September 2022 Newsletter

View this email in your browser

New South News

Dear Friends,

Summer is officially over, but here in the South you can’t tell that with many days still in the 90’s. The construction economy in our markets is still strong as businesses want to be located here and people want to move here too.

Softness in other markets has caused the manufacturers of most of the products we distribute to slow down or stop prices increases although we aren’t seeing a lot of price decreases…yet. For a closer look at pricing for our key products, see below.

Rebar has remained flat through August and thus far through September. Shredded scrap pricing posted down only $10 per ton from August’s number with the slight dip having no effect on the current market. With current rebar demand remaining steady, but not at the high pace of prior months, domestic mills have been able to adequately keep up with distribution and market consumption levels. Most high-volume buys are still being scheduled based on rebar production rollings, but spot needs and low volume requests between rollings have mostly been able to be fulfilled with shorter lead times.

Import rebar continues to gain momentum in certain markets. Competitive pricing versus domestic rebar is now being seen in markets such as Florida and Texas. The diminishing international demand for rebar has allowed rebar importers to once again focus on moving rebar into the US. Domestic freight is still high and the cost to move material over long distances remains a factor, so the competitiveness of import rebar is greater the closer the final destination is to the port of entry.

Inventory and availability also remain strong with regards to wire mesh reinforcing. Overall market demand for mesh has slowed down over the past months and domestic mills are looking to move product. Pricing continues the slow downward trend seen over the previous few months, with most requests for material able to be fulfilled within two weeks. Quicker lead times have many distributors reducing overall sitting inventory down to one- or two-months’ supply. This is an extreme change from a year ago where distributors were purchasing six or more months’ worth of inventory due to extended manufacturing lead times.

The lumber market continues to bump along the bottom. Slight pricing increases or decreases are occurring almost every week, but typically only last for the week. One specific grade and size may see a $20 increase one week and then see a decrease near the same amount the next. These little bounces up and down seem to be occurring across most grades, sizes, and species. With the threat of a potential railroad strike now behind, there is not much expectation for pricing to dramatically shift up or down in coming weeks.

Polyethylene sheeting is following a similar trend to the other commodities listed above. Demand has subsided some and available inventory and production time have increased. Lead times for standard sizes and mill thicknesses are currently running two to three weeks. Occasionally this lead time can even shrink down to a week. Recent pricing is reflecting the current availability with manufacturers willing to move on pricing to get orders. 

Contractors’ input costs declined again on balance in August, while bid prices rose, according to Bureau of Labor Statistics (BLS) data posted on September 14. Specifically, the producer price index (PPI) for material and service inputs to new nonresidential construction slid 1.1% for the month, while the PPI for new nonresidential building construction—a measure of the price that contractors say they would bid to build a fixed set of buildings—rose 0.3%. The bid-price index rose 23.9% year-over-year (y/y), while the input index climbed 13.0%. Despite the recent decline in some input prices, the y/y gain still exceeds the increase that consumers or most businesses have experienced: the consumer price index rose 8.3% y/y and the PPI for final demand (all industries) climbed 8.7%. AGC posted tables of construction PPIs.

Click here for the latest update on the construction economy from Ken Simonson, the chief economist of the AGC.


This month, we are catching up with the team over at Palmetto Concrete Group, based out of Mt. Pleasant, South Carolina. Palmetto Concrete Group was established in South Carolina by Skylar Ashby in 2016. They specialize in heavier foundations as often required in the Charleston area as well as elevated slab and vertical concrete as a turnkey subcontractor. To learn more about them, click here.


Owens Corning

Premier supplier of insulation, roofing, and fiberglass composites

Hohmann & Barnard

Innovative masonry solutions

Owens Corning FOAMULAR®

Enclosure solutions


Grant Denny, Sales Manager, Jacksonville, Florida

Our Associate Profile this month is of Grant Denny, a Sales Manager in our Jacksonville, Florida branch. Grant was the founder of Increte of North Florida, a company that became party of New South last November. Grant was born in Gainesville, Florida and graduated from Fletcher High School. He then attended the University of North Florida where he earned his bachelor’s degree in Transportation and Logistics.  Grant has been married to wis wife, Melanie for 39 years. They have two children, Ashlyn Denny Scott, a 4th grade teacher in Sasche, TX and Louis Denny, a Sales Manager for us in Jacksonville. In his spare time he enjoys offshore fishing and golf. He enjoys Gator football and tries to travel to an away game each year He was previously employed by Increte of North Florida from 2004 to November 2021. It has been great to have Grant and his experienced team join us.


