The post KCG/Rew Materials Join Foundation Building Materials (FBM) appeared first on Foundation Building Materials - Construction Materials.
]]>REW Materials has been a successful and well-respected distributor of interior and exterior building materials, with operations across 23 states. The addition of 800 REW employees and 45 distribution branches will further expand and strengthen the FBM national footprint. With these new team members and facilities, FBM is able to increase our product offerings to builders, contractors and the overall construction trades.
Please join me in welcoming the REW Team to the FBM Family.
If you have any questions, please contact your local FBM leader, they will be happy to update you regarding this exciting development.
Thank you,
Ruben Mendoza
President & CEO
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]]>The post Discover the Excellence of Schluter® at FBM: Your Go-To for Top-Quality Building Products appeared first on Foundation Building Materials - Construction Materials.
]]>Leading Product Lines
Why Choose Schluter®?
Quality and Efficiency Schluter® stands out for its commitment to delivering high-quality materials that don’t break the bank or your schedule. With Schluter® products, you can expect less time spent on installation and fewer issues down the line. Their systems are designed to reduce total installation time and mitigate the risks associated with water and vapor penetration, such as efflorescence and mold growth.
Product Range Schluter® offers an extensive array of products to meet your diverse needs:
Connect with Our Product Specialists
Ready to enhance your next project with Schluter® products? Our team of Product Specialists is here to assist you. Click below to get in contact and explore how Schluter® can make a difference in your next job.
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]]>The post Foundation Building Materials Distributing Mapei’s Premium Adhesives, Grout, and Thin-Set Products, Currently Available in Select Markets appeared first on Foundation Building Materials - Construction Materials.
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Mapei has established itself as a trailblazer in the building materials industry, thanks to its top-notch product lines that cater to a variety of building needs. Here is a closer look at their products:
Rapid-Setting, “All-in-One” Grout Replacement for Sanded and Unsanded Grouts
Visit an FBM Branch in Southern California, Florida, New York or Georgia to explore Mapei’s product offerings and discover how these industry-leading solutions can transform your building and renovation projects.
Visit fbmsales.com for more information or set up an account today at myfbm.com to order online, track orders and manage your account!
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]]>The post Unified Door & Hardware Group sold to Foundation Building Materials appeared first on Foundation Building Materials - Construction Materials.
]]>The post Unified Door & Hardware Group sold to Foundation Building Materials appeared first on Foundation Building Materials - Construction Materials.
]]>The post CD&R Joins American Securities as an Investment Partner in Foundation Building Materials appeared first on Foundation Building Materials - Construction Materials.
]]>The post CD&R Joins American Securities as an Investment Partner in Foundation Building Materials appeared first on Foundation Building Materials - Construction Materials.
]]>The post Elevating Supply and Stocking Efficiency with JLG® Telehandlers: Foundation Building Materials Approach appeared first on Foundation Building Materials - Construction Materials.
]]>1055 JLG Telehandler: Precision and Adaptability
The 1055 JLG Telehandler represents FBM’s dedication to precision and adaptability. With a robust lifting capacity of 10,000 pounds and an impressive 55-foot lift height, it expertly handles the movement of heavy materials across varying elevations. Its 42-foot reach ensures accurate material placement, making it an ideal choice for projects of diverse scopes. Whether it’s positioning door frames or transporting bulk materials, the 1055 model showcases FBM’s commitment to seamless operations.
2733 High Capacity JLG Telehandler: Tackling Heavy-Duty Challenges
FBM’s commitment to excellence is evident in the use of the 2733 High Capacity JLG Telehandler. Boasting an impressive lifting capacity of 26,600 pounds and a 33-foot lift height, it becomes an indispensable tool for heavy-duty projects. With a reach extending to 17 feet 7 inches, it enables precise material positioning. The 2733 model empowers FBM to undertake substantial tasks with finesse, solidifying our reputation for efficiency and reliability.
The synergy between FBM and JLG Telehandlers represents operational efficiency. On California’s dynamic construction sites, these machines act as catalysts for quick and accurate material movement. Whether it’s the 1055 or the 2733 model, FBM’s ability to cater to projects of varying complexities remains unmatched.
Driving Project Progress
JLG Telehandlers redefine how FBM approaches construction projects. Seamless material management, precise load positioning, and expedited project timelines are natural outcomes of these machines’ capabilities. Their pivotal role underscores FBM’s dedication to delivering top-tier materials and solutions across California’s construction market.
As FBM continues its mission to serve the professional construction trades, the strategic deployment of JLG Telehandlers emerges as a cornerstone of our approach. These machines embody FBM’s commitment to delivering excellence within California’s construction landscape. With the 1055 and 2733 models as our trusted partners, FBM strides ahead, reshaping construction efficiency and contributing to a brighter future for California.
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]]>The post Acquisition of Sices Material Products in Gary, IN appeared first on Foundation Building Materials - Construction Materials.
]]>The Sices Material Products business was started in 1948 and has been a consistent supplier of building materials to contractors in Gary, Indiana for the past 75 years. Sices Material Products distributes drywall, steel framing, ceiling systems, lumber, and general building products.
This new FBM Branch will be part of the Great Lakes Region #905.
Please join me in welcoming the Sices Team to the FBM family.
FBM Branch #293
Gary, IN – Great Lakes Region
2609 West 9th Avenue, Gary, IN 46404
Phone: 219-949-7436
Fax: 219-944-1647
Branch Manager: Patrick Strickland
Please direct any questions to Scott Brown, Great Lakes Regional Vice President.
