Scholl Truss and Component Co. (STACC), a six-year-old Houston-based manufacturer of wall panels, roof trusses, and floor trusses, will close sometime in October once it fulfills its current contracts. A company official said today the downturn in multifamily construction led to the decision.
STACC was founded by Scholl Forest Indutries in March 2003 to serve single-family and townhome builders, the company's website says. In 2004, it began construction a 66,000-square-foot manufacturing facility located on an 18-acre site in Houston.
Starts of multifamily housing of five units or more, measured at a seasonally adjusted annual rate, have fallen by 75% between June 2008 and June 2009, according to the federal government's June report on new residential construction.