Supported by the nation’s largest privately held building materials supplier, “The People’s Tree” will journey from West Virginia to Washington, D.C. for the 2023 holiday season 84 Lumber, the nation’s largest privately held building materials supplier, is proud to announce its sponsorship of the 2023 U.S. Capitol Christmas Tree. The tree will journey from the […]
American Woodmark Announces Preliminary Fiscal Fourth Quarter and Fiscal Year Results
American Woodmark Corporation (NASDAQ: AMWD) (the “Company”) today announced preliminary results for its fourth fiscal quarter ended April 30, 2023 and its fiscal year ended April 30, 2023. “We delivered our anticipated strong financial performance in the fourth quarter of fiscal year 2023,” said Scott Culbreth, President and CEO. “Our free cash flow generation of […]
NAR: Pending Home Sales Recorded No Change in April
Pending home sales recorded no change in April, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the Northeast decreased. All four regions saw year-over-year declines in transactions. Key Highlights The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – remained at 78.9 in […]
CoreLogic: Overall US Mortgage Delinquency Rate Drops to All-Time Low in March
The serious delinquency rate fell to 1.1%, the lowest level in 23 years CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for March 2023. For the month of March, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more […]
PPG Invests $44 Million to Boost Global Powder Production
Expanding capacity, capabilities at five plants in the U.S., Latin America PPG (NYSE: PPG) today announced a $44 million investment to upgrade five powder coating manufacturing facilities in the U.S. and Latin America. The projects are part of PPG’s strategic efforts to expand its powder coatings offerings and increase global production to meet growing customer demand for […]
Trex Company Announces Departure of Chief Financial Officer
Trex Company, Inc. (NYSE:TREX), the world’s #1 brand of high-performance, low-maintenance and eco-friendly composite decking, railing and outdoor living products, today announced that Dennis Schemm has resigned as Senior Vice President and Chief Financial Officer (CFO) to accept a position in a southern region state closer to family. “We appreciate the contributions that Dennis has made during his […]
Linesight: Construction Material Prices Levelling Off But Downward Risks Remain
Global construction consultant Linesight today released its United States Country Insight and Commodity Report for Q1 2023. The report shows that while a moderate economic growth of 1.6% is expected in 2023, the construction industry is expected to contract by a further 0.9% due to continued decline in the residential sector, ongoing labor shortages, and elevated interest rates. On […]
Millwood, Inc. Opens 38th Location in Huntsville, AL
Millwood, Inc., a leading provider of industrial packaging solutions and services, added a 38th location just outside of Huntsville, AL. The 40,000 square-foot facility was remodeled and is running at capacity. This location represents a significant investment in Millwood’s ongoing commitment to delivering high-quality products and services to its customer base. “Increased customer demand in […]
Dazey’s Supply Celebrated New Bluffton Location with Grand Opening Event
Dazey’s Supply celebrated the grand opening of its newest location with a three-day celebration this past weekend, May 19–21. The family-friendly event included a ribbon cutting ceremony on Saturday, May 20, and a catered BBQ lunch and live music from Cornfield Mafia immediately followed and continued throughout the afternoon. Representatives from DEWALT, Milwaukee, and more […]
Mortgage Applications Decrease in May 24th MBA Weekly Survey
Mortgage applications decreased 4.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 19, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]