Quikrete Industry Dashboard

The latest version of the Quikrete Industry Dashboard bears evidence of the massive mega deal that will merge Builders FirstSource and BMC Holdings.

On the news of the merger, the share prices of the companies jumped – they’re both up more than 57% compared to a year ago, with BMC leading the charge on Wall Street.

The merger, expected to be complete by early 2021 if not late 2020, will create a company with combined annual revenues in excess of $11 billion, making it the biggest LBM dealer by far.

All other stocks on the Stock Roundup are way ahead for the year, and also up compared to a month ago, though not nearly as dramatically as the lumberyard giants.

Elsewhere on the Dashboard, Consumer Confidence for August declined to a reading of 84.8, down from the downwardly adjusted index of 91.7 in July. A year ago, the index was riding high at 134.2.

“Consumer spending has rebounded in recent months but increasing concerns amongst consumers about the economic outlook and their financial well-being will likely cause spending to cool in the months ahead,” said Lynn Franco, senior director of economic indicators at The Conference Board.

Coming soon on the Dashboard: the Employment Situation report for August is scheduled to be released on Friday, Sept. 4