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84 Lumber sign. 84 Lumber is an operated American building materials supply company. Founded in 1956 [2] by Joseph Hardy, it derives its name from the unincorporated village of Eighty Four, Pennsylvania, a census-designated place 20 miles (32 km) south of Pittsburgh, where its headquarters are located.
Over a hundred 84 Plus stores opened in the United States. [3] The early 2000s proved to be successful for 84 Lumber. In 2002, the company hit record sales and in 2004, they opened 18 new stores. [1] In 2008, however, 84 Lumber’s profits plummeted when the housing market crashed and brought the building supplies market down with it.
The twin-peaked lumber bubble of 2021 and 2022 that once drove home building costs through the roof and exacerbated inflation is now nothing more than a memory.. Spot lumber prices have plummeted ...
In the 1980s, it underwent a massive expansion of both HQ and the Hechinger Co. divisions, opening big-box stores to better compete with rivals Home Depot and Lowe's. In January 1995, Hechinger announced it would close or reformat 22 of its 131 stores, including closing all 14 of the Home Quarters Warehouse stores in North and South Carolina. [10]
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