UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 15, 2008

Universal Forest Products, Inc.
(Exact name of registrant as specified in its charter)

Michigan		0-22684		38-1465835
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2801 East Beltline, NE Grand Rapids, Michigan		49525
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (616) 364-6161

None

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Exhibit Number		Document
99(a)		Press Release dated October 15, 2008.

Exhibit 99(a)

news release

—AT THE COMPANY—
Lynn Afendoulis
Director, Corporate Communications
(616) 365-1502

FOR IMMEDIATE RELEASE
WEDNESDAY, October 15, 2008

UFPI reports 2008 third-quarter results
$2.0 million net loss resulting from noncash and other charges of $6.2 million

Company points to solid balance sheet, cash flow

Market share gains, efficiencies driven by continuous improvement,
industrial business cited as strong opportunities

GRAND RAPIDS, Mich., Oct. 15, 2008 — Universal Forest Products, Inc. (Nasdaq: UFPI) today announced results for the third quarter of 2008, including net sales of $610.7 million, which compared to net sales of $678.4 for the same period last year. A net loss of $2.0 million, or $0.10 per diluted share, was reported for the quarter, compared with third-quarter net earnings of $11.3 million, or $0.59 per diluted share, in 2007. Third-quarter 2008 results include noncash and other charges totaling $6.2 million for asset impairments and costs associated with idled facilities; there were no such charges for the same period of 2007.

Continued deterioration in housing and unprecedented turmoil in the financial markets weighed heavily on the Company’s performance in the third quarter. Universal said its accomplishments in this current market environment are testament to the strength of its strategies and bode well for its future. “In the toughest conditions in memory, our focus on growing market share, ensuring we’re sized right for our business opportunities, containing costs through continuous improvement, and managing our working capital are paying off,” said President and CEO Michael B. Glenn. “Excluding the impact of the impairments and other costs, we would have had net earnings of nearly $3 million for the quarter.

“I’m pleased with the strength of our balance sheet, which we’ve maintained by focusing on accounts receivable and inventory, resulting in strong cash flow,” he added. “We believe we have the right focus and are doing the right things to take advantage of near-term opportunities while positioning the Company well for a brighter tomorrow.”

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Universal Forest Products, Inc.
Page 2

The quarter-to-date composite lumber price, which affects the Company’s selling prices, was 4.9% lower in the third quarter of 2008 than the same period of 2007 and had little impact on sales. Moving forward, lumber mill closures may better align supply and demand, but the Company believes weak demand will keep the lumber market depressed through the fourth quarter.

By market, Universal posted the following gross sales results for the third quarter of 2008:

Do-It-Yourself/retail: $251.6 million, a decrease of 5.9% from the same period of 2007. Spending was weak during the quarter, as consumer confidence remained near 16-year lows through late September. Sales to big box customers, who saw declines in same-store sales, were down 4%; sales
to other retailers, whose business is more closely tied to housing, were down 10%. The Company expects to maintain market share in DIY/retail through the end of the year.

Industrial packaging/components: $166.3 million, an increase of 5.4% over the third quarter of 2007. The weak economy had an impact on U.S. manufacturing and, therefore, on Universal’s industrial business, in which the Company engineers and manufactures packaging and components primarily for manufacturing and agricultural customers. Universal is selling less to existing customers, whose output has been diminished, but continues to grow its customer base. Acquisitions had a positive impact on sales as did the concrete forming business, an area in which the company anticipates market share growth in 2009.

Site-built construction: $119.8 million, a decrease of 24.2% from the same period of 2007. Quarter-to-date, single-family housing starts declined 38.8% as of August 2008 from the same period of 2007. The Company continues to focus on ensuring it is sized right to its business opportunities and on adding new business opportunities.

Manufactured housing: $85.2 million, a decrease of 22.5% from 2007. According to the most recent statistics available, in August 2008 the industry saw a 16.9% quarter-to-date decrease in shipments of HUD-code homes from the same period of 2007. Modular shipments decreased 34% in the second quarter of 2008 from the same period of 2007, and the Company expects that this trend will have continued into the third quarter. The Company believes the manufactured housing market will remain depressed until the oversupply of site-built homes is absorbed and credit conditions improve.

Overall, the Company faces continued price pressure due to low volumes and struggling competition. The Company believes its cost reduction efforts will continue to drive down its costs and will have a more significant impact in future reporting periods.

