Saks 5th Ave Manhattan, all boarded up. Analyst EQECAT doubled its post-landfall Hurricane Sandy damage estimates to $30 - $50 Billion, with less than half, $10 - $20 billion of it, covered by insurance. For cabinetmakers, furniture repair and home remodelers, Hurricane Sandy is the biggest story of the week, and possibly the year, as it drives thousands of homeowners to restore, remodel and rebuild their home - with communities in New Jersey hardest hit.
Contractors driving through storm-ravaged areas say they are being in New York and new Jersey say they are being stopped by homeowners asking for help on projects.
Analyst EQECAT doubled its post-landfall Hurricane Sandy damage estimates to $30 - $50 Billion, with less than half, $10 - $20 billion of it, covered by insurance.
Businesses (Saks Fifth Ave., New York at left) and homeowners deployed plywood defenses against the storm, and the reconstruction process has driven up Home Depot's stock price. Preparing for the devastating storm, Home Depot, Lowe's and other big box stores staged truckloads of building products and other needed supplies within quick driving distance of the areas likely tp be hit by storms. Home Depot and Lowe's each closed just two stores in the affected areas.
Logistics firms shipping logs, lumber and finished furniture and cabinets are still, like the
airlines, recovering and recalculating how to get shipments moving.
Another acquisition by Patrick Industries - this time the purchase of Middlebury Hardwoods, a wood door and component manufacturer for the recreational vehicle industry, also was among wood industry stories most viewed this week, along with these reports:
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Unique Joinery Wins Deal for New Breed Furniture |
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Pallet Maker Again Cited for Amputation Hazard Violations |
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Masco Cabinetry Sales for Q3; Cabinet Sales Drop |
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Custom Furniture Maker Plant Auctioned |
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Wood Groups Take Sides on Hardwood Plywood Dumping Debate |
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Home Depot Finalizes $94M US Home Systems Buyout |
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Mohawk to Acquire Pergo Laminate Flooring for $150M |
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Home Remodeling Index Jumps to 2005 Levels |
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Wood Warms Martian Embassy |
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Middlebury Hardwood Sold to Patrick Ind. Using Credit Facility |
Read most viewed wood industry stories for October 2012>>
Bill Esler, Associate Publisher/ Editor in Chief, Woodworking Network Bill is responsible for editing Custom Woodworking Business and coordinating all content for Wood & Wood Products , CLOSETS , Woodworkingnetwork.com and Closetsdaily.com, along with related newsletters. Bill’s expertise includes using innovative print manufacturing techniques to grow audience engagement, using textured offset, digital printing, purls, QR codes; and lead-generating webcasts, custom websites, and custom digital and print content.
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