Eco Building Products announces licensing agreement for Smart Components
Vista, Calif.-based Eco Building Products (ECOB) has announced an agreement with Trussed Inc. to produce patented Smart Components exclusively with Red Shield protection in Southern California. Under the agreement, ECOB has licensed rights to Trussed’s proprietary design software package and patented technology, and executed a supply agreement.
Smart Components are prefabricated/engineered wall components replacing shear walls for seismic movement in wood-framed buildings. Eco Red Shield protects lumber with chemical solids that control moisture and protect the wood from mold, fire, termites and wood rot.
"I am extremely excited to have Eco Building Products as a licensee of our Smart Components technology,” said Jerry Vulgaris, president of Trussed. “Utilizing their Red Shield-protected lumber to deploy our technology is a perfect complement to our product line."
West Fraser to sell Eurocan site
Canadian-based wood products company West Fraser has announced it will sell its Eurocan site in Kitimat, B.C., and related assets to KM LNG Operating General Partnership. The completion of the sale is expected later in 2011.
“Further to the earlier agreement to sell the wharf to Rio Tinto Alcan Inc., we are pleased to announce the sale of the site to KM LNG, an industrial consortium led by Apache Canada Ltd,” said Hank Ketcham, West Fraser’s chairman, president and CEO.
West Fraser has operations in western Canada and the southern United States.
NAHB is encouraged by June housing data
Nationwide housing starts rose 14.6% to a seasonally adjusted annual rate of 629,000 units in June, according to the latest residential construction report from the U.S. Commerce Department. This was the highest pace of housing production since the beginning of the year, and was attributable to significant gains registered in both the single-family and multi-family segments, as well as every region of the country.
"Today’s numbers are an encouraging sign that builders are responding to improving consumer interest in new homes and apartments by gradually replenishing their extremely thin inventories in places where demand is evident," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "That said, the lack of access to construction credit remains an impediment to starting new projects and getting building crews back to work in markets that are improving."
Single-family housing starts posted a 9.4% gain to a seasonally adjusted annual rate of 453,000 units in June, their best pace since November of 2010. Meanwhile, multi-family starts, which tend to display greater volatility on a month-to-month basis, gained a dramatic 30.4% to a rate of 176,000 units — their best pace since January.
"The latest housing production figures show broad-based gains on both the single-family side and in multi-family apartment construction, where we know that demand has been increasing due to the influx of renters in the market," said NAHB chief economist David Crowe. "Going forward, we expect to see a gradual upward trend in new-home production through the end of this year as consumers begin taking advantage of the buyers’ market, though not without some bumps along the way."