Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. “The 30-year fixed-rate mortgage remained below the 7% threshold for the 17th consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Stable mortgage rates coupled with moderately rising inventory are attracting homebuyers into the market, with purchase application […]
Marvin Promotes Innovation Leader to Vice President Role
Marvin leader Lindsay Schroeder will support execution of company’s transformation strategy Marvin has announced a leadership promotion for Lindsay Schroeder to vice president of strategy execution. In her new role, Schroeder will lead the company’s strategic execution efforts, translating plans into actionable initiatives, ensuring alignment across departments and driving successful implementation to achieve Marvin’s transformational […]
Carlisle Companies to Acquire Bonded Logic, an Innovative Manufacturer of Sustainable Insulation Products
Carlisle Companies Incorporated announced that it has entered into a definitive agreement to acquire select assets of Bonded Logic, Inc. and Phoenix Fibers, LLC (collectively as “Bonded Logic”). Bonded Logic is a U.S. manufacturer of sustainable thermal and acoustical insulation products. Founded in 2002 with manufacturing locations in Arizona and Georgia, Bonded Logic is best known […]
Hillenbrand Announces CFO Transition Plan
Hillenbrand, Inc. announced that Robert “Bob” VanHimbergen, Senior Vice President and Chief Financial Officer, has decided to take another position outside of the company, effective June 27, 2025. Upon Mr. VanHimbergen’s departure, Megan Walke, Vice President, Corporate Controller and Chief Accounting Officer (CAO), will serve as Interim CFO. Ms. Walke has been with Hillenbrand for […]
Floor & Decor Announces Grand Opening of San Antonio, Texas Store
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, celebrates its new warehouse location in Texas Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its newest warehouse […]
Hancock Lumber Announces Plans to Acquire Massachusetts-Based Johnson Lumber
Hancock Lumber is excited to announce its plans to acquire Johnson Lumber, a single-location lumberyard located in Salisbury, Massachusetts. The transaction is expected to close on May 31, 2025, with the location officially beginning operations as Hancock Lumber on Monday, June 2—marking Team Hancock’s twelfth lumberyard and its first in Massachusetts. Founded in 1963 and originally […]
15 New Stores Now Display the RONA+ Colors
Alexandre Pronovost, or rather “Mike at RONA”, joined the employees to celebrate this new departure towards RONA+ RONA Inc., a leader in the Canadian home improvement sector, operating and serving some 425 corporate and affiliated stores , celebrated the conversion of 15 new stores to the RONA+ banner. The company, which made RONA its sole retail […]
Ace Hardware Reports First Quarter 2025 Results
Record first quarter revenues of $2.2 billion, an increase of 4.2 percent First quarter net income of $30.3 million Accrued patronage dividend to shareholders of $61.6 million Ranked #1 in home improvement on Forbes’ 2025 Best Customer Service List Ranked the #5 best franchise in the world according to Entrepreneur Magazine Ace Hardware Corporation (“Ace” […]
LMC Names Jeremy Neill as the Director of Hardware
LMC is proud to announce the appointment of Jeremy Neill as the new Director of hardware. Jeremy began his career journey in the LBM industry by joining Shelly Enterprises where he earned 18 years of industry experience. Before joining LMC, Jeremy worked in account management and business development for Coca-Cola for 5 years. Jeremy joined […]
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 9, 2025. The Market Composite Index, a measure of mortgage loan application volume, increased 1.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]