State of the Industry

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The August producer price index report showed stable construction materials prices, with slight declines in wood and steel products, while power wire and cable prices surged, but overall, construction materials prices have been relatively steady in 2023.

Shelley J. Bausch, senior vice president of Global Industrial Coatings at Axalta Coating Systems Ltd., has been elected to the board of directors of GATX Corporation, where she will also serve on the board's Audit and Governance Committees, bringing the total number of board members to nine, including eight independent directors.

Seattle-based real estate AI tech firm, Quantarium, is challenging the standard two-month lag used by the Case-Shiller Index to determine changes in home prices with its TerraIndex HPI; the company says its index provides real-time estimates made available on the second Wednesday of the following month.

Approaching more stability after the volatility of the past couple of years, sales of new single-family homes in the US significantly corrected down in June, at 697,000 units, which is 2.5% lower than May's downwardly revised 715,000, but up almost 24% compared to June 2022. 

Quarter-to-quarter comparisons show massive increases in most products, though a year-to-year analysis hints that supply issues are not over just yet.

Power Home Remodeling, a national full-service exterior home remodeler, is expanding its benefits offerings to subsidize childcare for employees and their families; the benefit will offset the cost of child care by 40%, providing employees up to $5,000 annually for child care costs.

With the launch of Roofing Supply Pro in March 2023 during the International Roofing Expo in Dallas, our mission is helped along by six of the industry's leading experts in their respective fields. Discover who helps shape our coverage.

David Weekley Homes named SRS Distribution one of its National Preferred Partners for the third consecutive year; the award recognizes companies consistently operating at world-class quality and customer service levels.

Brad Van Dam, vice president of MTL Holdings, provides insights into the state of the roofing industry, covering labor, supply chain and sustainability.

A deal announced by France’s Saint-Gobain to acquire privately-owned Building Products of Canada Corp. on June 12 in a nearly $1 billion cash acquisition solidifies the concern’s dominance within the Canadian construction product manufacturing sector.