Charlie Vaccaro

A Fable For Our Time

Charlie Vaccaro

Chapter I: The Idea One day a certain builder had an idea for a spec house that would be a sure winner. So, he got together with the best architect in the area and began to describe what he wanted. “Mr. Architect,” he said, “I want the house to have a studio...

#18318 Cover image
January 2026
Issue #18318
Page 50
Carl Villella

A 2025 Recap and a Look at 2026

Carl Villella

In 2025, the building component manufacturing industry navigated a landscape defined by paradox: record-breaking investment in high-tech infrastructure alongside sharp contractions in traditional residential segments. As the industry pivots toward 2026, the focus is shifting from...

#18318 Cover image
January 2026
Issue #18318
Page 95
Carl Villella

Financing Growth in a Protectionist Era

Carl Villella

For Structural Building Component (SBC) manufacturers, 2025 presents a paradox. Demand for housing and commercial structures remains resilient, yet the cost of doing business is climbing. The resurgence of aggressive tariff policies—specifically on steel, aluminum, and Canadian softwood...

#17317 Cover image
December 2025
Issue #17317
Page 98
Lesko Financial Services Team

Slowing Growth and Sticky Inflation Ahead for Q4

Lesko Financial Services Team

The U.S. economy entered the Fourth Quarter of the year with fading momentum and increasing caution signs from some indicators, including a weakening labor market, challenging financial realities, and lingering inflation. Analysts are forecasting GDP growth of only 1.9% for the last three months...

#17316 Cover image
November 2025
Issue #17316
Page 96
Carl Villella

Market Confidence and the Building Component Industry

Carl Villella

To stay abreast of current trends and future forecasts, I follow many reports and analyses. Most recently, the Equipment Leasing & Finance Foundation’s September 2025 Monthly Confidence Index (MCI-EFI) indicates a continued, albeit slightly tempered, positive outlook for the equipment...

#17315 Cover image
October 2025
Issue #17315
Page 95
Carl Villella

How New Signals From the Fed Will Affect the Component Industry

Carl Villella

Jerome Powell’s late August speech at the Jackson Hole Symposium signals a potential shift in monetary policy that could significantly affect equipment financing for the building component industry. Powell’s remarks, which opened the door to a possible interest rate cut at the...

#17314 Cover image
September 2025
Issue #17314
Page 101
Carl Villella

Strategic Capital Investment: Leveraging Section 179 Expansion and Multi-Entity Structures in the Building Component Manufacturing Industry Post-OBBBA

Carl Villella

The recently enacted One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, marks a transformative moment for U.S. tax policy, particularly for capital-intensive sectors like building component manufacturing. This comprehensive legislation significantly expands Section 179...

#17313 Cover image
August 2025
Issue #17313
Page 83
Lesko Financial Services Team

Economic Outlook: Resilience and Uncertainty

Lesko Financial Services Team

The first half of this year ended with the U.S. economy showing a resilience that forecasters weren’t expecting. Solid growth in earnings and jobs, plus a rebound after the chaos of early tariff announcements, powered past the pessimism and steep market declines of April and helped the...

#17313 Cover image
August 2025
Issue #17313
Page 92
Valerie Hansen

Tariffs, Countervailing Duties, and More: Optimizing Production Requires Optimizing the Inputs to Production

Valerie Hansen

On/off tariffs, the pending hike in countervailing duties, and Section 232 National Security Investigation (which designates lumber as a “strategic good” on par with automobiles, steel, and aluminum) stalk the wood frame construction industry. Collectively and individually, these...

#17310 Cover image
May 2025
Issue #17310
Page 112
Lesko Financial Services Team

Economic Outlook: Uncertainty and Volatility

Lesko Financial Services Team

Encouraging data including a downtick in inflation and the prospect of interest rate cuts early in the year fueled optimism, bolstered by hopes of deregulation and the extension of tax cuts put into place during the first Trump presidency. Stocks rallied on hopes for a new era of positive growth...

#17310 Cover image
May 2025
Issue #17310
Page 118
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