HBSDealer Stock Watch: Market Jitters
|Hardware and building supply stocks generally lost value during trading on Wednesday, with a few exceptions. Of the 30 stocks tracked below, 25 declined. FAST, however, gained more than 10% after reporting a strong quarter.|
|BLDR (Builders FS)||18.17||-1.57%|
|BMCH (BMC Stock)||21.35||-1.39%|
|CENT (Central Garden)||43.54||-0.34%|
|DE (Deere & Co.)||141.42||-2.17%|
|HD (Home Depot)||196.95||-0.33%|
|LL (Lumber Liquidators)||25.14||-4.77%|
|SMG (Scotts Miracle-Gro)||86.31||-1.22%|
|TSCO (Tractor Supply)||77.38||-0.44%|
|UFPI (Universal Forest)||37.52||-0.82%|
Illinois builder selects LP SmartSide
A new, 56-home neighborhood features SmartSide Trim & Siding.
Joe Nitti, co-owner of Nitti Development in Elmhurst, Illinois, is using LP SmartSide Trim & Siding products on the Berteau Development.
The project is a neighborhood of 56 single-family homes with traditional, craftsman-style architecture.
Nitti said he used LP SmartSide siding products because of durability, workability and the style versatility, which he says truly made a difference in designing the homes to be unique, as well as adding to their aesthetic appeal to homebuyers. The workability of the products enabled the ability to implement different types of architecture and levels of elevation on each home, resulting in time and labor savings.
Prior to this project, Nitti used other types of siding materials.
“Making the switch was a really big deal,” Nitti said. “I had meetings with different companies, spent a lot of time looking at LP homes.” Ultimately, Nitti found that LP SmartSide siding “held its own.”
The Berteau Development is expected to be complete by Fall 2018, with all 56 homes built with LP SmartSide Trim & Siding products.
The homes feature unique paint colors, architectural styles, and elevations that are a draw for homebuyers looking to appease personal preferences. Nitti has also personally tested and proven the durability and strength of the building materials.
Nitti sums up his experience with LP SmartSide products saying he feels confident in the building process and being able to turn around to the homebuyer and say, “You’re good, everything is covered!”
New home for decorative hardware maker
Top Knobs, a manufacturer of decorative kitchen and bath hardware, announced the opening of its new corporate headquarters in Branchburg, N.J.
“I don’t think we could have found a better location for our team,” said Warren Ramsland, president of Top Knobs. “Our new headquarters and enhanced operational efficiencies will help us continue to develop and keep pace with our clients’ needs, allowing us to provide exceptional value and superior service along the way.”
The new headquarters, located approximately 1 hour from New York City, provides capacity for corporate offices, customer support, engineering, sales and services.
The company’s previous headquarters was located in Hillsborough, N.J.