The Last Word: Is the Future Flat? Joe Kannapell Seeing so many flat roofs early this year made me wonder if the future of truss building will be flat. During the January SBCA Phoenix Open Quarterly Meetings, some of us saw Truss Fab Components’ yard loaded with flat trusses, and others saw the flat roof lines of Frank Lloyd... Read More March 2023 Issue #15284 Page 128
Forecasting Inflation and Interest Rates Carl Villella The economic focus these days continues to be on inflation and interest rates. As business owners, we all grapple with the difficulties of trying to plan when you don’t know where prices will be, or how expensive it will be to borrow money. The Fed has already raised interest rates a... Read More February 2023 Issue #15283 Page 69
Is 2022 Like 2006? It wasn’t very long ago, so many of us remember the Great Recession and fear we are going to see a repeat. Hopefully not. It seems regional right now, like it did early in 2007, after the job market had raged in 2006 and the good times rolled! Like in 2006, the 2022 hiring season... Read More February 2023 Issue #15283 Page 78
First Quarter Brings Hints of Later-Year Move Toward Recovery Lesko Financial Services Team The start of a new quarter and a new year bring with them a cautious glimmer of optimism that the economy is finally poised to begin a slow turn-around toward a gradual recovery. To be sure, many challenges remain for households that have been weathering inflation for more than 18 months. But... Read More February 2023 Issue #15283 Page 90
The Last Word: The Last Word on The Last Pioneers Joe Kannapell Joe Hardy of 84 Lumber was the last of the World War II veterans to whom we owe our industry. Ed Ryan of Ryan Homes (now NVR) and Cal Jureit of Gang-Nail (now MiTek) were also major contributors. All three returned from winning that war with a drive to transform home building, and they helped... Read More February 2023 Issue #15283 Page 136
The Development of the Truss Plate, Part VI: An Industry Established Joe Kannapell On July 5, 1960, in a marathon session, a dozen entrepreneurs set standards for a brand new industry, and, in the process, met a government deadline. These early truss plate adopters came well-prepared and didn’t hesitate to make far-reaching decisions. Fortunately, they left a detailed... Read More January 2023 Issue #15282 Page 10
The Development of the Truss Plate, Part V: Frenetic First Get-Together Joe Kannapell Twelve competitors faced one another for the first time—but only because they had to. Each of their fledgling plate businesses was threatened by a July 31 deadline from the Federal Housing Administration (FHA), and they had less than three weeks to put together a design criterion for... Read More December 2022 Issue #14281 Page 10
About Those Rising Interest Rates… Carl Villella It’s true that interest rates have been rising. With inflation at its highest in decades, the Federal Reserve (“the Fed”) had few options but to raise interest rates in its attempt to cool the upward movement of prices. And yet the job market continues strong, indicating the... Read More December 2022 Issue #14281 Page 88
Through Buying, Selling, and Closing Yards, Dealers are Revealing Their Strategies Craig Webb ABC Supply is going to Canada. Lowe’s is leaving it. SRS Distribution continues to diversify. Builders FirstSource is right-sizing its company in advance of America’s expected home-building slump. And US LBM is still hungry for truss plants. These are among some of the strategic... Read More December 2022 Issue #14281 Page 106
Securing Funding in a Rising Interest Rate Economy Carl Villella With interest rates on the rise, it’s important to consider working with funders who are not as quick to increase rates. You need a lender who will help you not squeeze you, in this economic climate or any climate. You need a company that will work with you to do the best they can for... Read More November 2022 Issue #14280 Page 82