Home prices—and by extension, housing markets around the country—may be stabilizing, but lumber and building material (LBM) firms continue to feel the effects of the housing downturn. As detailed by our sister magazine ProSales, numerous LBM firms have reported quarterly losses in recent weeks. Weyerhaeuser, for example, lost $97 million, hamstrung by low demand for its wood products and its real estate business, which includes Pardee Homes and a handful of other builders.
Here’s how such companies’ performance has stacked up so far this quarter.
BMHC Cuts Losses, But Sales and Margin Slip
Weyerhaeuser’s Wood Products Group Posts $97 Million 3Q Loss
Huttig Cuts 3Q Net Loss to $1 Million
Profits From Roofing Support Owens Corning’s 3Q Results
Builders FirstSource Loses 8% Market Share in Third Quarter
Potlatch, Plum Creek, Rayonier, and Masco All Post Weak 3Q Earnings
