What's happening and what matters in construction supply, from Webb Analytics President Craig Webb.
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A recent sunset on Maryland's Chesapeake Bay. Andy Squint photo |
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Darker Times Are Coming Soon. Include These
5 Changes as You Plot Your Course Correction
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When one of housing's biggest optimists changes his outlook, attention must be paid. Stephen Kim, head of Evercore ISI's Housing Research Team, did that this week, declaring: "a cycle of fear will churn its way through the housing complex over the next six months." He now forecasts an 11% decline in housing starts this year from 2021 and a 12% drop in existing home sales. We're heading into a period of stagflation. It's particularly rough weather to navigate. Plan now to change course. I have five ideas that'll help . More
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LBM facilities acquired (blue pins), opened (green) or closed YTD 2022. Source: Webb Analytics |
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LBM's M&A Deals Pace Hasn't Slowed, But the Volume Has. And Greenfield Openings Are Up |
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If LBM's Mergers and Acquisitions market were a baseball game, you could say this season is featuring a lot of singles and doubles compared with last year's home runs and grand slams. Through June 23, Webb Analytics has recorded only 10% fewer deals this year than last. But 2022's average acquisition involved less than half as many facilities as the 4.9 average in January-June 2021 deals. Meanwhile, openings are way up. More
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95 Job Changes, 62 Companies
US LBM has a new EVP and Chief Human Resources Officer: Wendy Radtke (right). She's one of nearly 100 people at dozens of LBM operations who have changed jobs. Truckee Tahoe Lumber has a new CFO, Herrman Lumber a new Director of Operations. Recent weeks also have seen new leaders at Sunpro, Goldsboro Building Supply, Builders FirstSource, ABC Supply, Beacon, Kodiak Building Partners, McCoy's Building Supply, 84 Lumber, Do it Best, Jeld-Wen, and others. More
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Download the 2022 Construction Supply 150, Webb Analytics' report on how much America’s key lumber and building material operations changed last year. Get key stats on size, scope and challenges. Find benchmark data on revenue per employee, OSR, and facility. No other public report is so comprehensive--and it's available for free. Get it now!
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Get insights into the Construction Supply 150 report by watching this webinar featuring three industry experts: Steve Yates of Buildxact, Graham Rigby of Epicor, and Mai- Tal Kennedy (pictured here) of Building Industry Partners. They talk in-depth about the operations, IT, and human resources sections of the report. View it here. |
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The 2022 Construction Supply 150 report is sponsored by: |
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Trouble Getting Paid on Time? Here's a Reason Why |
Good dealers are good in part because they are efficient at collecting the money due them--particularly during economic downturns. This truism makes Levelset's latest Construction Cash Flow & Payment Report a sobering reminder of the challenges your credit managers face. Levelset surveyed 519 general contractors and subcontractors, 75% of whom work in residential construction. It found that, while 85% of those contractors and subs request payment within 30 days, only 58% of GCs and 24% of subs are paid that quickly. This means that, even if a contractor pays you as soon as he sees a check from a customer, it's likely the pro's payment won't reach you within your 30-day time period. Paying online could cut the delivery time, but Webb Analytics' Construction Supply 150 report found only 59% of America's biggest dealers have systems in place for online payments. |
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The 5,000-Year-Old Tree Used for This Table Gives New Meaning to the Phrase 'Old-Growth' |
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Something unusual is on display at England's Ely Cathedral: a 40-foot-long table made from a fossilized black oak tree that's nearly 5,000 years old. That's Princess Margaret (in the yellow jacket above) inspecting the table when it was unveiled to the public in May. Black oak is known locally as "bog oak," and it was a marshy area known as Wissington Fen where the fossilized tree was found in 2012. A team of craftsmen have been working since then to create the table. The Fenland Black Oak Project, which did the work, hopes it will inspire landowners in East Anglia to preserve other black oaks in the area. More
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Washington, DC, USA | www.webb-analytics.com
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