF THE MARKET FOR NOW
Lancaster, PA - No deal: Armstrong not for sale. Company off the market after year of uncertainty, speculation. Will pay [more] |
02.29.08
OWENS CORNING REPORTS 12.1% EBIT/SALES IN Q4
Mission Viejo, CA - Owens Corning recently reported $55 million operating profit on $454 million income in thier core In [more] |
02.28.08
JAMES HARDIE REPORTS 16.8% EBIT/SALES IN DIFFICULT MKT
James Hardie today announced a US$34.1 million net operating profit, excluding asbestos and impairment of the Blandon, P [more] |
02.28.08
RECENT FORECLOSURES RUNNING 72% HIGHER THAN PRIOR YEAR
Mission Viejo, CA - In January 2008 there were 233,001 foreclosures filed which is 57% higher than last year. January's [more] |
02.27.08
NEW HOME SALES DIP TO 13 YEAR LOW
New home sales across the country have dipped to their lowest levels in nearly 13 years.
A new U.S. Census Bureau [more] |
02.27.08
TOLL BROTHERS POSTS $96M LOSS W/WRITE DOWNS
Toll Brothers Inc. Wednesday said it swung to a loss in its fiscal first quarter amid further write-downs fueled by the [more] |
02.26.08
CONSUMER CONFIDENCE PLUNGES 14% TO 14 YEAR LOW
Job Worries Sink Consumer Confidence
New York, NY - Consumer confidence plunged in February as Americans worried [more] |
02.26.08
HOME DEPOT AND LOWES EARNINGS DOWN 27% AND 33%
Atlanta, GA - Home Depot Inc.'s fiscal fourth-quarter net income fell 27% as same-store sales slumped and the company fo [more] |
02.26.08
OBAMA TALKS ABOUT JOBS AT NATIONAL GYPSUM OH PLANT
Lorain, OH — Lorain County has been hit hard by America’s economic downturn and Barack Obama knows it.
The preside [more] |
02.25.08
HOUSING STARTS AROUND 1 MILLION REMAIN FLAT
Housing Starts Remain Virtually Flat in January. Permits down 3% to 16 year low.
Washington DC - Total housing st [more] |
02.23.08
NATIONAL GYPSUM & CERTAINTEED INSULATION WIN '07 HONORS
NATIONAL GYPSUM COMPANY & CERTAINTEED INSULATION WIN DRAKE GROUP 2007 CORE VENDOR OF THE YEAR HONORS
Mission Viej [more] |
02.23.08
TOOLS FOR TRADES & GRABBER WIN 2007 HONORS
TOOLS FOR TRADES & GRABBER CONSTRUCTION PRODUCTS WIN DRAKE GROUP SUPPORTING VENDORS HONORS FOR 2007
Mission Viejo, [more] |
02.20.08
KOCH, GP AND TEMPLE-INLAND IN THE NEWS
Temple-Inland frontrunner in bid for Weyerhaeuser’s containerboard business, but Georgia-Pacific could have Temple-Inlan [more] |
02.19.08
NATIONAL GYPSUM ENTERS CEMENT BOARD JV IN MEXICO
Charlotte, NC - National Gypsum Company, headquartered in Charlotte, NC, announced today it has entered a joint venture [more] |
02.15.08
STEEL COSTS CONTINUE TO RISE
Steel Prices Continue to Rise as Raw-Material Costs Keep Going Up
Hit by higher costs and strong demand world-wide [more] |
02.14.08
DISTRIBUTOR BLUELINX LOSES $34M ON $779M SALES Q4
BlueLinx Holdings Q4 Net Loss Widens; Names Doug Goforth To Succeed Lynn Wentworth As CFO
Atlanta, GA - BlueLinx H [more] |
02.14.08
LAFARGE GYPSUM REPORTS NEGATIVE 30% EBIT/SALES Q4
Mission Viejo, CA - Within today's full year 2007 results announcement Lafarge (Paris) announced that their North Americ [more] |
02.14.08
MORE INDICATIONS OF SLOWING COMMERCIAL SEGMENT
Commercial Building Boom Softens, Spending Ebbs as Troubles On Residential Side Spread
For the past several years, [more] |
