The landmark deal between Klahoose First Nation and Interfor will advance the Nation’s goal of self-determination and strengthen their position in the B.C. forest sector The Klahoose First Nation has signed a landmark deal with forest company Interfor to purchase a total tenure of 181,036 cubic metres of annual cut of forest lands located on […]
NAHB: Big Win for Contractors in Illinois Construction Defects Case
The Illinois Supreme Court last week issued an opinion that was extremely favorable to the construction industry in Acuity v. M/I Homes of Chicago, LLC, a case involving commercial general liability (CGL) coverage for construction defects resulting in water damage to a townhome project. The Supreme Court responded to the request of the appellate court to […]
LP Building Solutions Named One of America’s Most Responsible Companies By Newsweek
Ranking places LP among America’s top companies for environmental, social and governance practices LP Building Solutions (“LP”), a leading manufacturer of high-performance building products, announced that it has been recognized by Newsweek as one of America’s Most Responsible Companies for 2024. LP was awarded this honor based on a holistic view of corporate responsibility that considers […]
Mortgage Applications Increase in December 6th MBA Weekly Survey
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 2.8 percent […]
Madison’s Reporter: Lumber Prices Rise on Ongoing Supply Constraints
In the week ending November 24, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$414 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$10, or +2%, from the previous week when it was US$404 mfbm. That week’s price is up by +$20, or +5%, from […]
US LBM Acquires Arizona Truss Manufacturer Holderness Supplies
National building materials distributor expands manufacturing reach in southwestern US US LBM, a leading distributor of specialty building materials in the United States, has acquired Holderness Supplies, a top manufacturer of structural building components and distributor of engineered wood products in Arizona. Located in Tucson, Holderness Supplies operates an 11-acre facility where it manufactures floor […]
NAHB: Amidst Housing Slowdown, Exurban Areas Post Largest Construction Gains
For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter […]
ABC: Construction Job Openings Decrease by 4,000 in October, up 25,000 From October 2022
The construction industry had 423,000 job openings on the last day of October, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings […]
Builders FirstSource Hosts 2023 Investor Day
Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) will host its 2023 Investor Day today in Atlanta, beginning at 8:30 a.m. EST. The formal presentations are expected to conclude at approximately 11:30 a.m. EST. Members of the executive management team will present a detailed overview of the Company’s long-term strategic vision and financial […]
CoreLogic: US Home Price Growth Continues Slow but Steady Increase in October
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2023. U.S. single-family home price growth continued to increase modestly in October, posting a 4.7% year-over-year increase. On a regional level, the Northeast again showed the biggest price rebound. The top five states with the […]