LBM Alert Header File
8.22.17
  • 58% Of Homeowners Think The Housing Market Is Set For A Correction--Are Bubble Fears Founded?
  • With no U.S.-Canada deal, lumber talks to run parallel to NAFTA
  • How Investment Bankers Get Paid for Brokering the Sale of Your Business
  • Texas Is Winning America's Homebuilding Race [Infographic]
  • News Briefs
  • Industry Events
58% Of Homeowners Think The Housing Market Is Set For A Correction--Are Bubble Fears Founded?

In each of the six months from December through May, the most recent month for which data is available, national homes prices set new highs. Home price growth has outpaced wage growth and inflation. So perhaps it is not too surprising that a new survey has found that more than half of homeowners expect home prices to decline in the not too distant future. Of 1,079 adults surveyed by ValueInsured, a provider of down payment protection, 58% agreed with the notion there will be a "housing bubble and price correction" in the next two years. That's up from 46% last quarter. Meanwhile, 83% of respondents believe it's a good time to sell.

Read the whole story at Forbes

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Siding by ProVia: Built for Better Durability

ProViaOur unique blend of hands-on craftsmanship and leading-edge automated processes ensures the highest manufacturing standards and the highest degree of durability, style and quality. At ProVia, our goal is to serve you, by caring for details in ways other won’t. We continue to build our products and our company to last a lifetime. Better Durability—that’s The Professional Way.

Visit provia.com to find out how you can experience The Professional Way.


 
With no U.S.-Canada deal, lumber talks to run parallel to NAFTA

The United States and Canada have failed to settle a festering trade dispute on softwood lumber ahead of talks to modernize the North American Free Trade Agreement (NAFTA), but will keep the lumber negotiations on a separate, parallel track, officials from both countries said.

U.S. Commerce Secretary Wilbur Ross had been pushing for a lumber deal before Wednesday's start to NAFTA talks to avoid complications from the decades-old dispute.

Read the whole story at Reuters

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If It’s Broken, Incredi-Bond Can Fix It.

MitekINCREDI-BOND® is a high strength two-component epoxy specifically designed to be a bonding agent for almost all household materials including wood, steel, concrete, brick, stone and CMU block. Learn about INCREDI-BOND and our full line of epoxy products for cracked and uncracked concrete, masonry, general purpose and DOT.

INCREDI-BOND, which is moisture-insensitive, has a two-year shelf life when stored in unopened containers in dry conditions between 40°-95°F.

INCREDI-BOND offers over 1,000 psi bond strength in two days, a quick initial cure time of two hours at 75°F, and a convenient 20-minute working time.

You can trowel it, sand it, paint it — with no sag, no drip — making it great for vertical and overhead patch-and-repairs of holes and cracks, as well as for corner repairs to concrete and block walls.

INCREDI-BOND not only cures in damp environments, you can even use it underwater to repair pool tiles —without draining the pool. It’s professional-grade epoxy. If It's broken, INCREDI-BOND can fix it.

Learn More

How Investment Bankers Get Paid for Brokering the Sale of Your Business

Investment bankers that broker the sale of your company have a fairly standard schedule for retainers and success fees. But there are idiosyncrasies and potential pitfalls to watch for. So, let’s take a close look.

The Retainer: Most investment bankers charge a retainer to prepare your company for sale, often around $50,000. The retainer pays for ongoing expenses to prepare the “deal book” a.k.a. informational memorandum or “IM”, that is used to shop the deal to acquirers. But the retainer should be paid out monthly (e.g. $10,000/month), not all upfront. In many cases (as is true with our firm, 1st West M&A), the retainer is entirely refunded to the seller in the event of a successful transaction. If the success fee turns out to be $250,000, the first $50,000 is refunded to you when the deal closes.

Read the whole story at LBM Journal

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Is Your Trim Inventory Getting Bulldozed Before it Even Leaves the Yard?

PalramPVC trimboard has a tough journey from manufacturing to distributor to dealer to job site. Along the way, trim is at risk for dirt, scuffs and scratches. For a dealer, that means spending time and money on special handling and storage, cleaning, inventory shrinkage, product returns and delivery refusals.

That's why Palight Trimboard is your inventory friend: EverClean™ Protective Film on both sides of every board. Three no-paint colors (white, sand and clay). Two finishes (smooth/smooth and smooth/woodgrain). Palight Trimboard puts lost trimboard margin back into your pocket.

