DALLAS, Oct. 08, 2020 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (Nasdaq: BLDR) will hold a conference call and webcast on Friday, October 30th, to discuss the company’s financial results and other business matters. The teleconference will begin at 9:00 a.m. Central Time and will be hosted by Chad Crow, Chief Executive Officer, and Peter Jackson, Chief Financial Officer. A copy of the company’s press release announcing its financial results will be made available after the market closes on Thursday, October 29th, in the Investors section of the Builders FirstSource, Inc. website, at www.bldr.com.

To participate in the teleconference, please dial-in to the call a few minutes before the start time: 800-353-6461 (U.S. and Canada) and 334-323-0501 (international), Conference ID: 9608576. A replay of the call will be available at 1:00 p.m. Central Time through November 14th. To access the replay, please dial 888-203-1112 (U.S. and Canada) and 719-457-0820 (international)

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The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 million in August, representing a 5% decrease from the previous month but a 3% uptick from a year ago, the U.S. Census Bureau reported Thursday.

Permitting activity occurred at a seasonally-adjusted annual rate of 1.47 million, down 1% from July but roughly even with the pace from August 2019.

Economists polled by MarketWatch had expected housing starts to occur at a pace of 1.52 million and building permits to come in at a pace of 1.55 million.

What happened: The dip in housing starts and building permits was driven by declines in multifamily construction activity. Multifamily starts fell 25% between July and August, while the number of new permits issued for multifamily buildings dropped 17% month over month.

Comparatively, construction of new single-family homes increased 4% between July and August and was up 12%

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If you have a small business, you know it needs to have an online presence. The days of being able to succeed without some kind of

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Adds details on deal, background

Aug 27 (Reuters)U.S. residential building materials maker Builders FirstSource Inc BLDR.O said on Thursday it has agreed to buy BMC Stock Holdings Inc BMCH.O in an all-stock deal that values the smaller rival at about $2.5 billion.

The announcement comes on the heels of a strong recovery in the U.S. housing market from the crippling economic fallout of coronavirus-induced lockdowns.

U.S. homebuilding accelerated by about 23% in July, the most in nearly four years, up from a 17.3% rise in June, data from the Commerce Department showed last week.

BMC shareholders will receive 1.3125 shares of Builders FirstSource stock for each BMC share, implying a value of $36.63 per BMC share. That represents a nearly 14% premium to BMC’s last close of $32.22.

The companies, which manufacture floor trusses, roof trusses, wall panels, stairs, windows and doors, will have a combined market

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This is how the COVID-19 recovery was supposed to play out.

When much of the economy shut down to slow the spread of the coronavirus, home sales fell sharply and many homebuilders furloughed workers. But as restrictions were lifted, some consumers got a big lift from a drop in interest rates. And small companies locked up forgivable loans through the government’s Paycheck Protection Program, which was designed to keep workers on the payroll.

“We were concerned about having to do layoffs,” said Justin Webb, owner of Altura Homes in Rockwall. “But we got the PPP loan and that bought us eight weeks. By then, sales started to take off.”

Altura, which has about 45 employees, didn’t lay off anyone and even hired a few workers, he said.

The company has posted record sales for the past three months, up about 25%, Webb said. Those results are not an outlier.


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5 min read

Opinions expressed by Entrepreneur contributors are their own.

Crises are a time for great leaders to distinguish themselves. Crises can also be made into opportunities for cementing a company’s culture.

The Covid-19 public health and employment crisis is an intensely human moment that impacts all of us as people. It can range from experiences of personal or family sickness to experiences of job loss and financial insecurity. This is a crisis that we are all experiencing collectively, but which expresses itself in intensely personal ways.

Related: 5 Lessons From the ER That Could Help Save Your Company During a Crisis

Uncertainty is widespread. Anxiety is at a high level. That vacuum — when we don’t really know exactly how we got here and what comes next — is when leadership matters most. 

Leadership’s key components during a crisis

On the one hand, leadership requires

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