02.13.08
PULTE CHAIRMAN FILES TO SELL SOME COMPANY STOCK
Bloomfield Hills, MI - Pulte Homes Inc. said late Monday Chairman William J. Pulte has filed with the Securities and Exc [more] |
02.12.08
THINGS REMAIN QUIET ON POTENTIAL SALE OF ARMSTRONG
Armstrong still for sale, Deal is harder after 1 year. Lancaster New Era, By Tim Mekeel
Lancaster, PA - One year a [more] |
02.08.08
QUIET SOLUTION SHIPS ONE MILLIONTH QUIETROCK PANEL
Quiet Solution Ships 1,000,000th QuietRock Panel to Joie de Vivre Hotels; Continues Leadership Position in High Performa [more] |
02.07.08
D.R.HORTON LOSES $129 MILLION, BACKLOG DOWN 52%
Homebuilder D.R. Horton Inc. swung to a fiscal first-quarter loss amid a further $245.5 million in inventory and land ch [more] |
02.07.08
MDC REPORTS $281M LOSS IN LATEST QUARTER
MDC Holdings took a big hit in the fourth quarter, with a much higher loss and EPS, and lower revenue than in the year-a [more] |
02.06.08
IMPROVED STEEL FRAMING PRICING POLICIES POSSIBLE
Mission Viejo, CA - In addition to higher Steel Framing Costs and Focus on Industry Compliance (i.e. all material meetin [more] |
02.06.08
TEMPLE GYPSUM REPORTS 26% LOWER VOLUMES FOR 2007
Mission Viejo, CA - Within Temple Inland's fourth quarter and full years results announcement it was reported that Temep [more] |
02.06.08
TOLL COMMENTS ON SALES, CANCELATIONS, WRITE DOWNS, ETC.
Toll Has Seventh Straight Drop in Quarterly Revenue
Toll Brothers Inc., the largest U.S. luxury homebuilder, repor [more] |
02.03.08
INVESTMENT FIRM INTERESTED IN CHAPTER 11 TREND HOMES
Investment Group To Buy Trend Homes - Sale of Arizona builder is contingent on bankruptcy court approving Chapter 11 reo [more] |
02.01.08
STEEL FRAMING UP ADDITIONAL 15% IN MARCH
Steel Framing Costs Could Rise Another 15% As Early As March '08.
Mission Viejo, CA - With domestic steel mills a [more] |
02.01.08
UNEMPLOYMENT DROPS TO 4.9% BUT #JOBS DROPS BY 17,000
Payrolls Unexpectedly Decline, Increasing Odds of Recession; Construction jobs down by 27,000 (construction has lost ap [more] |
01.31.08
FED AGGRESSIVELY CUTS INTEREST RATES ANOTHER 1/2%
Fed Moves to Curb Risk of Recession Central Bank Lowers
Target Rate by Half Point, Open to Further Cuts
Seeking [more] |
01.31.08
JOBS & CONSUMER CONFIDENCE KEYS TO '08 RECESSION RISK
With the U.S. economy technically very close to recession, today's report of higher unemployement claims should be a maj [more] |
01.30.08
CALIFORNIA SUES DRYWALL CONTRACTOR RE OVERTIME PAY
Calfornia Sues Drywaller For Denying Employee Overtime Pay, Breaks
California Attorney General Edmund G. Brown Jr [more] |
01.30.08
CENTEX HOMES LOSS WIDENS TO $975M ON MORE WRITE DOWNS
Dallas, TX - Home builder Centex Corp. posted a fiscal third-quarter loss that was more than four times wider than a yea [more] |
01.30.08
EAGLE REPORTS $12 MILLION GYPSUM PROFIT IN TOUGH MARKET
Mission Viejo, CA - Eagle's (American Gypsum wallboard plus paperboard) positive $11.974 operating profit during the dif [more] |
01.30.08
HOME BLDR NVR DOWN 50% BUT STILL REPORTS A PROFIT
NVR 4Q Profit Falls by Half
Reston, VA - Homebuilder and mortgage banker NVR Inc. said Tuesday fourth-quarter earn [more] |
01.30.08
PULTE HOMES LOSS WIDENS TO $875M ON MORE WRITE OFFS
