The Lester Group, a leading company in the building materials industry, headquartered in Martinsville, VA, proudly announces the appointment of Dana Cowart as its new President. This strategic appointment is effective immediately, as the company seeks to leverage Cowart’s extensive experience in the industry to drive forward its strategic initiatives and enhance operational effectiveness. Dana […]
La-Z-Boy Incorporated Board of Directors Elects Melinda Whittington as Chair, Michael Lawton as Lead Director
La-Z-Boy Incorporated is pleased to announce that its Board of Directors has approved, effective December 11, 2024, the following changes as part of the Board’s periodic evaluation of its leadership structure: “Melinda is an exceptional and highly respected leader, and the Board believes that her decisive leadership will continue to drive long-term, sustainable value for all stakeholders. […]
Lumber Price Index for Week Ending December 13, 2024
The Madison’s Lumber Prices Index for the week ending December 13, 2024 is: US$494 mfbm. This is down -3%, or -$13, from the previous week when it was US$507. This is down -2%, or -$11, from one month ago when it was US$505. For information regarding the construction of this Index (species mix, weighed averages) […]
MANS Lumber & Home Acquires Michigan Timber & Truss
Strategic acquisition marks a significant expansion of MANS’ offerings and positions the company to further serve the construction and building sectors MANS Lumber & Home, a leading supplier of quality lumber and building materials serving southeastern Michigan, announces the acquisition of Michigan Timber & Truss, a highly regarded manufacturer of custom roof trusses based in […]
Champion Homes Implements CEO Succession Plan
Tim Larson Appointed President and Chief Executive Officer, Succeeding Mark Yost Champion Homes, Inc. (“Champion Homes”) announced the implementation of a succession plan in which Tim Larson, the Company’s Chief Growth Officer, has been appointed President, Chief Executive Officer, and a member of the Board of Directors, effective immediately. He succeeds Mark Yost in these […]
Floor & Decor Announces Grand Opening of North Seattle, Washington 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 fifth warehouse location in Washington Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its fifth warehouse […]
Poundstretcher Opens New Ashley Furniture HomeStore in Lusaka, Zambia
Recently, Poundstretcher Zambia LTD (Poundstretcher) celebrated the Grand Opening and Ribbon Cutting of its new 900 sq. m. Ashley Furniture HomeStore showroom located on Builders Depot Unit 40, Leopards Hill Road, Lusaka, Zambia 30913. Specials guests included Ashley Furniture Industries representatives Mark Marais and Neil Chahwanda who joined Poundstretcher leadership and employees at the event. […]
1847 Holdings LLC Announces $11.42 Million Private Placement to Fund the Planned Acquisition of a Millwork, Cabinetry, and Door Manufacturer
1847 Holdings LLC (“1847 Holdings” or the “Company”), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, announced a private placement for gross proceeds of $11.42 million, prior to deducting placement agent fees and other expenses payable by the Company. The proceeds from the private placement are exclusively intended […]
Freddie Mac: Mortgage Rates Continue to Drop
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.60 percent. “The 30-year fixed-rate mortgage decreased for the third consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “The combination of mortgage rate declines, firm consumer income growth and a bullish stock market have increased homebuyer demand in […]
Wabash Announces 2026 Model Year DuraPlate Dry Van
Wabash, the visionary leader of connected solutions for the transportation, logistics and distribution industries, announced the 2026 model year DuraPlate® Dry Van featuring enhancements that elevate performance and value. One of the key new features of the 2026 Wabash DuraPlate Dry Van is the Webb Vortex Drum with Wear Indicator (WI), designed to improve brake performance and extend […]