At construction conference: recovery
The title of the conference was “The Recovery Has Started,” and the title will tell you a lot about the tone of the 2012 Building and Infrastructure Conference presented by merger-and-acquisition specialists Lincoln International and L.E.K. Consulting.
Keynote speaker John Burns, CEO of John Burns Real Estate Consulting, described himself as bullish on housing and construction industries. He pointed to 20% gains in total permits and single-family housing starts. He alluded to the power of pent up demand. And even though the rate of delinquent mortgages is running at about 11.9%, that figure seems more manageable when one considers that it’s only 6.2 percentage points higher than any normal year, he said.
Add to that analysis a forecast for distressed sales as a percentage of all home sales to begin declining after 2012, then you have a bullish outlook.
Lending his voice to the chorus of recovery was L.T. Gibson, president and CEO of US LBM Holdings, which operates in eight Northeast and Midwest states. “In our markets, we saw quite a bit of improved activity this year,” he said, in a panel discussion about the near term M&A outlook. “More importantly, what we’re seeing going into the fall and spring with our order patterns is cause for continued optimism.”
With single-family starts heading toward a 500,000 plus in 2012, Gibson is looking for another 15% to 20% increase in single-family starts in 2013.
U.S. LBM Holdings was created in late 2009 and has since acquired eight LBM dealers, allowing each to maintain its locally known brand name. Gibson said the company continues to look for new acquisitions.
Parr Lumber adds Portland showroom
Parr Lumber will open its latest window and door showroom on Oct. 8 in Portland, Ore. Called Aloha Window and Door, the 2,900-sq.-ft. design center will feature each of the three top window types, vinyl, fiberglass and wood. The vinyl windows feature Jeld-Wen, Milgard, Cascade and Ply-Gem. Fiberglass windows include Marvin Integrity and Milgard and the wood windows include Jeld-Wen, Marvin and Andersen.
The door selection includes a fiberglass door made in the USA. by Therma-Tru and a door line manufactured locally in Washington State by Simpson.
Headquartered in Hillsboro, Ore., Parr Lumber operates 38 facilities in Oregon, Washington and Arizona, including pro/retail building material yards, contractor focused facilities and cabinet design centers.
Kleer Lumber receives green certification
Kleer Lumber, a maker of cellular PVC trim products for residential construction, is now eligible to receive points under the National Green Building Standard Certification system administered by the NAHB Research Center.
The products qualify under “Termite-resistant materials are used in portions of the building” and “Building materials/assemblies do not require additional site applied material for finishing.” Kleer’s trimboard is manufactured from cellular PVC to look and feel like painted wood but is highly resistant to termites; therefore, it can be installed in direct contact with the ground, according to the manufacturer.
Headquartered in Westfield, Mass., Kleer’s flagship product, Kleer’s trimboard, features pre-consumer recycled content certification from Scientific Certification Systems (SCS). Kleer Lumber also offers PVC decking, moldings, sheets and accessories, including adhesives and fasteners.