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Benjamin Obdyke names new executive

BY HBSDEALER Staff

Benjamin Obdyke has named Tara Murray as its new marketing manager, reporting directly to general manager Michael Coulton. In her new position, Murray will be responsible for the development and implementation of marketing plans supporting all Benjamin Obdyke existing and new products.

Murray comes to the company from CertainTeed Corp., where she worked in the ceilings division and held posts of increasing responsibility in product marketing and marketing communications. She began her career with the print and digital design services agency Warkulwiz Design Associates.

Based in Horsham, Pa., Benjamin Obdyke is a manufacturer of roof and wall products for the residential and commercial construction markets.

 

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Owens Corning reports positive full-year results

BY HBSDEALER Staff

Toledo, Ohio-based Owens Corning reported full-year consolidated net sales of $5.0 billion, up 4% from net sales of $4.8 billion in 2009. Net earnings totaled $933 million, compared with net earnings of $64 million in 2009.

The company reported a fourth-quarter net loss of $110 million, compared with a net loss of $21 million in the same period in 2009. Fourth-quarter 2010 adjusted earnings were $29 million, up from $1 million in the year-ago period.

For the full financial report, click here.

 

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January housing starts rise 14.6%

BY HBSDEALER Staff

Residential construction showed a rebound in January as housing starts improved to a pace of 596,000 — a 14.6% increase over the downwardly revised December pace of 520,000.

Compared with a year ago, total starts are down 2.6%, according to the Department of Commerce residential construction report released Wednesday.

Still, single-family starts showed a 1.0% decline to a seasonally adjusted annual rate of 413,000.

The single-family pace is the lowest since May 2009.

Building permits also presented a discouraging picture. Privately owned housing units authorized by building permits in January were at a pace of 562,000 — that’s 10.4% below the revised December rate, and 10.7% below the January 2010 estimate. 

On a regional basis, the statistics were mixed. In total starts, the Northeast was up 41.8% compared with December and up 11.4% compared with January 2010. But the region showed double-digit declines in single-family starts.

The Midwest showed the strongest month-over-month single-family housing starts increase: up 25.5%. 

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