Armadillo Decking is pleased to announce its new partnership with K+R Building Materials, a significant alignment that will enhance service to customers throughout the Midwestern United States. This strategic collaboration strengthens Armadillo’s market presence while expanding K+R’s already impressive range of product offerings. “We are proud to have a partner who believes in taking care […]
Lumber Price Index for Week Ending June 21, 2024
The Madison’s Lumber Prices Index for the week ending June 14, 2024 is: US$413 mfbm. This is down – 1%, or -$5, from the previous week when it was US$418. For information regarding the construction of this Index (species mix, weighed averages) please go here: https://madisonsreport.com/madisons-lumber-prices-index-a-powerful-tool-for-data-driven-decision-making/ About Madison’s Lumber Reporter Established in 1952, Madison’s Lumber […]
NAR: Existing-Home Sales Edged Lower by 0.7% in May
Existing-home sales slipped 0.7% in May to a seasonally adjusted annual rate of 4.11 million. Sales descended 2.8% from one year ago The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the eleventh consecutive month of year-over-year price gains The inventory of unsold existing homes […]
Marvin Welcomes Director of Operations for New Kansas City Manufacturing Facility
400,000-square-foot facility is expected to begin production in 2025, welcoming 600 new jobs Marvin welcomes Robert Conchola as director of operations for Marvin’s forthcoming manufacturing plant in Kansas City, Kansas. Conchola will oversee and guide the daily operations for Marvin in Kansas City and will soon begin to build the team that will open Marvin’s newest […]
Freddie Mac: Mortgage Rates Move Lower
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent. “Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Sam Khater, Freddie Mac’s Chief Economist. “These lower mortgage rates coupled with the gradually […]
Floor & Decor Announces Grand Opening of Columbus, Georgia 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 first warehouse location in Columbus, Georgia Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its first […]
Statistics Canada: New Housing Price Index, May 2024
New house prices rise for the second consecutive month in Canada The national index rose by 0.2% on a month-over-month basis in May and prices grew in 10 of the 27 census metropolitan areas (CMAs) surveyed. This was the first month since June 2022 that prices increased in 10 or more CMAs. The largest month-over-month increases in May 2024 were reported in Trois-Rivières (+2.0%), Calgary (+1.3%) and […]
FSC Canada Calls on Quebec to Join Federal Governments’ Efforts for Boreal Caribou Protection
Forest Stewardship Council (FSC) Canada acknowledges the recent announcement by the Government of Canada regarding the emergency decree aimed at protecting boreal caribou populations in Val-d’Or, Charlevoix, and Pipmuacan. “The conservation of habitat for woodland caribou is not just about caribou; it’s about the health and biodiversity of the entire Canadian boreal forest,” says Forest […]
PPG Launches TOMORROW INCLUDED Sustainability Marketing Concept for Architectural Coatings in EMEA
PPG announced the launch of the TOMORROW INCLUDED® sustainability marketing concept for its Architectural Coatings (AC) business in Europe, the Middle East and Africa (EMEA). The concept aims to highlight the sustainability advantages of many of PPG’s architectural products and serves as a way to communicate the company’s sustainability story to customers. The Tomorrow Included concept will […]
CMC Reports Third Quarter Fiscal 2024 Results
Third quarter net earnings of $119.4 million, or $1.02 per diluted share Consolidated core EBITDA of $256.1 million; core EBITDA margin of 12.3% Solid seasonal demand and underlying market fundamentals in North America supported healthy shipment volumes and product margins Stable North American downstream backlog volumes due to robust pipeline of new construction projects Emerging Businesses Group adjusted EBITDA and adjusted EBITDA margin […]