flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

COVID-19: Principia report tracks impact on lumber and building materials

Coronavirus

COVID-19: Principia report tracks impact on lumber and building materials

Most dealers and distributors of lumber and residential building products are still operating, although with some restrictions on supplies and services. 


By ROBERT CASSIDY, EXECUTIVE EDITOR | April 5, 2020
LBM building materials revenue 2019

Lumber and building materials revenue totaled $72 billion in 2019, according to Principia.

Principia, a provider of business insights to the building materials and business construction industry, tracks $72 billion of residential revenue sold in selected building product categories (roofing, siding, exterior trim, windows, doors, decking, railing, and insulation) through the lumber and building materials (LBM) channel in 2019. Remodeling and repair represented $46 billion (over 64%) of channel revenues, with new construction accounting for $26 billion.

Principia's has issued a bulletin on COVID-19 impact on LBM distribution.

 

MOST LBM DISTRIBUTORS ARE STILL OPEN FOR BUSINESS

Distributors are open for business, with most states also deeming them essential.

  • Most distributors are not experiencing material shortages, except in areas like personal protection equipment and some stuff from China.
  • Deliveries from suppliers are proceeding apace. Some distributors have heard from dealers that they would like to push April deliveries to May. If this activity is widespread, distributor inventory levels will start rising, leading to a pullback on orders from suppliers.Focusing on inventories and receivables. Distributors are staying in touch with their dealer customers and watching their accounts receivables and destocking efforts at the same time they are watching their own accounts receivables and inventory levels.
  • Distributors are staying in touch with their dealer customers and watching their accounts receivables and destocking efforts.
  • Areas with higher concentrations of COVID-19 cases are reporting more disruptions. Distributors overexposed to a state where construction has not been exempted are faring less well than their counterparts.

 

MOST STATES DEEM LBM DEALERS 'ESSENTIAL BUSINESSES'

Most states have deemed building materials dealerships essential, so most dealers are open for business.

Most have made changes to operate safelyreduced store hours, limitation on the number of people entering the building at one time, more reliance on curbside pickup and online orders with store pickup.

Small dealers in states where construction has not been exempted from stay-at-home restrictions are faring worse than those in other states. Dealers are watching inventory levels and are slowing restocking of slow-moving products.

This map correlates COVID-19 intensity with LBM distribution tracked by Principia:

COVID-19 intensity by state vs LBM distribution - map

State colors indicate relative COVID-19 case load as of 04-02-01: red, above average; yellow, average; green, below average. Dots represent Principia-tracked locations. Map © 2020 Mapbox  © OpenStreetMap  Source: Principia

Related Stories

Coronavirus | May 28, 2020

Cushman & Wakefield report examines work-at-home pros and cons

The office, now part of a larger workplace ecosystem, still reinforces employees’ connections with their companies.

Coronavirus | May 27, 2020

Clean is the new Green as U.S. hospitality sector inches closer to reopening

Three design firms share their takes on what will make customers more comfortable about returning.

Coronavirus | May 26, 2020

Multifamily developers report mounting delays in permitting and starts due to coronavirus pandemic

More than half (53%) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the third edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey.

Coronavirus | May 26, 2020

9 tips for mastering virtual public meetings during the COVID-19 pandemic

Mike Aziz, AIA, presents 9 tips for mastering virtual public meetings during the COVID-19 pandemic.

Coronavirus | May 22, 2020

Designing a health facility for the next pandemic

Planning with intent is the key to readiness, states Eppstein Uhen Architects, the guide’s author.

Coronavirus | May 22, 2020

COVID-19: Healthcare designers look to the future of medical facilities in light of coronavirus pandemic

The American College of Healthcare Architects (ACHA) has released the key findings of a survey of its members revealing their insights on the future of healthcare architecture and the role of design in the context of the COVID-19 healthcare crisis.

Coronavirus | May 18, 2020

Will empty hotels provide an answer for affordable housing shortage?

A Los Angeles-based startup sees the Midwest as most fertile for adaptive reuse.

Coronavirus | May 18, 2020

Infection control in office buildings: Preparing for re-occupancy amid the coronavirus

Making workplaces safer will require behavioral resolve nudged by design.

Coronavirus | May 18, 2020

Global design firms collaborate on new COVID-19 mobile testing lab to bring testing to vulnerable communities worldwide

Perkins and Will, Schmidt Hammer Lassen Architects, and Arup Group develop scalable solutions for increased testing capacity within high-density and under-served neighborhoods. 

Coronavirus | May 11, 2020

Experts offer a 13-point plan to reduce coronavirus deaths in nursing homes

Two nationally recognized experts in the design of senior living facilities offer a 13-point plan to protect our frailest citizens.

boombox1
boombox2
native1

More In Category


MFPRO+ Special Reports

Top 10 trends in affordable housing

Among affordable housing developers today, there’s one commonality tying projects together: uncertainty. AEC firms share their latest insights and philosophies on the future of affordable housing in BD+C's 2023 Multifamily Annual Report.



halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021