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Housing woes prompt Universal Forest to shutter some facilities

Grand Rapids, Mich.-based Universal Forest Products Inc. will shut down six plants in the U.S. and Canada as a result of the decline in new housing construction. "In a housing market that continues to deteriorate, we must proactively manage our assets and operations, position our company for growth when housing stabilizes, and take advantage of opportunities in our three other core markets," said President-CEO Michael Glenn. Detroit Free Press/Associated Press (01/21)