Brady named president, CEO of HBI
The former NAHB chairman looks to combat labor shortage problems.
Ed Brady, the 2016 chairman of the National Association of Home Builders (NAHB) and a Bloomington, Ill.-based builder, has been appointed as the new president and CEO of the Home Builders Institute (HBI).
With more than 30 years of industry experience, Brady most recently served as president of Brady Homes, a company founded in 1962 by his father, William Brady Sr.
HBI is the non-profit partner of the 140,000-member NAHB. Brady will replace current HBI president and CEO John Courson, who is retiring after leading the organization for the past seven years.
“Our industry is currently facing a severe shortage of skilled labor, and as we look forward, it is critical that we continue to educate, train and develop the men and women who are the future of the home building industry,” said NAHB Chairman Randy Noel, a custom home builder from La Place, La. “With his home building background and past NAHB leadership experience, Ed is the perfect person to take the lead at HBI. We look forward to working with him on this important mission, and continue the great strides we have already made in building our workforce.”
NAHB and HBI work in tandem to find solutions to alleviate the industry’s labor shortage issue. Earlier this year, the two groups attended a White House event where together they pledged to train 50,000 new workers over the next five years, as part of President Trump’s new workforce development initiative.
In addition to Brady’s time as NAHB chairman, he has been active in the NAHB leadership structure at the local, state and national levels throughout his career, including serving as president of the Illinois Home Builders Association and president of the Home Builders Association of Bloomington-Normal, Ill.
Home Depot Foundation increases disaster relief
The foundation has added another $1 million in aid after Hurricane Michael.
Following the devastation caused by Hurricane Michael, The Home Depot Foundation said it has increased its financial support to $4 million for associates, customers and communities impacted by storm and other recent disasters.
Last month the foundation increased its pledge for disaster relief to $3 million following Hurricane Florence.
“Our thoughts are with everyone who has been impacted by Hurricane Michael,” says Shannon Gerber, executive director of The Home Depot Foundation. “We’re currently working closely with our nonprofit partners to assess the impact of this unprecedented storm to determine how we can best help the community recover immediately and over the coming weeks and months.”
The latest move by The Home Depot Foundation adds to funding provided to nonprofit partners for other disasters throughout 2018, Florence, Hurricane Olivia, the California wildfires and flooding in the Midwest. The Foundation will continue to serve those impacted in these areas, while broadening support to include the Gulf Coast region.
Earlier this year, The Home Depot Foundation provided more than half a million dollars to Operation Blessing and Convoy of Hope to stock their warehouses for the 2018 disaster season.
The warehouses in Florida were activated earlier this week to prepare for Hurricane Michael’s landfall. In spring 2018, the Foundation also granted $2 million dollars to Team Rubicon and American Red Cross to fund their disaster relief and recovery efforts.
The Homer Fund, the company’s employee assistance program, is also providing emergency financial assistance to associates who have been affected by the latest tragedy.
To foundation said those who want to donate to American Red Cross for those impacted by recent storms can visit bit.ly/THDgive.
Lowe’s, which had thousands of employees impacted by Florence, also recently increased its funding for disaster relief to $4 million following the impact of Michael.
HBSDealer Stock Watch: Thursday’s Bears
|Hardware and building supply stocks posted another down day on Wall Street. Most of the 30 stocks tracked below finished the day lower.|
|BLDR (Builders FS)||13.37||-0.82%|
|BMCH (BMC Stock)||17.49||-1.24%|
|CENT (Central Garden)||34.30||-0.32%|
|DE (Deere & Co.)||146.47||-0.67%|
|HD (Home Depot)||189.74||-2.04%|
|LL (Lumber Liquidators)||13.71||-1.22%|
|SMG (Scotts Miracle-Gro)||73.24||-3.15%|
|TSCO (Tractor Supply)||85.23||+0.48%|
|UFPI (Universal Forest)||32.90||-3.55%|