Release Details

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Oct. 24, 2006--Universal Forest Products, Inc. (Nasdaq:UFPI) announced a semi-annual dividend of $0.055 per share payable Dec. 15, 2006 to shareholders of record on Dec. 1, 2006. The dividend was approved by the Company's Board of Directors at their Oct. 18, 2006 meeting.

"This dividend is as much an opportunity to share our success with shareholders who have placed their investment and confidence in Universal as it is a chance to express our positive outlook for the future," said Executive Chairman William G. Currie. "We're working hard to deliver strong results in the face of some challenging markets and times because we intend to continue to make shareholders pleased with their investment in our company."

Based in Grand Rapids, MI, Universal Forest Products markets, manufactures and engineers wood and wood-alternative products for D-I-Y retail home centers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market and specialty wood packaging for various industries. The company also provides framing services for site-built construction customers. Universal Forest Products has approximately 9,500 employees at more than 100 facilities throughout North America. The company had 2005 sales of nearly $2.7 billion. For more information about Universal, go to www.ufpi.com , or call 888-Buy-UFPI.

CONTACT: Universal Forest Products, Inc.
Lynn Afendoulis, Director, Corporate Communications,
616/365-1502

SOURCE: Universal Forest Products