UPDATE: Pulte Homes 4Q Loss Widens to $874.7 Million On Land Charges
Pulte Homes Inc.'s (PHM) fourth-quarter net l [more] |
01.29.08
ANOTHER HOME BUILDER FILES FOR BANKRUPTCY
Homebuilder Tousa Files For Chapter 11 Protection
Homebuilder Tousa Inc., hit hard by a sharp downturn in the U.S. [more] |
01.29.08
CONSUMER CONFIDENCE & EXPECTATIONS SLIDE IN JANUARY
Consumer confidence falls in January Index tumbles after posting a modest gain in December. Short-term outlook turns ble [more] |
01.29.08
SOME HOME PRICES DOWN 10% OR MORE VS LAST YR ALREADY
Home Prices Decline at Record Rates with Some Markets like Miami, Las Vegas, San Diego and Detroit Down 10% or More Alre [more] |
01.29.08
US GYPSUM $74M 4TH QTR LOSS HIGHLIGHTS COST/PRICE ISSUE
Mission Viejo, CA - The continued decline in new residential demand and wallboard prices when combined with higher costs [more] |
01.29.08
USG INTERIORS PERFORMANCE IMPROVES TO 15% EBIT/SALES
Mission Viejo, CA - With a 24% increase in Ceiling sales from their L&W Supply Distribution Subsidiary, USG's USG Interi [more] |
01.29.08
USG'S L&W DELIVERS SOLID 4.4% EBIT/SALES PERF IN Q4
Mission Viejo, CA - Following third quarter '07 EBIT/Sales performance of 3.6%, USG's L&W Supply distribution subsidiary [more] |
01.28.08
NEW HOME SALES DOWN 40% IN 2007 FROM '05 PEAK
New home sales: Biggest drop ever
Weak December sales caps 2007's record slide, with prices for the month off sharply f [more] |
01.25.08
FIXED RATE MORTGAGES PLUMMET TO FOUR YEAR LOW
Lower Home Prices Combined with the Lowest Fixed Rate Mortgages in the last Four Years May be Bringing Home Buyers Back [more] |
01.24.08
LENNAR LOSS WIDENS TO $1.25 BILLION IN Q4 ON LAND LOSS
Lennar's Loss Widens to $1.25 Billion in the September-November 2007 Quarter on Land Sales. New Home Orders Fall 51%.
[more] |
01.24.08
ST-GOBAIN '07 GYPSUM EBIT/SALES 13.9% & LOWER PROFIT
Mission Viejo, CA - Within today's press release Saint-Gobain (CertainTeed Gypsum and CertainTeed Insulation in the U.S. [more] |
01.23.08
MERRILL LYNCH FORECASTING 25% HOME PRICE DECLINES
Housing prices to free fall in 2008 According to a Merrill Lynch report, home prices will drop 15 percent this year, 10% [more] |
01.22.08
FEDERAL RES MAKES DRAMATIC 3/4% DROP IN FED FUNDS RATE
Fed Cuts Key Interest Rate As Recession Fears Well Up
Washington DC - The Federal Reserve, confronted with a globa [more] |
01.17.08
CREDIT CRUNCH NOW HITTING COMMERCIAL SEGMENT TOO
Las Vegas Default Highlights Commercial-Property Crunch
The credit crunch that roared through the residential real [more] |
01.17.08
HOUSING STARTS PLUNGE 14% TO 16 YEAR LOW IN DEC '07`
Housing Starts Plunge 14%, Marking Lowest Level Since 1991
Washington DC - Home construction plunged in December, [more] |
01.17.08
KNAUF BUYS ADDITIONAL 289,900 SHARES OF USG JAN 15-16
Mission Viejo, CA - Recent SEC documents reveal that Knauf purchased another 289,900 shares of USG on January 15th and J [more] |
01.16.08
HACKER RELEASES NEW UNDERLAYMENT FOR STEEL FRAMED CONST
HACKER INDUSTRIES, INC. RELEASES A NEW POURED FLOOR UNDERLAYMENT FOR LIGHT-GAUGE STEEL FRAME CONSTRUCTION
Newport [more] |
01.15.08
JUST WHEN HOUSING MAY BOTTOM - RECESSION RISK LOOMS
