Legacy Search

12/31/2021

From everyone here at Legacy Search, we want to wish you a Happy New Year! Thank you to everyone for your support this past year. We appreciate the opportunity to share the latest lumber and building supply news with you! We will be taking the weekend to celebrate the past year and plan for the new one to come.

Have a great last day of the year!

12/30/2021

Richards Building Supply of Homer Glen, Illinois is purchasing SIBCO Building Products. Ronald Guzior, CEO of RSB, said "SIBCO was a natural choice for the addition to our portfolio with their commitment to service and family values." Richards Building Supply is a family-owned independent wholesale distributor of building materials established in 1978.

12/29/2021

Earlier this week, Associated Builders and Contractors announced the release of its Safety Technology Guide.

The guide is designed for contractors who are looking to implement new technology and innovate on their job sites. "To be a leader in the industry, contractors must be willing to innovate to deliver work and ensure our workforce gets home safely every single day," said Matthew Abeles, ABC vice president of construction technology and innovation, in the press release.

12/28/2021

According to The Lumber and Building Materials Magazine there are four major things to be on the lookout for when it comes to the 2022 Housing Market. We wanted to share those with you and get your opinions.

Read over their four predictions below and leave your thoughts in the comments below:
1. Mortgage rates will rise.
2. Home prices will continue to rise, but at a slower pace.
3. Bidding wars will wane.
4. Housing inventory will remain tight.

12/27/2021

The American Society of Civil Engineers (ASCE) has released a new standard for protecting buildings from tornado damage. With the recent tornadoes across the U.S., this comes at a great time. To read more about their plan, visit the link below.

Designed for critical infrastructure such as fire departments and hospitals, the new standards offer ways to protect a building from a majority of twisters.

12/24/2021

As we walk into the Holiday weekend, we would like to wish everyone a Merry Christmas and Happy Holidays! We hope your weekend is full of great company, great food, and even better conversations!

12/23/2021

ABC Supply Co. Inc. has acquired the assets of Siding Sales Inc. located in Kentucky. The acquisition includes Siding Sales Inc.’s locations in both Bowling Green and London, Kentucky.

ABC Supply says the acquisition allows the company to enhance its services in both existing and new markets and strengthen relationships with professional contractors across central and southern Kentucky.

12/22/2021

Freddie Mac, a leading mortgage loan company, released their Primary Mortgage Market Survey recently showing that the 30-year fixed-rate mortgage averaged at 3.12% ending December 16, 2021. A year ago, the 30-year FRM averaged 2.67%.

Could this mean a steady rise in mortgage rates through 2022? Let us know your thoughts below.

12/21/2021

New home construction in the U.S. rebounded 11.8% in November as strong demand continues to boost builder confidence even with the slower winter season approaching. Construction of both single-family homes and apartments were strong in November, with both seeing low double-digit percentage increases from October.

“It is best to just keep in mind that builders have more than enough work to keep them busy and interpret the ups and downs in the numbers as mostly noise and seasonal volatility,” said Stephen Stanley, chief economist for Amherst Pierpont.

12/20/2021

Lowe’s has announced that it will donate $1 million to support immediate relief and recovery efforts after tornadoes cut through Kentucky and the Nation’s heartland.

Less than 24 hours after a tornado swept through Mayfield, Kentucky, associates from Lowe’s in Mayfield spent their Saturday boarding up the Mayfield police department and city hall. Associates donated batteries, water, and other supplies.

The $1 million donation will assist Lowe’s disaster relief partners including the American Red Cross and Lowe’s nonprofit Pro customers.

12/17/2021

Stadium 974, home of the 2022 World Cup Stadium, has plans of a new look! The arena is located in Doha, Qatar, and is made of shipping containers and modular, structural steel. Fenwick Iribarren Architects designed the project to be completely demount-able.

The design is provided to reduce the overall construction cost, timeline and material waste. We can't wait to see this new look and how it gives a look into the future of non-waste construction.

12/16/2021

Ashton Woods Homes announced that it has acquired the assets of Capitol City Homes, the fifth largest private home builder in Raleigh, North Carolina.

“We are excited to welcome the talented team from Capitol City Homes into the Ashton Woods/Starlight Homes family,” says Ken Balogh, CEO at Ashton Woods.

The acquisition further expands the land positions of both Ashton Woods and its subsidiary, Starlight Homes in Raleigh market, with over 1,500 total lots and homes owned and controlled across approximately 40 communities.