Acquisition of Leading Deck Supplies Distributor Advances Decks & Docks’ Growth as a Specialty Distribution Business Decks & Docks Company, a leading pure-play specialty distributor of composite decking and outdoor living building products, announced that it has acquired The Deck Supply, a leading composite decking building products distributor with six retail locations in Missouri, Kansas and […]
NAR: Existing-Home Sales Report Shows 0.8% Increase in May
Existing-home sales rose in May, according to the National Association of REALTORS®. Sales elevated in the Northeast, Midwest and South, but retreated in the West. Year-over-year, sales progressed in the Northeast and Midwest but contracted in the South and West. This report equips real estate professionals with valuable information that helps them serve their clients […]
McCoy’s Building Supply Breaks Ground on New Caney Retail Location
McCoy’s Building Supply recently broke ground and began construction on a retail location in New Caney, TX. Located at the northwest corner of Highway 242 and Big Rivers Road, the store will be McCoy’s 86th location. “It’s exciting to be part of a growing company expanding into more areas,” said Mike Cook, Regional Manager for […]
Worthington Enterprises Acquires Elgen Manufacturing; Expands Building Systems and Components Portfolio
Worthington Enterprises, a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences, announced its acquisition of Elgen Manufacturing (Elgen) of Closter, New Jersey. Elgen is a market-leading designer and manufacturer of HVAC parts and components, ductwork and structural framing primarily used in commercial buildings throughout North America. Recurring demand for maintenance, […]
GMS Inc. Confirms Receipt of Unsolicited Proposal from QXO, Inc.
No Shareholder Action Required at This Time GMS Inc. (the “Company”), a leading North American specialty building products distributor, confirmed that it has received an unsolicited proposal from QXO, Inc. (“QXO”) to acquire all outstanding shares of GMS for $95.20 per share in cash. Consistent with its fiduciary duties and in consultation with its independent […]
Freddie Mac: Mortgage Rates Creep Lower
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. “Mortgage rates moved lower, with the average 30-year fixed rate reaching a four-week low,” said Sam Khater, Freddie Mac’s Chief Economist. “More available inventory to choose from, coupled with this week’s decline in mortgage rates, could be the […]
Statistics Canada: Investment in Building Construction, April 2025
The total value of investment in building construction decreased by $741.9 million to $22.3 billion in April. Investment in the residential sector decreased 4.5%, while the non-residential sector edged down 0.3%. On a constant dollar basis (2023=100), the total value of investment in building construction in April decreased 3.3% from the previous month and was up 5.6% on a year-over-year basis. […]
RONA Vegreville Celebrates its Official Grand Opening
Vantage Builders, who acquired the store in spring 2023, celebrates the opening of the store following its conversion to the RONA banner and the completion of the store’s expansion RONA inc., one of Canada’s leading home improvement retailers operating and servicing some 425 corporate and affiliated stores, joins Darren Davis, Ben Sawatzky, Cory Batog, Paul Ziprick […]
CN’s Falcon Premium Wins Award for Intermodal Excellence
CN announced that its industry-leading Falcon Premium intermodal service has received the Silver Container (Contenedor de Plata) award from the Asociación Mexicana del Transporte Intermodal (AMTI). AMTI is Mexico’s leading intermodal transport association, representing key stakeholders across the industry and promoting best practices in cross-border logistics. This prestigious award recognizes outstanding achievements in cross-border intermodal transportation between Mexico, the United […]
LP Building Solutions Names Chief Operating Officer
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 […]