MasterBrand Cabinets parent Fortune Brands reported strong first quarter sales of $799 million, up 12 percent; cabinetry sales rose 3.9 percent to $311 million.
Patrick Industries, Inc., a major manufacturer and distributor of building and component products for the recreational vehicle, manufactured housing and industrial markets, today reported its financial results for the first quarter ended April 1, 2012.
Canfor Corporation reported a net loss attributable to shareholders ("shareholder net loss") of $16.2 million, or $0.11 per share, for the first quarter of 2012, compared to a shareholder net loss of $44.1 million, or $0.31 per share, for the fourth quarter of 2011 and shareholder net income of $7.0 million, or $0.05 per share, for the first quarter of 2011.
Mirroring the uneven economic recovery, the housing market is expected to move in a slow, gradual upward path in 2012, while encountering its share of speed bumps along the road, according to economists participating in yesterday's National Association of Home Builders (NAHB) construction forecast webinar on the housing and economic outlook.