LMC Purchases Soar, More Than $4 Billion for 2017
2017 was a record-breaking year for LMC. The 82-year-old forest product and building materials co-op finished the year at more than $4.3 billion—a 13 percent increase from 2016.
“This milestone is truly a representation of the power of the LMC network,” said John Somerville, LMC President and CEO. “What makes LMC stand out, is the dedicated partnerships between loyal stockholders, suppliers, and staff.”
LMC collectively is the largest LBM co-op—proven by LMC continuing to outpace the market. In 2017, the LMC Dealer share of new home and multi-family construction continued to grow. Looking forward to 2018, the pent-up demand for new homes from millennial buyers should lead to another strong year in the real estate market with increases equal to or better than 2017.