PEOPLE IN THE NEWS: Dewayne Williams and Martin Ketelaar
Houston-based Quanex Building Products has announced the appointments of Dewayne Williams and Martin P. Ketelaar as corporate officers.
Williams was named VP and corporate controller, effective July 1. He will be responsible for all internal and external financial accounting and reporting functions. Williams was previously VP, corporate controller, chief accounting officer and assistant treasurer for Complete Production Services, an oilfield service provider.
Ketelaar, who joined Quanex in September 2012 as VP investor relations and corporate communications, has been appointed treasurer. He will be responsible for all banking, cash management and risk management functions, in addition to his current duties. Before joining Quanex, Ketelaar was VP investor relations and assistant treasurer at The ServiceMaster Co.
"I would like to welcome Dewayne to the Quanex family and look forward to his contributions. I also congratulate Marty on his new position and additional responsibilities as Quanex continues to grow its position in the building products sector," said senior VP finance and chief financial officer Brent L. Korb. "As our markets improve, I am more confident than ever in the strength and abilities of our leadership team."
Quanex Building Products is a manufacturer of engineered products and components, serving the energy-efficient building products markets.
Survey: Building material shortage could dampen housing recovery
According to recent surveys by the National Association of Home Builders and the National Lumber and Building Material Dealers Association, home builders and lumber dealers are experiencing significant shortages in building materials, a supply constraint that threatens to hamper recent gains in the housing market recovery.
This report comes amid promising May figures for existing-home sales, though the National Association of Realtors cautioned that new home construction rates will not satisfy the growing demand for sales for very long.
Lumber dealers were hit by supply shortages the hardest, with 36% reporting shortages of framing lumber, 27% to 28% reporting shortages of oriented strand board and plywood, and 12% lacking wall board.
Oriented strand board was the biggest problem area for builders (22%), with 20% lacking wall board and 18% experiencing a shortfall in both framing lumber and plywood.
"Supply constraints are one of the barriers to a more robust recovery," said NAHB chief economist David Crowe. "The shortages and price increases reported by both home builders and lumber dealers are particularly concerning given that the current rate of construction is still far below what would be considered normal or necessary to meet underlying demand."
According to Crowe, the shortages are not as high as they were in 2004 or 2005, but the numbers last month were considerably higher than they were in 2012 or 2011.
PEOPLE IN THE NEWS: Tom Dunn
KB Homes has appointed Tom Dunn as the newest president of its D.C. Metro division. With 20 years of home-building experience specific to the Washington, D.C., area, Dunn will oversee the entirety of the company’s regional operations.
Previously, Dunn held leadership positions at M/I Homes and NVR Homes and was most recently owner and founder of residential property firm BMD Investments.
"Tom brings a wealth of home-building experience in the D.C. area to this role, so we are excited to have him leading the charge as we aggressively grow our business around our nation’s capital," said regional president Vince DePorre. "We have seen a meaningful increase in demand for our award-winning, energy-efficient new homes in the Washington, D.C., market over the past few years and are excited about the opportunity to deliver more of our Built to Order product to local home buyers."
KB Home is a Los Angeles-based company and is currently building its homes in six D.C. communities.