New home prices edge down in December The national index declined 0.1% on a month-over-month basis in December. Prices were down in 7 of the 27 census metropolitan areas (CMAs) surveyed, while prices were unchanged in 13 CMAs and up in the remaining 7. The largest month-over-month decrease in December was recorded in Greater Sudbury (-0.7%), followed by Calgary (-0.4%) and Toronto (-0.4%). The […]
NAR: Existing-Home Sales Ascended 2.2% in December
Existing-home sales rose 2.2% in December to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024 (4.38 million). Sales grew 9.3% from one year ago, the largest year-over-year gain since June 2021 (+23.0%) The median existing-home sales price progressed 6.0% from December 2023 to $404,400, the 18th consecutive month of […]
CSX Corp. Announces Fourth Quarter and Full Year 2024 Results
CSX Corp. announced fourth quarter 2024 operating income of $1.11 billion compared to $1.32 billion in the prior year period. Net income was $733 million, or $0.38 per diluted share, compared to $882 million, or $0.45 per diluted share, in the same period last year. Results for the fourth quarter include a pre-tax, non-cash goodwill […]
Union Pacific Reports Fourth Quarter and Full Year 2024 Results
Fourth quarter earnings per diluted share of $2.91, up 7% Fourth quarter operating ratio of 58.7% Full year earnings per diluted share of $11.09, up 6% Full year operating ratio of 59.9% Full year return on invested capital of 15.8% Union Pacific Corporation reported 2024 fourth quarter net income of $1.8 billion, or $2.91 per diluted share. These results include $40 million of […]
Freddie Mac: Mortgage Rates Drop Below Seven Percent
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.96 percent. “After crossing the 7%-mark last week, the 30-year fixed-rate mortgage saw its first decline in six weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “While affordability challenges remain, this is welcome news for potential homebuyers, as reflected […]
Fortune Brands Announces Key Organization and Leadership Changes to Drive Accelerated Growth and Alignment
Fortune Brands Innovations, Inc. (“Fortune Brands”), an industry-leading innovation company whose purpose is to elevate every life by transforming spaces into havens, announced several key actions designed to accelerate its growth opportunities. Highlights One Headquarters The Company is consolidating its U.S. regional offices into one campus headquarters in Deerfield, Illinois, to best position the Company […]
Do it Best and True Value Commit $110,000 to Support Communities Affected by California Fires
With Do it Best and True Value now operating as one company, they’re proud to announce a combined $110,000 donation to aid in the disaster relief and recovery efforts for communities impacted by the devastating fires in Altadena and surrounding areas. Do it Best and the Do it Best Foundation will donate $100,000 to the […]
Snavely Welcomes New General Manager to Lead Dallas Operations
Snavely Forest Products, (“Snavely”) a wholly owned subsidiary of MacArthur Co., is proud to announce the hiring of David Yessian as General Manager of its Dallas location. Yessian brings a total of 35 years of experience in the building materials industry to this role, most recently serving as Vice President of Supply Chain at USLBM. […]
Beacon Announces Annual Supplier Partner Award Winners
Beacon, the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced that it has awarded five supplier partners with awards for their service commitment in 2024. “We are proud to provide customers with the best products and service. Exceptional partnerships with all our suppliers allow us to jointly help contractors find […]
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2025. The Market Composite Index, a measure of mortgage loan application volume, increased 0.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]