Derby appoints western regional sales manager
Derby Building Products, manufacturer of the Tando and Novik brands of exterior cladding products, has appointed Michael Caputo as western regional sales manager.
A resident of Laguna Hills, Calif., Caputo will oversee the expansion of Tando and Novik brands of shake and stone and help support distributors and dealers in the western region, the Quebec City, Quebec-based company said.
Caputo has 18 years of sales experience in the building products market and has served as senior director of channel sales for Ares Corp, and had management roles with Louisiana Pacific, CPG (AZEK and TimberTech) and Ward Manufacturing/Hitachi. He will report to Mitch Cox, senior vice president of sales.
“As we continue to invest in our people and innovative brands, we are setting the stage for accelerating our growth for our distributors, dealers and installers,” said Ralph Bruno, president of Derby Building Products. “Mike is an excellent choice to help us lead the Tando and Novik brands into the Western Region.”
NAHB opposes Republican tax plan
The National Association of Home Builders announced its opposition to the tax plan written up by Republican members of the House Ways and Means Committee.
A statement from the National Association of Home Builders’ Granger MacDonald, the group’s chairman and homebuilder from Kerrville, Texas, expressed disappointment in the absence of a meaningful home ownership tax credit in the proposal.
In a statement released Monday morning, MacDonald wrote:
“NAHB worked closely with leaders of the House Ways and Means Committee to develop a better homeownership tax incentive that will ensure the middle class – not the wealthy – benefits. Last week, it appeared that we had a deal that would establish a meaningful homeownership tax credit that would benefit tens of millions of households. Unfortunately, we were told by the House leadership that the credit will be removed from the bill."
The statement follows recent statements from the NAHB that supported the idea of dropping its support for the Mortgage Interest Deduction, so long as home ownership incentives remained in place.
Read MacDonald’s full statement on the Republican tax plan here.
HBSDealer Stock Watch: Friday’s mixed closing
There were winners and losers Friday on the HBSDealer Stock Watch. CENT and BXC led the gainers, up 2.43% and 1.68%, respectively. The biggest decliners were SHLD, down 5.12%, and LPS, down 2.04%.