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New Home Sales Rise 6.1% in February
Wallboard Dealer Foundation Building Materials Goes Public
Foundation Building Materials (FBM), which describes itself as the nation's No. 2 dealer in wallboard and suspended ceilings--began public trading of its shares today. The move shines a on a private firm that has seen its revenues rise 10-fold in less than four years to reach $1.4 billion in sales and 210 branches in the U.S. and Canada. That's easily enough to make it likely FBM will join this year's ProSales 100 as a top 10 firm.
Architecture Billings Index ends year on positive note
Architecture firms close 2016 with the strongest performance of the year For immediate release: Washington, D.C. – January 18, 2017 –The Architecture Billings Index (ABI) concluded the year in positive terrain, with the December reading capping off three straight months of growth in design billings. 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 December ABI score was 55.9, up sharply from 50.6 in the previous month. This score reflects the largest increase in design services in 2016 (any score above 50 indicates an increase in billings). The new projects inquiry index was 57.2, down from a reading of 59.5 the previous month.
Gypsum Association Revises Five Technical Documents
Late in 2016, the Gypsum Association (GA) released five revised technical documents. GA-220-2016 Gypsum Board Winter Related Installation Recommendations; GA-223-2016 Gypsum Panel Products, Types, Uses, and Standards; GA-226-2016 Application of Gypsum Board to Form Curved Surface; GA-234-2016 Control Joints for Fire Resistance Rated Systems, and GA-338-2016 Guidelines for Prevention of Mold Growth on Gypsum Board have been updated to reflect current best practices. As a service to the design and construction community, these documents, and more than thirty additional technical documents, are available for free download through the GA Bookstore.
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.
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.
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.
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.”
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.”