SAN FRANCISCO, Aug. 8 /PRNewswire-FirstCall/ -- Building Materials Holding Corporation (NYSE: BLG), a leading provider of building materials and construction services to professional residential builders and contractors, today announced that it has obtained a temporary waiver of certain conditions to borrowing under its credit facility. The waiver allows the Company to borrow up to $60 million, through September 30th, while it works to finalize a permanent amendment to the credit facility.

The Company is in the process of finalizing its financial statements for the second quarter of 2008. During these quarter closing activities, the Company is negotiating with its lenders an amendment to its credit facility to reflect current market conditions. The Company expects that it will reach agreement with its lenders on the amendment in a timely manner and that its business operations will not be affected.

About BMHC

BMHC is one of the largest providers of building materials and residential construction services in the United States. We serve the homebuilding industry through two recognized brands: as BMC West, we distribute building materials and manufacture building components for professional builders and contractors in the western and southern states; as SelectBuild, we provide construction services to high-volume production homebuilders in key markets across the country. To learn more about BMHC, visit our website at http://www.bmhc.com.

BUSINESS RISKS AND FORWARD-LOOKING STATEMENTS

There are a number of business risks and uncertainties that affect our operations and therefore could cause future results to differ from past performance or expected results. Additional information regarding business risks and uncertainties is contained in Item 1A of our most recent Form 10-K. These risks and uncertainties may include, however are not limited to:

    -- demand for and supply of single-family homes which is influenced by
       changes in the overall condition of the U.S.