Job growth and household formations are well on track to support a turnaround in the housing industry, according to Ara Hovnanian, president and chief executive officer of Hovnanian Enterprises.
EHolding Technologies, Inc. late last month announced it has ended discussions to acquire California-based Kavco Construction Components, Inc., currently doing business as Precise Panel of Southern California.
Quest Solutions has been awarded the second place ribbon in the Temple W. Harris Innovative Product & Technology Award, which is given annually to select Construct Canada exhibitors that have demonstrated the development and/or use of innovative construction technologies.
In November, BASF Corp. was awarded the New Jersey 2006 Governor’s Environmental Excellence Award. The award is in recognition of the company’s demonstration home located in Paterson, N.J., and its subsequent educational program promoting affordable, energy-efficient homes and environmentally sensitive homebuilding for the average homeowner.
The Insulating Concrete Form Association recently wrapped up its final twice-a-year meeting in Milwaukee. With more than 300 individuals attending the show, it was one of the association’s largest meetings.
Remodeling activity picked up in the third quarter of 2006, according to the National Association of Home Builders’ Remodeling Market Index. The current market conditions index increased from 45.6 to 47.8 on a seasonally adjusted basis and future expectations moved up by nearly two points to 45.4. The RMI measures remodeler perceptions of market demand for current and future residential remodeling projects.
Worthington Industries Inc. has consolidated a part of its metal framing business that serves the military and single-family residential construction markets under the newly created Worthington Integrated Building Systems.