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  • Losing as much as $300 million in annual sales from its now scaled-back relationship with national retailer Home Depot, Masonite International Inc. expects to close four facilities, slow production at three other sites and eliminate about 20 percent of its global workforce. The retailer gave notice to the Mississauga, Ontario-based door producer that it would be transferring nearly all of its... more »
  • Remodeling spending may be down this year, and again in 2008, but forecasters don’t expect the same sort of weakness that’s been evident in the new construction market. David Seiders, chief economist for the National Association of Home Builders, is expecting a decline of about 1.5 percent overall this year and perhaps another half a percent drop next year. Speaking as part of an... more »
  • Washington, D.C.—“Is the housing correction over?” The answer is no, according to economists gathered in April for the National Association of Home Builders’ semi-annual construction forecast conference. The long-term outlook for homebuilding remains promising, but excess inventory and problems in the subprime mortgage market mean new residential construction will remain... more »
  • Las Vegas—Home building is “going vertical,” with more multi-family housing and higher density single-family developments. That was one of the predictions made by a panel of builders and residential architects discussing housing in the year 2020 as part of a panel discussion here at the fall meeting of the Window & Door Manufacturers Association. A variety of other speakers... more »