LUMBERYARDS

Chinese exhibitors coming to Builders’ Show

BY HBSDEALER Staff

The National Association of Home Builders (NAHB) and a Chinese trade group have signed a major exhibition agreement that will bring a large number of additional manufacturers and products to the annual NAHB International Builders’ Show in Las Vegas in January 2013.

A formal signing ceremony was held April 19 in Foshan, China, between officials from the China Building Ceramics & Sanitaryware Association and NAHB’s immediate past chairman Bob Nielsen, a home builder and developer in Reno, Nev., and Mark Pursell, NAHB senior VP for exhibitions, marketing and sales.

The Chinese vendors are primarily manufacturers of kitchen and bathroom fixtures, tile finishes and other related products for the residential construction industry.

The two NAHB leaders also gave presentations to the China Hardware Association, the China Real Estate Chamber of Commerce and to Beijing Helivue, NAHB’s trade representative in China. 

 

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May-25-2012 05:28 am

With the dip in the overall
With the dip in the overall global real estate business it presents buyers with a great chance to purchase property at attractive pricing. China and India along with other Asian countries are great markets to invest in.

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May-21-2012 11:41 am

The Island vendors, are
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May-15-2012 02:39 pm

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A formal signing ceremony was held April 19 in Foshan, China, between officials from the China Building Ceramics & Sanitaryware Association and NAHB's immediate past chairman Bob Nielsen, a home builder and developer in Reno, Nev., and Mark Pursell, NAHB senior VP for exhibitions, marketing and sales. mallorca property

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D.Norton says:
Apr-26-2012 10:01 pm

Nice, maybe they'll bring
Nice, maybe they'll bring some dry wall with them:-)

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LUMBERYARDS

Sales jump during Q1 at Builders FirstSource

BY Ken Clark

Dallas-based pro dealer Builders FirstSource reported sales of $219.4 million for the first quarter of 2012, an increase of 34.7% compared with the same quarter of 2011. The increase was primarily due to increased sales volume as commodity prices for lumber and lumber sheet goods were, on average, comparable over these same periods, according to the company.

Net loss for the first quarter, which ended March 31, 2012, was $19.2 million, compared with a net loss of $21.2 million in the corresponding quarter a year ago.

“This marks our third consecutive quarter with year-over-year sales growth greater than 20%,” said Builders FirstSource CEO Floyd Sherman. “Our sales growth continues to outpace construction activity as actual U.S. single-family housing starts. Commodity lumber prices for the current quarter were, on average, relatively consistent with those during the first quarter of 2011. When combined, these factors indicate we continue to achieve significant market share gains.”

“We are very encouraged by our first-quarter results and expect the momentum we have gained to continue to reflect positively on our 2012 financial results,” Sherman continued. “We remain optimistic about the long-term health of our industry and our ability to position the company to take advantage of further improvements in housing. The recently announced opening of our Jarrell, Texas, distribution facility and our entry into the greater Austin market is a perfect example of our optimism and positioning of the company for continued growth.”

Builders FirstSource operates 52 distribution centers and 44 manufacturing facilities in nine states, principally in the southern and eastern United States.

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May-19-2012 04:01 am

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Remodeling expected to rise almost 6%

BY HBSDEALER Staff

Spending on renovations should experience “healthy growth” in 2012, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. In their quarterly forecast, called the Leading Indicator of Remodeling Activity (LIRA), the researchers pointed to stronger pending home sales and continuing low interest rates as contributors to an expected 5.9% rise in spending on home remodeling projects this year.  

“Hopefully, we’re finally moving beyond simple volatility in the home improvement spending numbers to a period of sustained growth,” said Eric Belsky, managing director of the Joint Center.  “The recent upturn we’ve seen in home sales should translate into more remodeling activity later this year.”

Kermit Baker, director of the Remodeling Futures Program at the Joint Center, added: “Unusually mild weather this past winter in many parts of the country accelerated the pace of homebuilding and home improvement activity. This may produce a brief pause in remodeling activity this quarter, but then a strengthening economy should provide a foundation for continued growth moving forward.”

 

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May-19-2012 06:06 am

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How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?