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Record High Lumber Prices Affect Building Supply Dealers

Posted by Joe Gargiulo on Tue, Mar 09, 2021 @ 11:22 AM

The announcement that Random Length Lumber Futures (for March 2021) have reached an all-time high ($1,004) has prompted a variety of solutions by contractors and other customers of building supply dealers. The record high lumber prices soared past the $1,000 per 1,000 board feet mark on Feb. 18, sending buyers into reaction mode. This figure is over twice the amount ($495.60) from Nov. 2020.

Experts say a strong home building market, low interest rates, and a boom in home remodeling are responsible for the increase despite other indications that demand for lumber is decreasing.

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Tags: Building Materials, Multiple Check

Payment Solutions for Building Materials Dealers and Contractors

Posted by Brandes Elitch on Thu, Jan 30, 2020 @ 11:14 AM

If your business sells building materials to the construction industry, then you already know that it takes a long time to get paid. It doesn’t matter what you sell — lumber, dry wall, plumbing supplies, roofing materials, flooring — the contractors who buy from you have cash-flow issues that they deal with every day.

The 2019 National Construction Payments Report, a survey conducted in collaboration between Levelset and TSheets by Quickbooks, concluded that getting paid in the construction industry is slower than just about every other industry. How slow? The average time to payment is 83 days!

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Tags: Building Materials, Construction, Multiple Check

Guaranteed Payments for Delivered Building Materials

Posted by Brandes Elitch on Mon, Jan 13, 2020 @ 09:45 AM

There’s an old saying in business, “Nothing happens until somebody makes a sale!” This is true, of course, and so is this corollary: “Nothing happens with cash flow until the building materials customer pays the bill.”

Cash flow is the lifeblood of the building materials industry. Sometimes a business with a full order book and a large accounts receivable position will be forced to close its doors because there wasn’t enough cash on hand to pay the bills that are due now.

This is why it’s just good business to have a company credit policy at a building materials center. As somebody said, “If there’s no plan, there’s no hope for survival.” This raises the question: how do you create a credit policy?

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Tags: Building Materials, Check on Delivery

6 Ways Contractors Can Save Money on Buying Building Materials

Posted by Jeson Pitt on Mon, Aug 26, 2019 @ 10:45 AM

Every construction project requires you to spend money on labor and materials. One way to generate higher business profits is by lowering the cost of building materials. It is possible to save money while buying building materials — you just need to know the right tactics to reduce overhead expenses.

Let’s look at six ways to do that.

Article Summary

  1. Buying Building Materials in Bulk or at Wholesale
  2. Buy Easy-to-Install Building Materials
  3. Choose Prefabricated or Modular Materials
  4. Have a Network of Suppliers
  5. Negotiate Free Delivery
  6. Establish Good Payment Terms
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Tags: Building Materials

Build Expo Frames the Building Supply and Construction Industries

Posted by Harrison Friedes on Tue, Mar 05, 2019 @ 09:05 AM

Build Expo, the premier event for the building supply and construction industries, launches its 2019 – 2020 multi-city lineup of shows March 6 and 7 at the Los Angeles Convention Center from 10 am to 3 pm.

The Build Expo is attended by a wide variety of industry professionals, including building supply dealers, general contractors, home builders, engineers, and designers.

The expo features over 20 educational workshops and seminars, hundreds of exhibitors, and thousands of products and services. The event allows visitors to attend and take part in workshops and seminars for free.

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Tags: Building Materials, Construction

How Do I Guarantee the Payment of Delivered Building Supplies?

Posted by Joe Gargiulo on Fri, Nov 16, 2018 @ 06:45 AM

Cash, check or charge, there are only three ways to guarantee the payment of delivered building supplies to residential or commercial job sites. Simultaneously, there are only three main channels for delivering supplies: pay the dealer to do it, hire a third party delivery service, or do it yourself. The meshed processes entail having an adequate vehicle to transport the supplies, a safe way to load and unload them, enough manpower, and of course, the means to make and accept payments. Read More

Tags: Building Materials, Check Guarantee

Five Trends in the 2018 Building Materials Industry: Pt 2

Posted by Joe Gargiulo on Fri, Sep 21, 2018 @ 01:59 PM

As introduced in part one of this series, consumer and contractor demand for sustainable building materials, connectivity in the home and workplace, and an “easy button” for simplified installations have spurred a wave of new products and services.

The demand for sustainable products and technologies such as connected living and working spaces have been the harbinger of change in today’s building materials industry, but other trends are prompting positive changes affecting home and commercial construction.

This second and final part reviews technology, DIY trends and simplified installations. See part one for details about industry growth and sustainability in the building materials industry.

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Tags: Building Materials

Five Trends in the 2018 Building Materials Industry: Pt 1

Posted by Joe Gargiulo on Tue, Sep 11, 2018 @ 06:45 AM

The building materials industry has experienced significant change in recent years — granite is the “new” Formica; two-by-six framing is as common as two-by-fours; and wood (solid, laminate, engineered or reclaimed) has replaced wall-to-wall carpeting as the flooring of choice for many Americans. Beyond this veneer of change is a fundamental framework of industry growth, sustainability, technology, do-it-yourself homeowners, and the need for simplified installations.

The focus is on sustainable products and technology, but other trends are also having a profound influence on the building materials industry. Many of these disruptive changes are interdependent, and as expected, there is a direct correlation between construction and building materials.

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Tags: Building Materials

Flooring Installers Go Full Throttle to 2018 Convention

Posted by Joe Gargiulo on Fri, Jul 27, 2018 @ 08:45 AM

The Certified Flooring Installers, a division of the World Floor Covering Association, present the 25th Annual CFI Flooring Convention & Expo in Orlando, Fla. August 15 – 17. The trade event offers the latest in “new products, tools, techniques and training” for flooring professionals as well as a selection of networking opportunities and the Associate Showcase. Business coach and consultant Josh McGinnis will deliver the keynote address "Why Most Business Plans Are Worthless" at 9:30 am on August 16.

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Tags: Events / Conferences, Building Materials

Father's Day Promotional Ideas for Home Improvement Stores

Posted by Jessica Beaudry on Fri, Jun 01, 2018 @ 06:45 AM

Father’s Day spending in the U.S. is expected to reach a record high of $15.5 billion, the National Retail Federation (NRF) reports. To celebrate father figures, home improvement stores can present simple DIY backyard projects that families can complete over the holiday (Sunday, June 17, 2018) weekend, and promote the campaign with the effective multi-media marketing efforts suggested below.

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Tags: Retail, Building Materials