Our management article this month is a chapter from my book on benchmarking as printed in the September issue of the Upstate Business Journal. Benchmarking is a great way to compare your business to a like one so both companies can learn from each other. Click here to read how I have benchmarked over the last 40 years.

That’s all for this month. I hope the summer was good from you and your business. As always, if we ever fail to meet your expectations, I’d consider it a personal favor if you would let me know about it. My contact info is below.

Best regards,

Jim Sobeck
President & CEO 864-263-4377 (Direct Line)

Main Office/Branch: Greenville, SC
Other Branches in:
Columbia | Charleston | Myrtle Beach | Hilton Head | Greensboro | Raleigh | Charlotte | Atlanta | Jacksonville






Author of The Real Business 101: Lessons From the TrenchesTo get your copy see below:

For Smashwords (eBook version for Kindle, iPad, Nook) click here
For direct link to Amazon site (Kindle and print version) click here

Corporate Contact Information

9 N. Kings Rd

Greenville, SC 29605 

Accounting Phone: 864.263.4376
Accounting Fax: 866.212.0640

President – Jim Sobeck 864.263.4377
Executive VP/COO – Abhi Singh 202.604.3270
Director of Purchasing – Peter Bemisderfer 864.650.5116
VP-CFO – Barrett Cooke 864.558.5385

Greenville Sales Office Contact Information

9 North Kings Rd
Greenville, SC 29605 

Phone: 864.269.7007
Fax: 864.269.6004
Operations Manager – Dylan Logan

Sales Managers – Dexter Goodwin, Cory Nicks

Other Locations:

West Columbia, SC
951 Harbor Drive
West Columbia, SC 29169 Phone: 803.791.8700
Fax: 803.791.8191
Operations Manager – Jack Parker
Sales Manager – Jon Black

Raleigh, NC
1427 Mechanical Blvd
Garner, NC (Raleigh) 27529 
Phone: 919.662.9012
Fax: 919.662.9412
Operations Manager – AJ Mozingo
Sales Managers – Corey Moser, Jim Morton

Lithonia, GA
5220 Minola Dr.
Lithonia, GA 30038
Phone: 404.844.2555
Operations Manager – Brian Krogg
Sales Managers – Kami Rogers, Phil Jones

Jacksonville, FL
9315 Old Kings Rd S
Jacksonville, FL 32257
Phone: 904.730.3008
Operations Manager – Buddy Jones
Sales Managers – Grant Denny, Jimmy Rhoads, Mike Smith

Charleston, SC
4987 Banco Road
N. Charleston, SC 29418 Phone: 843.760.0780
Fax: 843.760.6127
Operations Manager – Joe Fulmer
Sales Managers – Bailey Williams, Joanie Allen, Lauren Gunter, Doug Pearl

Greensboro, NC
7207 Cessna Drive
Greensboro, NC 27409 
Phone: 336.992.0237
Fax: 336.992.0839
Operations Manager – AJ Mozingo
Sales Manager – Angie Puckett, Corey Moser, Brian Brady

Myrtle Beach, SC
180 Rodeo Drive
Myrtle Beach, SC 29579 
Phone: 843.236.6447
Fax: 843.236.6521
Operations Manager – Frank Crouse
Sales Manager – Clint Paul

Charlotte, NC
140 Dorton St
Charlotte, NC 28213 
Phone: 704.358.9797
Fax: 704.358.9646
Operations Manager – Colby Ruel
Sales Managers – Chris Daleus, Jason Kenney

Hilton Head, SC
358 Industrial Park Rd
Hardeeville (Hilton Head), SC 29927
Phone: 843.784.1580
Fax: 843.784.1581
Operations Manager – Sheldon Barnes
Sales Manager – Steve Melton, Chandler McDonald

Copyright © 2022 New South Construction Supply, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp