Apogee Enterprises, Inc. reported its fiscal 2024 fourth-quarter and full-year results. The fourth-quarter and full-year results for fiscal 2024 include the impact of an additional week of operations compared to fiscal 2023. The Company reported the following selected financial results. Financial Highlights “Fiscal 2024 was another great year for Apogee, with record adjusted EPS and cash […]
R.P. Lumber Acquiring Custer Do It Best Hardware & Lumber
This locally owned and operated full-service lumberyard has been in operation for over 89 years. R.P. Lumber Co., Inc. is set to acquire Custer Do It Best Hardware & Lumber, an independently owned retailer of hardware, lumber, and building materials in Custer, South Dakota. The transaction is scheduled to close Friday, April 19th, and the […]
Mortgage Applications Increase in April 17th MBA Weekly Survey
Mortgage applications increased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (“MBA”) Weekly Mortgage Applications Survey for the week ending April 12, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 3.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Furniture Mart USA Opens New Store in Maple Grove, MN
On March 21, Furniture Mart USA (Furniture Mart) celebrated the opening of its new 30,000 sq. ft. Ashley showroom located at 7950 Wedgewood Lane N., Maple Grove, MN 55369. The new store is owned and operated by Bill Hinks who owns 35 additional Ashley stores across the upper Midwest. The Maple Grove store will employ approximately 12 people. “Ashley offers customers a wide variety of beautiful home furnishings at a great […]
Floor & Decor Announces Grand Opening of Lone Tree, Colorado Store
Leading high-growth retailer specializing in hard-surface flooring offers homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone and more celebrates its seventh warehouse location in Colorado Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its seventh warehouse […]
CSX Corp. Announces First Quarter 2024 Results
CSX Corp. announced first quarter 2024 operating income of $1.35 billion compared to $1.46 billion in the prior year period. Net earnings were $893 million, or $0.46 per diluted share, compared to $987 million, or $0.48 per diluted share, in the same period last year. Total volume of 1.53 million units for the quarter was […]
Western Forest Products Announces Indefinite Curtailment of Alberni Pacific Division
Western Forest Products Inc. (“Western” or the “Company”) announced the indefinite curtailment of its Alberni Pacific Division (“APD”) facility, located in Port Alberni, B.C.. The APD facility has been temporarily curtailed since fall 2022. In January 2023, the Company announced it would not restart APD in its current configuration and established a multi-party working group […]
U.S. Census Bureau: Monthly New Residential Construction, March, 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2024: Building Permits Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,458,000. This is 4.3 percent below the revised February rate of 1,523,000, […]
CoreLogic: February US Rent Growth Posts Highest Annual Increase Since Spring 2023
U.S. single-family rents rose by 3.4% year over year in February, the strongest growth recorded in 10 months The higher-priced rent tier was the only one to see slightly larger annual gains (3.2%) compared with last February (3.1%) New York led the U.S. for year-over-year rent growth in February at 6.9%, while Miami (-3.1%) and […]
Madison’s Reporter: Lumber Prices Remain Soft on Sagging Demand
Lumber buyers kept their inventories lean post-Easter thus demand continued to sag. In the week ending April 5, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$452 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $452. That week’s price […]