Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 5, 2024. Last week’s results included an adjustment for the July 4th holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.2 percent on a seasonally adjusted […]
PPG Announces U.S. Tour for PPG MOONWALK Automated Paint Mixing System
Innovative technology saves body shops time, labor while reducing waste PPG announced a U.S. tour of its revolutionary PPG MOONWALK® automated paint mixing system in two colorful trucks outfitted with the company’s suite of digital technologies for the refinish industry. The tour will make stops from coast to coast and will showcase the system’s significant […]
Beacon Announces Acquisition of Roofers Mart of Southern California
Expands service for commercial contractors in Los Angeles Beacon announced that it has completed the acquisition of Roofers Mart of Southern California, Inc. (“Roofers Mart”) located in Walnut, California. Roofers Mart has a 40-year history serving roofing contractors in the Los Angeles metro market. “We are excited to join the Beacon team. Our customers trust […]
Goodfellow Welcomes Marie-Hélène Nolet to its Board of Directors
Goodfellow Inc. (the “Company” or “Goodfellow”) is pleased to announce the appointment of Marie-Hélène Nolet to its Board of Directors, effective immediately. “We are delighted to welcome Marie-Hélène to our Board. Her leadership skills and management experience will certainly strengthen the Board’s ability to drive strategic initiatives and support management as they take steps to […]
Bassett Reports Fiscal Second Quarter Results and Launches Restructuring Plan
Bassett Furniture Industries, Inc. reported its results of operations for its second quarter ended June 1, 2024. The Company also announced a restructuring plan designed to improve long-term operational and financial performance. Q2 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] “Excluding the additional inventory valuation charges that we recorded, we were pleased with […]
Carbotech Group Announces a New Partnership with Woodtech for the Distribution of the Logmeter in United States and in Canada
Carbotech Group is pleased to announce an agreement with Woodtech, marking another important step in the sale of advanced technological solutions for the forest industry. Under this agreement, Carbotech Group will become the exclusive representative and manufacturer of Woodtech’s innovative Logmeter. Carbotech Group, with its Autolog unit, will also provide technical support during and after […]
WTG Announces Retirement of Mike Phillips
Wildwood Trading Group (WTG) announces a significant leadership transition following the retirement of one of its founding partners, Mike Phillips, effective April 15. Since its inception in September 2018, Wildwood Trading Group has experienced remarkable growth under the leadership of Mike, Kevin, and Grant. The company has not only increased its total sales but also […]
Saint-Gobain Completes the Acquisition of CSR in Australia
Saint-Gobain announces that it has completed the acquisition of CSR Limited (“CSR”), establishing a strong presence in the attractive Australian construction market. CSR is a leading player in building materials in Australia, consisting principally of Building Products (A$1.9bn in sales and an EBITDA margin of c.18% for the fiscal year ending March 31, 2024), with […]
NAHB: Share of Smaller Home Lots Reaches New High
A shift in speculatively built (or spec) home building toward smaller lots continued despite the pandemic-triggered suburban flight and presumed shifts in preferences toward more spacious living. The steadily rising share of smaller lots reflects unprecedented lot shortages confronted by home builders during the pandemic housing boom, as well as their attempts to make new […]
ABC: Construction Backlog Indicator Inched Higher in June, Contractors Remain Confident
Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.4 months in June, according to an ABC member survey conducted June 20 to July 3. The reading is down 0.5 months from June 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. The entire decline in backlog observed over […]