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Universal Forest Products, Inc.
Page 3

OUTLOOK
Due to the unprecedented and prevailing uncertainties throughout the capital markets, which have a direct and material impact on the markets Universal serves, the Company does not believe its previous sales and earnings targets for 2008 are achievable. In addition, the Company believes that current economic conditions limit its ability to provide meaningful guidance for the ranges of likely financial performance; therefore, the Company will not provide guidance for the foreseeable future.

CONFERENCE CALL
Universal Forest Products will conduct a conference call to discuss information included in this news release and related matters at 8:30 a.m. EDT on Thursday, October 16, 2008. The call will be hosted by Executive Chairman William G. Currie, President and CEO Michael B. Glenn, and Chief Financial Officer Michael Cole, and will be available for analysts and institutional investors domestically at (866) 700-6979 and internationally at (617) 213-8836. Use participant password 30016238. The conference call will be available simultaneously and in its entirety to all interested investors and news media through a webcast at http://www.ufpi.com. A replay of the call will be available through November 17, 2008, domestically at (888) 286-8010 and internationally at (617) 801-6888. Use participant password 35349732.

UNIVERSAL FOREST PRODUCTS, INC.
Headquartered in Grand Rapids, Mich., with approximately 85 facilities throughout North America, Universal Forest Products engineers, manufactures and markets wood and wood-alternative products for DIY/retail home centers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market, and specialty wood packaging and components for various industries. The 53-year-old Company also provides framing services for the site-built market, and forms for concrete construction. For 2007, the Company reported sales of more than $2.5 billion. For information about Universal Forest Products, visit www.ufpi.com.

Please be aware that: Any statements included in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are based on the beliefs of the Company’s management as well as on assumptions made by, and information currently available to,
the Company at the time such statements were made. The Company does not undertake to update forward-looking statements to reflect facts, circumstances, assumptions or events that occur after the date the forward-looking statements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-looking statements are the following: Adverse lumber market trends, competitive activity, negative economic trends, government regulations and weather. Certain of these risk factors and additional information are included in the Company’s reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.

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UNIVERSAL FOREST PRODUCTS, INC.
PAGE 4

CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)
FOR THE NINE MONTHS ENDED
SEPTEMBER 2008/2007

		Quarter Period																Year to Date
(In thousands, except per share data)		2008								2007								2008								2007
NET SALES		$	610,744				100	%		$	678,398				100	%		$	1,808,741				100	%		$	2,000,541				100	%
COST OF GOODS SOLD			545,222				89.3				596,233				87.9				1,603,521				88.7				1,743,151				87.1
GROSS PROFIT			65,522				10.7				82,165				12.1				205,220				11.3				257,390				12.9
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES			58,046				9.5				58,792				8.7				178,302				9.9				192,299				9.6
NET LOSS ON DISPOSITION OF ASSETS AND OTHER IMPAIRMENT AND EXIT CHARGES			6,211				1.0				—				—				7,426				0.4				—				—
EARNINGS (LOSS) FROM OPERATIONS			1,265				0.2				23,373				3.4				19,492				1.1				65,091				3.3
Interest expense			2,705				0.4				4,367				0.6				9,589				0.5				13,457				0.7
Interest income			(211	)			—				(494	)			(0.1	)			(763	)			—				(1,634	)			(0.1	)
			2,494				0.4				3,873				0.6				8,826				0.5				11,823				0.6
EARNINGS (LOSS) BEFORE INCOME TAXES AND MINORITY INTEREST			(1,229	)			(0.2	)			19,500				2.9				10,666				0.6				53,268				2.7
INCOME TAXES			535				0.1				7,383				1.1				4,655				0.3				19,633				1.0
EARNINGS (LOSS) BEFORE MINORITY INTEREST			(1,764	)			(0.3	)			12,117				1.8				6,011				0.3				33,635				1.7
MINORITY INTEREST			(187	)			—				(778	)			(0.1	)			(875	)			—				(1,610	)			(0.1	)
NET EARNINGS (LOSS)		$	(1,951	)			(0.3	)		$	11,339				1.7			$	5,136				0.3			$	32,025				1.6
EARNINGS (LOSS) PER SHARE — BASIC		$	(0.10	)						$	0.59							$	0.27							$	1.68
EARNINGS (LOSS) PER SHARE — DILUTED		$	(0.10	)						$	0.59							$	0.27							$	1.65
WEIGHTED AVERAGE SHARES OUTSTANDING FOR BASIC EARNINGS (LOSS)			19,092								19,097								19,045								19,070
WEIGHTED AVERAGE SHARES OUTSTANDING FOR DILUTED EARNINGS (LOSS)			19,092								19,361								19,233								19,419

