LP Building Solutions (“LP”), a leading manufacturer of high-performance building products, announced the appointment of Tony Hamill as Senior Vice President, Chief Operating Officer, effective June 30, 2025. “As we execute our long-term growth strategy, I am pleased to appoint Tony to the newly created role of Chief Operating Officer,” said LP President Jason Ringblom. “With over 30 years of leadership […]
LMC Dealers Celebrate 100 Years or More in 2025
Lumber and Building Materials dealers that have been operating for a century or more are a part of history. These centennial LMC dealers have endured multiple wars, economic fluctuations, and technological advances, evolving to stay innovative in the LBM industry. Through the hardship of the Great Depression, LMC was founded in 1935, exemplifying the same […]
QXO Proposes to Acquire GMS for $95.20 Per Share in Cash
QXO, Inc. sent a proposal to the President and CEO of GMS Inc. to acquire all outstanding shares of GMS for $95.20 per share in cash. The proposal implies a total transaction value of approximately $5 billion and reflects a 27% premium over GMS’s 60-day volume-weighted average price of $74.82. “Our all-cash proposal to acquire […]
Roseburg Forest Products Announces Manufacturing Leadership Promotions
Roseburg Forest Products announced that company veterans Matt Holt and Alexandre Ouellette will assume new, expanded manufacturing leadership roles with the departure of Chief Operations Officer Tony Hamill. “Promoting Matt and Alexandre acknowledges their expanding influence directing a manufacturing transformation underway at Roseburg that is generating performance and product quality gains benefitting our business and […]
A-1’s Ezwall® Nominated in Florida Chamber’s “Coolest Thing Made in Florida” Contest
A-1 Global Holdings, Inc. proudly announces that its EZWALL® Innovative Framing Solution™ has been nominated in the Florida Chamber of Commerce’s Coolest Thing Made in Florida contest. This annual competition celebrates innovation, excellence, and the vital role of manufacturing in Florida’s economy. “We’re honored to represent the Florida business community,” said Jan S. Beck, President […]
U.S. Census Bureau: Monthly New Residential Construction, May 2025
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2025: Building Permits Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,393,000. This is 2.0 percent below the revised April rate of 1,422,000 […]
GMS Reports Fourth Quarter and Fiscal Year 2025 Results
Resilient Pricing Despite Challenging and Uncertain End Market Conditions; Additional Structural Cost Reductions Realized GMS Inc., a leading North American specialty building products distributor, reported financial results for the fourth quarter and fiscal year 2025 ended April 30, 2025. Fourth Quarter Fiscal 2025 Highlights (Comparisons are to the fourth quarter of fiscal 2024 unless otherwise noted) […]
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 13, 2025. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
NAHB: Sharp Drop in Multifamily Production Brings Overall Housing Starts Down
A sharp decline in multifamily production pushed overall housing starts down in May while single-family output was essentially flat due to economic and tariff uncertainty along with elevated interest rates. Overall housing starts decreased 9.8% in May to a seasonally adjusted annual rate of 1.26 million units, according to a report from the U.S. Department […]
U.S. Single-Family Rent Prices Increased 2.9% Year Over Year in April 2025
The New York metro area moved to the top of the list for April’s highest annual rent growth, followed by Chicago and Detroit Los Angeles fell to the fourth-highest rent growth as the demand from the January wildfires dropped Dallas single-family rents fell year over year for the second consecutive month in April Cotality, a […]