Let’s face it, things happen and employees leave. Finding and retaining employees is an on-going process. Hopefully, you can help slow the tide, but you can’t avoid ever having to hire again, sorry! Maybe you have to let someone go, maybe they retire or they move on to other pastures. Vacancies in the residential building products industry are a […]
Mead Lumber Purchases CMC and Reaves Buildings
The Sioux Falls Manufacturer of Trusses and Engineered Buildings Joins the Mead Lumber Family Mead Lumber Company announced the purchase of Component Manufacturing Company and Reaves Buildings of Sioux Falls, South Dakota. Component Manufacturing Company is a truss fabrication facility that manufactures trusses, wall panels and floor joists, and Reaves Buildings designs, builds and supplies […]
Worthington Enterprises Completes Separation of Worthington Steel
Worthington Enterprises, Inc., formerly Worthington Industries, Inc., a leading industrial manufacturing company, completed the previously announced separation of its Steel Processing business, Worthington Steel, Inc., into a standalone, publicly traded company. Worthington Steel common stock begins “regular-way” trading on the New York Stock Exchange (NYSE) under the ticker symbol “WS”. Worthington Enterprises common stock continues […]
PPG Again Earns Equality 100 Award in 2023 Corporate Equality Index
PPG announced it again received a perfect score of 100 percent on the Human Rights Campaign (HRC) Foundation’s 2023 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ+) workplace equality. PPG has been listed on the index for 20 years. […]
USITC Makes Determination in Five-Year (Sunset) Reviews Concerning Certain Softwood Lumber Products from Canada
The U.S. International Trade Commission (USITC) today determined that revoking the existing antidumping and countervailing duty orders on certain softwood lumber products from Canada would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from […]
American Woodmark Announces Second Quarter Results
American Woodmark Corporation (the “Company”) announced results for its second fiscal quarter ended October 31, 2023. Fiscal Second Quarter 2024 Financial Highlights: Fiscal 2024 Financial Highlights: “Our teams delivered strong financial performance in the second quarter of fiscal year 2024 despite the slowing demand environment,” said Scott Culbreth, President and CEO. “Consistent with the first […]
Weyerhaeuser to Enhance Southern Timberlands Portfolio
Purchase and sale agreements with Forest Investment Associates set to increase cash flow and optimize portfolio value Weyerhaeuser Company (NYSE: WY) today announced it has entered into two distinct agreements with Forest Investment Associates to divest approximately 69,600 acres in Upstate South Carolina for $170 million, and to purchase approximately 60,700 acres of high-quality timberlands in Coastal […]
Floor & Decor Opens Newest Location in Avenel, New Jersey
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 celebrated its eleventh store in the New York City Metropolitan Area Floor & Decor (NYSE: FND), the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has opened its eleventh […]
Freddie Mac: Mortgage Rates Drop for the Fifth Consecutive Week
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent. “Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates,” said Sam Khater, Freddie Mac’s Chief Economist. “The current trajectory of rates is an encouraging development for […]
CoreLogic: US Overall Mortgage Delinquency Rate Remains Near Record Low in September
The national mortgage delinquency rate was 2.8% in September, unchanged year over year but still similar to numbers recorded over the previous 18 months September marked the first month in more than two years that the overall U.S. mortgage delinquency rate did not decline on an annual basis Overall delinquency rates increased from September 2022 […]