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Texas Is Winning America's Homebuilding Race [Infographic]

Texas is leading America's homebuilding charge with Austin, Dallas and Houston collectively on pace to build 130,000 new homes in 2017. That represents more than 10 percent of all U.S. building permits this year and almost as many as 50 large metropolitan areas combined, according to new research by Trulia. By contrast, several markets in the northeast of the country will struggle to surpass the 500 mark this year.

One of the most interesting aspects of Trulia's data is how the current level of construction compares with the historical average, with the majority of the quick-building metros concentrated in the south. Austin, Texas leads the way, forecast fo finish 2017 approving 107.7 percent more residential construction than its historic average. It's followed by Charleston, South Carolina (82.8 percent) and Nashville, Tennessee (65.8 percent). By contrast, Allentown in Pennsylvania, New Haven in Connecticut and Worcester in Massachussetts are all set to construct 80 percent fewer homes than their historic average.

Read the whole story at Forbes

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RenoWare: Installed Sales Software

RenoWareA NEW app, developed by industry veterans, specifically for Dealers selling an “installed package”.

RenoWare Provides:

• A proven work process … lead to job close and follow-up
• Lead source & Customer tracking (CRM)
• Data integration with Design, Estimating and ERP systems (2020, W&D Mfg’s, Epicor Eagle, Saberis, Luxwood Design Tools, etc.)
• Complete Document management: Contracts, Installation agreements, Change orders, Completion & Warranty certificates and much more

Measure to Better Manage…

Comprehensive reporting to track job profitability (estimated vs actual) and staff productivity like close ratios.  An affordable app to save thousands of dollars each year in time, reduced errors and improved business practices.

Learn More
 

 

News Briefs

Drexel Building Supply Expands to Columbus MORE

Guardian Building Products to distribute Perma-Boot MORE

White’s Lumber patriarch honored by N.Y. Senate MORE

Member Insurance Hires Former Do it Best VP MORE

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Beyond Low Price: What Builders REALLY Want

LBM StrategiesThat's just one of the 13 presentations you'll experience when you join other LBM industry leaders from across the U.S. at the LBM Strategies Conference 2017. Prepare to learn, share and connect this September, then get back to work armed with fresh ideas and actionable insights to grow your sales, your business and your brand. Breakfasts, lunches, coffee breaks and cocktail receptions - all included with your registration - offer an ideal opportunity to reconnect with old friends and build fresh connections.

The LBM industry's most robust conference will kick off with NFL legend Ed "Too Tall" Jones signing autographs and talking football at a welcome cocktail reception, and will conclude with VIP Tours of The Star--the Dallas Cowboys new headquarters and state-of-the-art training facility. Sandwiched between those two memorable events is a can't-miss agenda packed with leading dealers from across the U.S.

Register by August 31 to save $100!

Learn more and register today at LBMStrategies.com 

Industry Events

2017
 

Aug. 24-26, Orgill Fall Dealer Market, Boston, www.orgill.com

Sept. 7-8, LBM Strategies Conference, Frisco, TX, www.LBMStrategies.com

Sept. 20-22, Construction Suppliers Association (CSA) Annual Conference & Expo, Savannah, GA, www.gocsa.com

Sept. 25-27, True Value Fall Reunion, Chicago, IL, www.truevalue.com

Oct. 4-6, Florida Building Material Association (FBMA) Convention and Gulf Atlantic Building Products Expo, Orlando, FL, www.fbma.org

Oct. 13-16, Do it Best Fall Market, Indianapolis, IN, www.doitbestcorp.com

Oct. 22-24, LBM Advantage Forest Products Conference, Baltimore, MD, www.lbmadvantage.com

Oct 24-26, Forest Products & Building Materials Expo, Philadelphia, PA, www.lmc.net

Nov. 7-9, Western Building Material Association 115th Annual Convention, Marysville, WA, www.wbma.org

Nov. 8-9, West Coast Lumber & Building Material Association (WCLBMA) Annual Convention and 100th Anniversary Celebration, Rancho Mirage, CA, www.lumberassociation.org

Nov 8-10, NAWLA Trader's Market, Chicago, IL, www.NAWLA.org

2018

Jan. 10-12, International Builders Show, Orland, FL

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FREE Builders’ Show Expo Pass in August!

IBSDuring the month of August, dealers and distributors can register for a free expo pass to the 2018 NAHB International Builders’ Show® (IBS). IBS is the building industry’s biggest event, featuring unparalleled networking opportunities to meet vital business partners while exploring the largest trade show in North America showcasing the latest building products, trends and technology. Join us in Orlando, January 9-11, to grow your business and increase your sales.

 


Register for your free expo pass today!