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PPG Recognized on Newsweek’s ‘Most Trustworthy Companies in America 2024’ List

PPG announced its inclusion in Newsweek’s list of Most Trustworthy Companies in America 2024 for its high evaluations in customer, investor and employee trust. The Most Trustworthy Companies in America list uses a holistic approach to identify trusted companies that are performing exceptionally well on a national level. Newsweek partners with market researcher Statista to conduct an independent survey […]

CoreLogic: US Mortgage Delinquencies, Foreclosures Begin 2024 Exceptionally Low

The U.S. housing market posted an overall mortgage delinquency rate of 2.8% in January, which remains near an all-time low. Both the serious delinquency and foreclosure rates also hovered near historic lows in January, a respective 1% and 0.3%. Twelve states saw overall mortgage delinquencies increase year over year in January; 19 posted no change […]

Freddie Mac: Mortgage Rates Drop Slightly

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent. “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “We also are seeing encouraging data on existing home sales, which […]

MITER Brands Completes Acquisition of PGT Innovations, Inc.

PGT Innovations, Inc. (“PGTI” or the “Company”) announced that MIWD Holding Company LLC (“MITER Brands”) completed the acquisition of PGTI. The transaction was announced on January 17, 2024, and received approval of PGTI’s stockholders on March 18, 2024. In accordance with the definitive merger agreement, PGTI stockholders will receive $42.00 in cash for each share of PGTI […]

The Home Depot Announces Agreement to Acquire SRS Distribution

The Home Depot®, the world’s largest home improvement retailer, has entered into a definitive agreement to acquire SRS Distribution Inc. (“SRS”), a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. SRS will accelerate The Home Depot’s growth with the residential professional customer. SRS complements The Home […]

Conifex Announces 2023 Year-End and Fourth Quarter 2023 Results

Conifex Timber Inc. (“Conifex”, “we” or “us”) reported results for the fourth quarter and year ended December 31, 2023. EBITDA* from continuing operations was negative $3.5 million for the quarter and negative $25.8 million for the year, compared to EBITDA of $2.3 million in the fourth quarter of 2022 and $46.7 million for the year. Net loss was […]

Mortgage Applications Decrease in March 27th MBA Weekly Survey

Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 22, 2024.  The Market Composite Index, a measure of mortgage loan application volume, decreased 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]

PPG Names Robert Massy Chief Human Resources Officer

PPG announced the appointment of Robert Massy as senior vice president and chief human resources officer (CHRO), effective March 18, 2024. Reporting to Tim Knavish, PPG chairman and chief executive officer, Massy will be responsible for leading the company’s global human resources organization. He will be located at PPG’s global headquarters in Pittsburgh and serve […]

LP Building Solutions Launches Innovative LP® Smartside® Pebbled Stucco Panel Sidings

Pebbled Stucco Panel is the newest addition to the company’s portfolio of primed siding products for exterior buildings LP BUILDING SOLUTIONS (LP), a leading manufacturer of high-performance building products, is proud to announce the launch of LP® SmartSide® Pebbled Stucco Panel Siding, the latest addition to the company’s durable, versatile collection of engineered wood products. Available nationwide starting April […]