Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.72%. “After declining for five consecutive weeks, the 30-year fixed-rate mortgage moved slightly higher following a stronger than expected jobs report,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite ongoing affordability challenges in the housing market, we are seeing […]
QXO Appoints Eric Nelson as Chief Information Officer
QXO, Inc. announced that Eric Nelson has been appointed chief information officer, effective July 14. Nelson will execute the company’s IT roadmap as QXO becomes the tech-enabled leader in the $800 billion building products distribution industry. Nelson joins QXO from The Kraft Heinz Company, where he spent a decade in senior technology roles. He brings […]
Hampton Lumber Selects Comact for New State-of-the-Art Sawmill in South Carolina
Comact, a global leader in high-performance OEM wood processing solutions, is proud to announce its selection as the equipment and technology supplier for Hampton Lumber’s new state-of-the-art sawmill in South Carolina. In addition to supplying the mill’s advanced systems, Comact will be responsible for managing and executing the full construction and integration of the project, […]
New Appliances and Interiors Business, Kodiak Interiors Group, Launches to Accelerate Growth
Specialization in building materials becomes the focus for Kodiak Building Partners Kodiak Building Partners (KBP), a leading building materials distribution company, announced the launch of Kodiak Interiors Group (KIG), a new, stand-alone business formed through the sale of Kodiak’s appliances and interiors portfolio. The new entity will operate independently, enabling a more focused strategy in […]
Fastenal Releases 2025 Environmental, Social, and Governance (ESG) Report
Fastenal Company (‘Fastenal’, ‘we’, ‘our’, or ‘us’) is proud to announce the publication of our 2025 ESG Report. The report, which covers the year ending December 31, 2024, was produced with reference to the Global Reporting Initiative (GRI) standards and aligns with the ESG disclosure and reporting frameworks established by the Sustainability Accounting Standards Board […]
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 9.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 4, 2025. Last week’s results included an adjustment for the July 4th holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 9.4 percent on a seasonally […]
Madison’s Reporter: Most Lumber Prices Flat as Summer Slow-Down Arrives
Sales of Eastern S-P-F began to pull ahead of Western, while demand for Southern Yellow Pine continued to flounder. In the week ending June 27, 2025, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$480 mfbm. This is up +$5, or +1%,from the previous week when it was $475, […]
Report: Weaber to Close its Titusville, PA Facility
In June 2025, Weaber, Inc. (HQ: Lebanon, PA) filed a WARN Notice with the Commonwealth of Pennsylvania’s Department of Labor and Industry. In the notice, it was reported that Weaber would be closing its facility, located at 11117 Skyline Drive Titusville, PA 16354 ; effective “8/25/2025 – 9/8/2025”. It was noted that 46 employees would be […]
Allegion Expands Access Solutions Portfolio with Innovative Waitwhile Software Platform
Allegion plc, a leading global security products and solutions provider, through one of its subsidiaries, has acquired privately owned Waitwhile Inc. (Waitwhile), a leading software-as-a-service provider that specializes in cloud-based appointment scheduling and queue management. Waitwhile’s software platform provides virtual wait list and scheduling capabilities that enable businesses to facilitate access to places, services, appointments […]
PPG Brings STEM Education Closer to Young Students in Czechia Through Partnership with ScienceFest
PPG announced its third year of partnership with ScienceFest (“VedaFest”), the largest open-air science event in Czechia, which recently took place in Prague and attracted more than 14,000 attendees. The company provided hands-on workshops and quizzes at the event as part of its commitment to inspire young people with an interest in science, technology, engineering and math […]