McCoy’s and Home Lumber honored
San Marcos, Texas-based McCoy’s Building Supply and Bishop, Calif.-based Home Lumber will be recognized by Home Channel News as 2009 Pro Dealers of the Year during the ProDealer Industry Summit Oct. 7 to 9 in Phoenix.
Operating 84 units in four states, McCoy’s Building Supply is the largest pro dealer on the 2009 HCN Top 500 Scoreboard to show an increase in sales — the company’s 2008 revenue increased 7.4% to $608 million. McCoy’s recently unveiled a new headquarters in San Marcos, a move that reflects long-term confidence in the industry.
Bishop, Calif.-based Home Lumber represents a case of a business that was sold, nearly closed for good, then brought back from extinction by former management. Principals Brent Johnson and Randy Smith have learned to operate effectively in a strong, second-home custom-building market. The single-unit dealer will receive the Independent Pro Dealer of the Year award.
Jointly sponsored by the National Lumber and Building Material Dealers Association (NLBMDA) and Home Channel News, the ProDealer Industry Summit will be held Oct. 7 to 9 at the Arizona Biltmore. Political analyst Pat Buchanan will deliver the keynote address, and other featured speakers include Yelena Takhtamanova, a Federal Reserve economist; Michelle Desiderio, director of the Green Building Programs for the NAHB Research Center; and Stan Smith, a Gen Y expert from Deloitte Consulting.
Mixed results from August starts data
The streak is over.
For five months, single-family housing starts showed steady increases from February’s record low of 357,000, a seasonally adjusted annual rate. The latest figure released this morning from the Department of Commerce show single-family starts stood at 479,000, down 3.0% from the revised July figure.
There were some positive numbers also. Total starts increased 1.5% to a rate of 598,000. And total building permits increased 2.7% to a seasonally adjusted annual rate of 579,000, the highest figure since November.
Compared with year-ago figures, residential construction continues to reflect challenge for the trade. Total starts are down 32.4% compared with August 2008, and single-family starts are down 21.7%.
Looking at the four regions of the country, the Midwest was the only region to show month-to-month increases in both total starts (up 0.9%) and single-family starts (up 7.1%). On the other side of the coin, the South was the only region to show declines in both total starts (down 2.4%) and single-family starts (4.9%).
Sears elects Kunkler to board
Hoffman Estates, Ill.-based Sears Holdings Corp. has announced the election of William Kunkler to membership on its board.
Kunkler, 52, is the executive VP operations of CC Industries, a private equity firm focused on manufacturing companies and real estate investments.
“We are pleased to add the strong business acumen and experience of William Kunkler to our board of directors. As Sears Holdings continues the work of transforming and strengthening our company, we look forward to his leadership and contributions,” said chairman of Sears Holdings, Edward Lampert.
Kunkler has more than 30 years manufacturing industry experience and also serves as a director of Envestnet Asset Management, a financial services company; NIBCO, a manufacturer of valves and fittings; and Northwestern Memorial Foundation. He is a trustee and chairman of the board for the Brookfield Zoo, a trustee of the Field Museum of Natural History and a trustee of Loyola University.