At ProDealer Industry Summit: Eyes on recovery
As the 2012 ProDealer Industry Summit (PDIS) prepares to convene in Savannah, Ga., the nation’s housing market sits on the precipice of a long-overdue recovery. The LBM industry has watched and waited, knowing that the bottom would eventually arrive. Recognizing — and responding to — that turning point will be the subject of several seminars and presentations on Oct. 25 to 26.
An Oct. 26 keynote speech given by housing industry analyst Ivy Zelman may help attendees make some key decisions about their businesses for the next few years. Zelman, who founded her own firm in 2007 after working for Credit Suisse Group and Salomon Brothers, conducts proprietary research that involves all aspects of the housing industry. Although she was one of the first analysts to predict the depth of the housing bust, Zelman is now sounding bullish on the housing recovery. One of the positive indicators, she notes, is dwindling inventory of homes for sale.
“There’s not enough supply, given higher levels of demand,” Zelman recently told the Wall Street Journal. “With every passing month, distressed homes are being absorbed at better and better prices.” Construction of new home has been sluggish for years, and an increasing number of renters are choosing single-family homes, removing them from the available housing market.
In addition to sharing her forecast for 2013 and beyond, Zelman will moderate a panel of pro dealers discussing their views on improved planning in 2013.
Twister damages sign at 84 Lumber headquarters
Two tornadoes touched down in the Pittsburgh area Sept. 17, one of them sweeping away the giant 84 Lumber sign on Route 519, according to an article in the Pittsburgh Post-Gazette.
The National Weather Service determined that a tornado with 80 to 85 mph winds traveled through Eighty Four, Pa., the headquarters of pro dealer 84 Lumber, between 3:57 and 4 p.m. Trees were uprooted, a car was overturned, and several small businesses were damaged. No one was injured.
The 84 Lumber sign was knocked down, but none of the damage blocked the roadway, according to authorities.
Allied Building Stores names new president
Monroe, La.-based LBM buying group Allied Building Stores appointed Dale E. Mercer, 50, as president, effective Jan. 1, 2013.
Mercer will succeed David Stiles, a 16-year veteran of Allied, who will continue to serve as president until the end of the year. Mercer joined ABS, a dealer-owned building materials buying group in October 2008, and most recently has served as its chief operating officer. Prior to joining ABS, Mercer was VP manufacturing for Bancroft Bag at its facility in West Monroe.
“We are pleased to announce the timing of our transition from David to Dale, which has been planned for some time now,” said Bob Barnes, chairman of the board. “We appreciate David’s loyal service to the organization and look forward to Dale’s contributions in strengthening our market positions with our dealer-owners and vendors as we work to meet new challenges.”