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]]>The post Foundation Building Materials Becomes First-Ever Official Jersey Partner of Angels Baseball appeared first on Foundation Building Materials - Construction Materials.
]]>This is truly a local Orange County partnership, 12 years ago Foundation Building Materials (FBM) first opened its doors at a single location about a mile from Angel Stadium. Today, FBM is headquartered in Santa Ana and has grown into a building materials industry leader with over 270 locations across North America.
The FBM Jersey Patch will be proudly featured on the sleeve of all on-field Angels players, manager and coaches’ jerseys. The FBM logo features a lone Cypress Tree, representing FBM, a company built and grown on a firm foundation, able to withstand the test of time.
We look forward to a successful season with our new partners, the Angels!
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FBM/RIS Branch #537
Denver, CO – RIS Titan
300 West 53rd Place, Suite J
Denver, CO 80216
Phone: (720) 778-2828
Branch manager: Yvonne Anderson
Please join us in welcoming Titan to the FBM/RIS Family, questions can be directed to Drew Everhart the Regional Vice President of RIS.
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]]>The post Building Materials Market Update – 4th Quarter 2022 appeared first on Foundation Building Materials - Construction Materials.
]]>To Our Valued Customers,
Welcome to the home stretch for 2022. It has been another year filled with a range of unexpected issues which have surfaced within our industry, country, and in many cases the world.
Transportation and freight continue to be a challenge with diesel fuel staying around $6 per gallon and a depletion in supply causing concern. Driver shortages continue to plague all industries reliant on over-the-road trucking.
Single-family housing is under economic headwinds on many fronts. Mortgage Interest rates have risen quickly from under 3% to now sitting at north of 7%. These increases will surely continue to impact single-family housing permits, starts, and completions in nearly all markets. (Figure 1. U.S. New Residential Construction Trends). Supply chain issues have improved in the last six months for a range of building materials that were experiencing lengthy lead times earlier this year. There are still a few products that continue to be problematic. Labor shortages are prevalent in nearly all trades. Multi-family construction and commercial activity remain strong in most markets, however, the Architectural Billing Index (ABI), a clear indicator of demand for new non-residential projects, dropped to 47.7 in October after trending above 50 since February of 2021. While the lead time on commercial projects is significantly longer than single-family housing the same headwinds facing single family will likely impact commercial activity at some point in the future.
Figure 1. Current and Forecasted Construction in the U.S. (https://www.census.gov/construction/nrc/pdf/newresconst.pdf)
Figure 2. provides a useful summary view of the forecast for residential, non-residential, and non-building structures through 2026, including indicators for recession years. (FMI 2022 North American Engineering and Construction Outlook Fourth Quarter Edition, 2022).
Figure 2. Current and Forecasted Construction in the U.S.
Commentary By Major Product Category
Our view and outlook for the building materials industry by category for the end of 2022 and early 2023 are as follows.
Drywall – Most of the supply chain issues we have all experienced appear to be behind us, however one area still experiencing tight availability is the Southeast. Recently, a major drywall manufacturer notified us of a price increase, this could be a signal that others may follow. Glass-mat products continue to experience supply issues, primarily due to the limited availability of the facer component. We sense that glass-mat products will be in very tight supply throughout 2023. Wallboard pricing will moderate in 2023. We anticipate a first-quarter increase of around 10% to offset continued raw input increases, particularly in natural gas. The remainder of 2023 should see a very calm pricing environment.
Insulation – Availability has increased for insulation products. Fiberglass, mineral wool, and spray foam have all greatly improved shipping cycles in the last few months. Raw input costs, particularly natural gas, continue to cause prices to rise. Additionally, fiberglass and mineral wool increases have been announced for mid-December.
Joint Compound – Barring any unforeseen supply chain disruptions like the winter storm that struck the Houston metro area in 2021, joint compound should remain readily available throughout 2023. Drywall tape has been in short supply due to manufacturing issues and the major hurricane in Florida. This tightness in supply should be a short-term issue that will ease as we enter 2023.
Ceilings & Grid – Following unusually high increases in 2022, we expect pricing in this area to return to a normal cadence. Historically in this product category, a mid-single-digit increase in the first and second half of the year was typical. Our view is that 2023 will reflect a more historical pattern. Product availability is strong for this category.
Steel – Supply chain issues were the root cause of this category’s rapid rise in 2021-2022. In 2023, we expect this to change to a pattern of price moderation. Increased worldwide availability combined with weakened demand for automotive and appliance categories will likely cause construction steel products to experience some deflation in 2023, with availability returning to a normal cycle. According to the American Iron and Steel Institute (AISI), domestic steel output was 1,688,000 net tons in the week ending Oct. 15, with utilization running at about 76%. Some softening is showing, in which rates above 80% utilization are considered strong, and rates at the peak of demand were running at 85% for a 3-month period. (Clark Dietrich, Domestic Market Update Nov. 22).
Figure 3. Base Steel Price Trends (Clark Dietrich, Domestic Market Update Nov. 22).
EIFS/Stucco – Lead times have returned to a more normal cycle for EIFS and stucco products. With this category being heavily involved in the commercial and multi-family sectors, we anticipate a price increase of around 10% in February.
These guidelines are our best attempt to help you understand what the future may hold. In no way are we able to guarantee what the future may bring. For example, the impacts in Florida associated with Hurricane Ian are a good reminder of how quickly a market can be disrupted by events beyond our control. We will strive to give you the most current information as we receive it.
Thank you for your business and continued support.
Sincerely,
Kirby Thompson
Chief Sales Officer
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