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LBM Journal’s top 10 stories of 2022

The LBM 100 list, acquisitions, and industry insight top the list of the past year’s most-viewed stories on Growth and expansion make the most appearances with acquisitions by US LBM and Builders FirstSource gathering attention online. While by no means a comprehensive look into the state of the LBM industry, our LBM Journal top 10 for 2022 shows what our readers have been clicking on the most. Here’s the list, starting with the 10th most viewed article:

10. Carter Lumber purchases Myrtle Beach component facility

Carter Lumber finalized the purchase of a facility and property near Myrtle Beach, South Carolina in September. The property will house a component and millwork manufacturing plant. This is Carter Lumber’s 14th component manufacturing plant, and the first in South Carolina.

9. Volatility of lumber prices hits high not seen since end of World War II

Analysis from the National Association of Home builders in January 2022 showed the December 2021 cost of lumber drove an uptick in the cost of building materials. The price of softwood lumber had increased nearly 45% since September 2021.

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8. CEO transition underway at Builders FirstSource

In November, Builders FirstSource, the top supplier on the 2022 LBM 100 list (more on that at the bottom of this list), announced that its CEO, Dave Flitman, had stepped down. Dave Rush, executive vice president, was named interim CEO. A week later, news broke that Flitman had emerged as CEO at US Foods,  one of the largest food service distributors in the country.

7. US LBM to acquire Foxworth-Galbraith

US LBM announced in July that an agreement had been reached to acquire Texas-based Foxworth-Galbraith Lumber Company, a prominent building products supplier to building professionals and homeowners in the Southwest. Foxworth-Galbraith was founded in 1901 by W.L. Foxworth and H.W. Galbraith, and operated 28 locations across Arizona, Colorado, New Mexico, and Texas under the Foxworth-Galbraith banner and two locations in Oklahoma under the Forest Lumber brand.

6. Hot Products from the 2022 International Builders’ Show

Our March issue highlighted some of our favorite products found at the 2022 International Builders’ Show, held Feb. 8-10 in Orlando, Florida.  The show featured more than 1,200 exhibitors and covered more than 450,000 square feet of exhibit space.

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5. New home sales fall 8.6% in March

Not all of the most-read news is good news. Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March.

4. Curtis Lumber prepares for sixth generation

In October, we shared the story of Curtis Lumber, of Ballston Spa, New York. There, Kylie Holland is in the early stages of transitioning to an ownership role as her father, Jay Curtis, is looking down the road to retirement.

3. Builders FirstSource acquires National Lumber

Builders FirstSource announced in January that it had acquired National Lumber, the largest independent building materials supplier in New England. National Lumber operated 19 facilities and employed more than 700 people across Massachusetts, Connecticut, and Rhode Island.

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2. How an acquisition’s working capital peg is calculated

John Wagner’s Mergers & Acquisitions column from our September issue comes in second on our list of top viewed stories in 2022 and provides an “inside baseball” look at a key point in an acquisition’s value.

1. 2022 LBM 100 list shows big gains, new challenges

Our second-ever LBM 100 list highlighted the leading dealers’ booming sales from 2021, as well as their ability to navigate both supply chain and labor challenges. As we look ahead to what may be some of the most-read stories in 2023, chances are some of the big acquisition stories above will have an effect on the 2023 LBM 100 list.

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