National building materials distributor acquires California’s Better Built Truss US LBM, a leading distributor of specialty building materials in the United States, has acquired Better Built Truss, a top manufacturer and supplier of structural roof and floor components in Northern California. Founded in 1964, Better Built Truss operates two facilities in Oakdale and Ripon, Ca. […]
Freddie Mac: Rates Increase Again and at a Key Moment for the Housing Market
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent. “The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season,” said Sam Khater, Freddie Mac’s Chief Economist. “On average, more than one-third of home sales for the entire […]
Patrick Industries, Inc. Reports First Quarter 2024 Financial Results
Patrick Industries, Inc. (“Patrick” or the “Company”), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights (compared to First Quarter 2023 unless otherwise noted) Net sales increased 4% to $933 million, an increase of $33 million compared to […]
Direct Lumber and Door and Premier Building Supply Announce New Presidents
Kodiak Building Partners, a leading building materials distribution company, announced the appointment of new Presidents at Direct Lumber and Door of Colorado (DLD) and Premier Building Supply of Kansas City (PBS). Direct Lumber and Door (DLD) welcomes Robert Gordon as its new President, effective immediately. With over 25 years of experience in the lumber and […]
Nation’s Best Acquires Gambles Hardware
Expands Presence in Colorado Nation’s Best adds its fifty-seventh location, and second in the state, as it announces its acquisition of Gambles Hardware in Hotchkiss, Colorado, adding to its growing national footprint of locally-focused home improvement stores. “When owner Kimberly Shay expressed an interest in selling her family’s hardware store so she could refocus her […]
Fabrizio Anzalone Assumes Leadership as the Head of SCM North America
As of Monday, May 6, Mr. Fabrizio Anzalone takes over the management of the United States, Canada, and Mexico subsidiaries of SCM. Anzalone is a dynamic and accomplished executive leader with over two decades of experience in driving growth and success within the industrial sector and spent the last three years leading the SCM France […]
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 26, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Canfor Southern Pine Grows in Arkansas with Acquisition from Resolute
Canfor Corporation is announcing that it has entered into a purchase agreement with Resolute El Dorado Inc., an affiliate of Domtar Corporation, to acquire its El Dorado lumber manufacturing facility in Union County, Arkansas. The US$73 million acquisition, including working capital, will create synergies and vertical integration opportunities given its complementary geographic fit with Canfor’s […]
Parksite Expands Partnership with TimberTech®
~ Wholesale Building Material Distributor Broadens TimberTech® Offering and adds Aluminum Framing Product Line ~ Parksite is expanding their partnership with TimberTech, part of The AZEK Company, to distribute the TimberTech Aluminum Framing product line within their distribution markets effective immediately. TimberTech’s new Aluminum Framing offers homeowners a solid deck substructure that will not split, […]
GreenFirst Achieves Remarkable Milestone
GreenFirst Forest Products Inc. (“GreenFirst” or the “Company”) proudly announces significant operational achievements across its sawmill division. During the first quarter of 2024, 19 new production records were established across GreenFirst’s sawmills. With unwavering dedication and relentless commitment to excellence, GreenFirst employees demonstrated their ability to surpass industry standards and deliver record-breaking positive results. Of […]