SUPPLEMENTAL SALES DATA

		Quarter Period																Year to Date
Market Classification		2008				%				2007				%				2008				%				2007				%
Do-It-Yourself/Retail		$	251,559				40	%		$	267,291				39	%		$	758,898				41	%		$	823,173				40	%
Site-Built Construction			119,772				19	%			158,035				23	%			361,430				20	%			457,663				23	%
Industrial			166,327				27	%			157,836				22	%			480,947				26	%			455,129				22	%
Manufactured Housing			85,215				14	%			110,006				16	%			245,713				13	%			304,426				15	%
Total Gross Sales			622,873				100	%			693,168				100	%			1,846,988				100	%			2,040,391				100	%
Sales Allowances			(12,129	)							(14,770	)							(38,247	)							(39,850	)
Total Net Sales		$	610,744							$	678,398							$	1,808,741							$	2,000,541

UNIVERSAL FOREST PRODUCTS, INC.
PAGE 5

CONSOLIDATED BALANCE SHEETS (UNAUDITED)
SEPTEMBER 2008/2007

(In thousands)
ASSETS		2008				2007
CURRENT ASSETS
Cash and cash equivalents		$	31,459			$	46,747
Accounts receivable			230,106				191,023
Inventories			197,843				228,799
Assets held for sale			11,950				25,411
Other current assets			46,247				31,669
TOTAL CURRENT ASSETS			517,605				523,649
OTHER ASSETS			7,587				7,744
INTANGIBLE ASSETS, NET			183,512				180,174
PROPERTY, PLANT AND EQUIPMENT, NET			250,078				283,179
TOTAL ASSETS		$	958,782			$	994,746

LIABILITIES AND SHAREHOLDERS' EQUITY		2008				2007
CURRENT LIABILITIES
Accounts payable		$	101,430			$	105,938
Accrued liabilities			92,458				85,997
Current portion of long-term debt and capital leases			445				1,086
TOTAL CURRENT LIABILITIES			194,333				193,021
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS, less current portion			166,713				197,435
OTHER LIABILITIES			52,346				53,168
SHAREHOLDERS’ EQUITY			545,390				551,122
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	958,782			$	994,746

UNIVERSAL FOREST PRODUCTS, INC.
PAGE 6

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE NINE MONTHS ENDED
SEPTEMBER 2008/2007

(In thousands)		2008				2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings		$	5,136			$	32,025
Adjustments to reconcile net earnings to net cash from operating activities:
Depreciation			28,929				29,105
Amortization of intangibles			7,322				6,402
Expense associated with share-based compensation arrangements			875				391
Expense associated with stock grant plans			95				160
Deferred income taxes			(137	)			(255	)
Minority interest			875				1,610
Gain on sale of interest in subsidiary			—				(140	)
Net loss on disposition of assets and other impairment and exit charges			6,165				32
Changes in:
Accounts receivable			(85,884	)			(30,298	)
Inventories			40,113				34,736
Accounts payable			16,395				12,874
Accrued liabilities and other			13,592				(5,483	)
Excess tax benefits from share-based compensation arrangements			(162	)			(745	)
NET CASH FROM OPERATING ACTIVITIES			33,314				80,414
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant, and equipment			(13,959	)			(26,909	)
Acquisitions, net of cash received			(23,338	)			(57,087	)
Proceeds from sale of interest in subsidiary			—				400
Proceeds from sale of property, plant and equipment			30,152				3,551
Advances on notes receivable			(997	)			(122	)
Collection of notes receivable			500				151
Other, net			(52	)			(6	)
NET CASH FROM INVESTING ACTIVITIES			(7,694	)			(80,022	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (repayments) borrowings under revolving credit facilities			(36,657	)			27,204
Repayment of long-term debt			(2,332	)			(28,200	)
Proceeds from issuance of common stock			2,762				3,321
Distributions to minority shareholder			(961	)			(1,225	)
Investment received from minority shareholder			419				—
Dividends paid to shareholders			(1,139	)			(1,047	)
Repurchase of common stock			—				(5,273	)
Excess tax benefits from share-based compensation arrangements			162				745
Other, net			(20	)			(278	)
NET CASH FROM FINANCING ACTIVITIES			(37,766	)			(4,753	)
NET CHANGE IN CASH AND CASH EQUIVALENTS			(12,146	)			(4,361	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD			43,605				51,108
CASH AND CASH EQUIVALENTS, END OF PERIOD		$	31,459			$	46,747