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Latest news and updates from Associated Building Supply Inc. 


 

PRESS - DWM Magazine 2016. Housing Revs Up for Big Growth in 2016

Housing’s long, slow road back form the Great Recession has been full of fits and starts, but it appears to be finally hitting the accelerator. Most major forecasts released this fall see strong, steady growth for home construction into 2016 and beyond, bolstered by an improving economy. Though the housing market is currently at 53 percent of normal, by the end of 2016, single-family housing starts are forecast to hit more than 900,000 units, or about 74 percent of normal. That number could rise to more than 1 million units, or 91 percent of normal by 2017 especially as remodeling grew 6.8 percent in 2015 and is expected to grow 6.1 percent in 2016.

Scott Thurber, Vice President of Associated Building Supply Inc. says, “Housing prices continue to escalate on the San Francisco Peninsula and in the Bay Area from San Jose to San Rafael. We’re seeing the same in Southern California. The influx of foreign money, specifically China, into California is also driving demand in the housing market. We haven’t seen the real estate market this strong in the Bay Area and Southern California in years. The midrange segment is flourishing too, and seems to be enjoying the most significant appreciation. We’re watching sleepy beach town shift to destination resort areas, driving real estate prices and demand up. An example of this is Santa Cruz. Two years ago, a 900-square-foot, two-bedroom, one-bath, non-ocean-view home was selling for $550,000. Today, the same home is selling for $780,000. This is a byproduct of Santa Cruz upgrading their downtown, community facilities and attracting more high-end business.” Click HERE to read the full article.

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PRESS - DWM Magazine 2016. ABSi Top Window and Door Dealer Nationally

THRIVING IN A COMPETITIVE MARKET

DWM magazine’s top door and window dealers sport some impressive stories behind numbers on both coasts and Associated Building Supply is a perfect example as it has tripled in size in just four years. Though competition was fierce, ABSi persevered allowing them to move from their No. 37 position in 2014 to the No. 23 spot now. The company moved up the list as it added two more locations in the past year and continues its growth. In fact, ABSi’s Vice President Scott Thurber says sales revenue has grown more than 40 percent each year for the last three years. “We have tripled in size in four years,” he says.

That growth will no doubt continue thanks to a new division formed in 2015: The Luxury Production Home Division (LPHD). “This division alone is forecasted to add an additional $5 million in revenue in 2016,” says Thurber. He describes this new venture as one that provides residential homebuilders and developers who build high-end production homes with the finest-quality door and window products in conjunction with unmatched value-added services.

“We are committed to consistently provide an exceptional value proposition that will earn the confidence and ultimately, the trust of our customers,” Thurber concludes.

Click HERE to read the full article.

ABSi WINS Best of Houzz 2016!

houz2016January 22, 2016 - Associated Building Supply Inc., has won the Best of Houzz (2016) in the category Customer Service for the second year in a row! Houzz is the leading platform for home remodeling and design and this is quite a feat as only 3% of Houzz Pros win this award. Associated Building Supply Inc., was chosen by the more than 35 million monthly unique users that comprise the Houzz community from among more than one million active home building, remodeling and design industry professionals.

 

“Anyone building, remodeling or decorating looks to Houzz for the most talented and service-oriented professionals” said Liza Hausman, vice president of Industry Marketing for Houzz. “We’re so pleased to recognize Associated Building Supply Inc., voted one of our “Best of Houzz” professionals by our enormous community of homeowners and design enthusiasts actively remodeling and decorating their homes.”

 

Please be sure to follow Associated Building Supply Inc., on Houzz.

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