Mortgage rates are finally retreating off highs retreating to as low as 4.75% according to Freddie Mac’s Primary Mortgage Market Survey. This retreat should prove to be impactful on the housing market in the upcoming year. Home buyers should enter into 2019 with a renewed sense of confidence with the decline of interest rates as […]
Builders FirstSource Swings to a Profit
Builders FirstSource reported big profits in the fourth quarter and full year. The Dallas-based pro dealer, with operations in 39 states, posted a fourth quarter net income of $52 million — a huge swing from a net loss of $42.7 million in the fourth quarter 2017. For the full year, BFS reported a net income […]
Builders FirstSource!
Builders FirstSource is driven by the desire to provide professional class building materials and services to homebuilders and remodelers across the country. In the 1990’s, the building materials industry changed significantly. Homebuilders grew by acquisition, creating large national competitors. Building materials manufacturers also consolidated. It was inevitable that the building material supply industry, the companies […]