Remodelers Report Material Shortages
Though markets have cooled a bit going into the fourth quarter 2020, remodelers reported extensive materials shortages during third quarter 2020, according to a survey conducted by the National Assn. of Homebuilders (NAHB) for its Remodeling Market Index.
The survey asked if remodelers were seeing “some shortage” or “serious shortage” in various categories of building materials and supplies. Looking at product categories, the one cited by most remodelers (77%) was framing lumber, and a third of those reported serious shortages. Plywood and OSB shortages, respectively, were reported by 63% of remodelers with 17% and 18%, respectively, reporting serious shortages. The report covered a broad list of materials, with third quarter shortages also reported for millwork (45%), trusses (43%), hardwood flooring (32%) and ceramic tiles (32%). Officials note that the NAHB’s building material Producer Price Index for softwood lumber has almost doubled the five months prior to October, the largest increase since 1975.
Latest News
Carbotech Acquires Sawquip
Carbotech Group has acquired Sawquip, a manufacturing company specializing in the design and manufacture of sawmill equipment for the primary and secondary breakdown of logs into lumber. This acquisition allows Carbotech Group to add on a new field of expertise, providing customers with innovative new solutions for lumber production. Sawquip’s innovative products include log turners and optimized log infeeds, chipping canters, twin and quad circular saw modules, as well as optimized gangs for controlled shape sawing, among others.
Oregon Truckers File Suit Against State
Rob Freres, president of Oregon-based Freres Engineered Wood, a manufacturer of lumber, veneer, plywood and mass timber, has thrown in his support for a lawsuit filed by the Oregon Trucking Assn. and three Oregon-based trucking companies against the state of Oregon for overcharging truckers under the weight-mile tax.
Hasslacher Enters North America
Austria-based Hasslacher group is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings. Based near Toronto, Can., Element5 employs more than 100 and produces cross-laminated timber and glued laminated timber for the North American market.
Hampton Lumber Purchases Rebuilt
Atlas Holdings has entered into an agreement to sell RedBuilt, LLC to Hampton Lumber Mills, Inc. Atlas formed RedBuilt with the acquisition of the commercial division of Trus Joist from Weyerhaeuser Co. in 2009. Over the next 14 years, the company became an industry leader in the engineering, design and manufacturing of proprietary wood-based structural solutions serving the low-rise commercial construction market. The transaction is anticipated to close in the first quarter of 2024.
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