Greenspan Sees U.S. as Likely In Recession, or Soon to Be
The U.S. is probably in or about to enter a recession, f [more] |
01.14.08
KNAUF BUYS ADDITIONAL 109,430 SHARES OF USG
Mission Viejo, CA - Recent SEC documents reveal that Knauf purchased another 109,430 shares of USG on January 10th and J [more] |
01.09.08
KNAUF INCREASING USG SHARE PURCHASES AS PRICE DECLINES
Mission Viejo, CA - With numerous purchases over the last couple of months in the $35-$36 per share range, recent SEC do [more] |
01.09.08
STEEL FRAMING COSTS EXPECTED TO RISE FIRST HALF OF '08
Mission Viejo, CA - Due to 1) Rising cost from steel mills 2) some lost production and 3) lack of and/or underperforming [more] |
01.08.08
KB HOMES HEMORHAGES $773 MILLION LOSS IN 4TH QUARTER
KB Home, which has been battered by the weak housing market, posted a wide quarterly loss as sales sank and the company [more] |
01.08.08
TOLL BRO DIRECTOR SELLS SHARES NEAR YEAR LOW
Washington DC - Reuters) - A director at luxury home building Toll Brothers Inc (TOL.N: Quote, Profile, Research) recent [more] |
01.07.08
KNAUF BUYS ADDITIONAL 254,800 SHARES OF USG
Mission Viejo, CA - Recent SEC documents reveal that Knauf purchased another 254,800 shares of USG on January 3rd and Ja [more] |
01.07.08
NEGWER MATERIALS COMPLETES ACQUISITION IN ARKANSAS
Mission Viejo, CA - Negwer Materials, based out of St. Louis, MO recently completed the strategic acquisition of ASCO Do [more] |
01.07.08
OFFICE VACANCY RATE RISES FOR FIRST TIME IN 4 YEARS
For the first time in four years, the national vacancy rate for office buildings rose in the fourth quarter, as an unusu [more] |
01.04.08
UNEMPLOYMENT RISES TO 5.0% - CONST DOWN 49,000 JOBS
Washington DC - U.S. employment posted its smallest increase in over four years last month as the housing downturn conti [more] |
01.04.08
WESTSIDE COMPLETES ACQUISITION OF EXPO BLDG MATERIALS
Anaheim, CA - Westside Building Materials Corp., headquartered in Anaheim, CA is pleased to announce that it has complet [more] |
01.03.08
KNAUF BUYS ADDITIONAL $10.875 MILLION OF USG STOCK
Mission Viejo, CA - Recent SEC documents reveal that Knauf purchased another 301,600 shares of USG between December 31st [more] |
01.03.08
LENNAR EXECUTIVE SELLS SHARES NEAR 52 WEEK LOW
A vice president of Lennar Corp. sold 30,000 shares of common stock Thursday, a Securities and Exchange Commission Form [more] |
01.03.08
RESIDENTIAL SPENDING DOWN 17.5% VS. PRIOR YEAR NOVEMBER
A key measure of U.S. manufacturing contracted sharply in December, in a sign that recent strength in export-related bus [more] |
01.03.08
STUDY SUGGESTS HOME PRICES MAY FALL ADDITIONAL 15%
Home Prices Must Fall Far To Be In Sync With Rents
U.S. house prices "likely would have to fall considerably" to r [more] |
01.02.08
NAHB CAUTIOUSLY PREDICTS HOUSING BOTTOM BY MID 2008
The National Association of Homebuilders (NAHB) is forecasting that the housing market could reach bottom by the second [more] |
01.01.08
BADGERLAND SUPPLY JOINS THE DRAKE GROUP
Mission Viejo, CA - Badgerland Supply, Inc based in Madison, Wisconsin became a new member/owner of The Drake Group LLC [more] |
01.01.08
DRYWALL SUPPLY JOINS THE DRAKE GROUP
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