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 […]
BFS COVID-19 Update
From the Desk of Chad Crow, CEO of Builders FirstSource March 17, 2020 Dear Valued Customers, Our number one priority is the safety and well-being our Team Members, customers and supplier partners as we navigate the global COVID-19 pandemic. We want to share with you some of the steps we are taking to protect the […]
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 […]
Open Letter For Residential Construction Industry
AN OPEN LETTER FOR THE RESIDENTIAL CONSTRUCTION INDUSTRY April 14th, 2020 Together, our organizations service more than $16 billion of building materials purchases annually by builders, contractors, and skilled tradespeople. On April 16th, 2020, we are asking all of our customers, associates, and suppliers to support and participate in the National Association of Home Builders […]