The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2023: Building Permits Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,413,000. This is 8.8 percent below the revised February rate of 1,550,000 […]
2022 Southern Pine Lumber Shipments Hit 107-year Record High
2022 Southern Pine lumber shipments recorded an increase from the previous year for the 13th consecutive year, according to the Southern Forest Products Association, which tabulates shipment totals with the Southern Pine Inspection Bureau (SPIB) and Timber Products Inspection (TP). The 2022 total also marked the third straight year of shipments above the 20 billion board feet (Bbf) mark, […]
Patrick Industries, Inc. Announces Departure of Chief Financial Officer; Appoints Interim CFO
Patrick Industries, Inc. (the “Company”) today announced that Jake Petkovich, Executive Vice President of Finance, Chief Financial Officer and Treasurer, will step down in May to accept a senior leadership position with another company. Mr. Petkovich, who has served as CFO of Patrick since November 2020, will remain in his current position until that time […]
HPM Building Supply Acquires 87ZERO
In a major expansion of its product lines, services, and facilities, HPM Building Supply has acquired 87ZERO, a Honolulu-based firm specializing in custom cabinetry; architectural elements; furniture, fixtures, and equipment (FF&E); premium appliances; and global sourcing and manufacturing of interior products. The acquisition establishes a new division called 87ZERO by HPM that will service large-scale projects for developers, hoteliers, […]
Tolko Announces Shift Reductions at Two Facilities
Tolko Industries announced that its Soda Creek and Armstrong Lumber operations will both be moving from two shifts to single shifts. The temporary shift change at Armstrong Lumber went into effect today, and Tolko will be working with impacted employees at Soda Creek on the exact date of their permanent move to a single shift. […]
JELD-WEN Announces Sale of Australasia Business to Platinum Equity for AU$688 Million
JELD-WEN Holding, Inc. (“JELD-WEN”), a leading global manufacturer of building products, today announced that it has completed its comprehensive review of strategic alternatives for its Australasia business and has entered into a definitive sale agreement with Platinum Equity to sell 100% of the business for approximately $688 million Australian dollars (or approximately US$461 million1) before […]
Mississauga Achieves Prestigious Forest Stewardship Council® Certification
The City of Mississauga has achieved the Forest Stewardship Council® (FSC®) certification (FSC® C018800) for the management of 36 woodlands through the Eastern Ontario Model Forest (EOMF) program. Receiving the certification confirms that a forest is being managed sustainably, preserves biological diversity and benefits the lives of local people and workers. The FSC® certification will […]
NAHB: Lack of Existing Inventory Continues to Support Builder Sentiment
Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues to grapple with building material issues. Builder confidence in the market for newly built single-family homes in April rose one point to 45, according to the National Association of Home Builders […]
ABC Supply Co., Inc. Opens Location in Pearl, Mississippi
ABC Supply Co., Inc., the largest wholesale distributor of roofing and other select exterior and interior building products in North America, has opened a new location at 248 N. Pearson Road in Pearl, Mississippi. The location’s hours are 7 a.m. to 4:30 p.m. (CT) Monday through Friday. Kacy Kemmer will manage the new branch. A graduate of Austin […]
Walker Brothers Hardware Celebrated Grand Opening Event
Walker Brothers Hardware celebrated its grand opening with a weekend full of giveaways and savings opportunities for home improvement shoppers. The celebration started Friday, April 14 with a ribbon cutting ceremony, featuring representatives from the Georgetown County Chamber of Commerce. Throughout the weekend, shoppers enjoyed free popcorn, prize drawings, and giveaways. They were also provided […]