Development

Preservationists Fight 128-Year-Old Charleston Lumberyard's Plan to Develop Property
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Preservationists Fight 128-Year-Old Charleston Lumberyard's Plan to Develop Property

Developers seek to move "historic" building on site as part of $30M plan More

How To Win Government Business
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How To Win Government Business

It takes patience and a willingness to deal with red tape, but in time the... More

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Feds Update Guidance on Fixing Homes With Tainted Drywall

The federal government's Consumer Product Safety Commission and Department of Housing and Urban Development released updated guidance for fixing homes with tainted drywall that damaged new homes' electrical equipment, corroded pipes, created foul smells, and led to residents' health problems. More

Mike Wall
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Mike Wall

Mike Wall discusses his job running a company that started operations in Montana... More

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Banks Loaned 29.3% Less for Construction in 1Q

The amount money loaned by banks for construction and development fell 29.3% in the first quarter from the year-earlier period to reach just $295.51 billion, the Federal Deposit Insurance Corp. reported. More

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ABC Moves Founder's Stepson and Son into New VP Roles

ABC Supply named. Brent Fox, formerly vice president of divisional operations, as vice president of national business development and Kevin Hendricks, formerly vice president of branch operations, as vice president of divisional operations and strategic business units. More

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With Federal Help, 84 Pays Off $195M, 18% Loan

84 Lumber closed a deal that uses federal and private loans to pay off the rest of a $195 million, 18% interest loan that has hobbled the LBM giant's operations. The deal has raised eyebrows within the building supply community because much of the payoff comes from $20 million worth of federal community development grants. More

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HUD Approves $20M in Fed Loans To Assist 84 Lumber

The U.S. Department of Housing and Urban Development (HUD) has approved a $15 million loan guarantee to the Commonwealth of Pennsylvania and a $5 million loan guarantee to Washington County, Pa., to help 84 Lumber Co. pay off the remains of a crushing $195 million, 18 percent interest loan. More

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Overdue C&D Loans Continue To Plague Banks

Nearly one out of every six dollars that banks currently have out in construction and development loans--16.63%--are at least 90 days past due as of Sept. 30, and another 2.23% are 30 to 90 days in arrears, the latest Federal Deposit Insurance Corp. Quarterly Banking Profile shows. More

Hear That Echo?
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Hear That Echo?

Get ready. A new generation of homebuyers is just reaching adulthood. More

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