According to a September 2022 survey of ABC contractor members published today, 98% oppose President Biden’s proposed rule mandating project labor agreements on federal construction projects of $35 million or more. PLA schemes needlessly increase costs and exacerbate the construction industry’s skilled labor shortage because they exclude almost nine out of 10 workers from participating in these contracts. “The overwhelming opposition to PLA […]
NAR: Pending Home Sales Dropped 2.0% in August
Pending home sales sagged for the third straight month in August, according to the National Association of REALTORS®. Three out of four major regions experienced month-over-month decreases in transactions, however, the West saw a modest gain. Year-over-year, all four regions posted double-digit declines. Key Highlights Pending home sales waned for the third consecutive month, down […]
Roseburg Announces Automation and Modernization at Pembroke MDF Moulding
Pembroke MDF became part of the Roseburg enterprise in 2018 and was the company’s first international operation, a point of pride for a growing company that began in Douglas County, Oregon in 1936. Pembroke MDF, located in Renfrew County, Ontario has a 195 member team led by plant manager, Alexandre Ouellette who has spearheaded numerous […]
Mortgage Applications Decrease in September 28th MBA Weekly Survey
Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 23, 2022. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]
Madison’s Reporter: Lumber Prices Stay Level on Lower Field Inventories
As inventories in the field tightened up, many benchmark softwood lumber prices stayed flat in mid-September. Supply at producers was quite lean, providing sawmills the opportunity to keep prices flat as they boosted order files out to two weeks — which is quite strong for the time of year. For their part, wholesalers and other […]
LP Foundation and PENCIL Team Up to Bring New STEAM Resources to Metro Students
The LP Foundation, LP Building Solutions’ non-profit giving division, has teamed up with PENCIL (Public Education Needs Community Involvement and Leadership) by making a $40,000 donation to create the LP STEAM Lending Library. Beginning this fall, PENCIL’s LP STEAM Lending Library will provide Metro middle school students with access to a first-of-its-kind lending library in […]
U.S. Census Bureau: Monthly New Residential Sales, August 2022
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for August 2022: New Home Sales Sales of new single-family houses in August 2022 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau […]
NAHB: New Home Sales Up in August but Rising Rates Portend Weakening Market
A brief decline in mortgage rates helped to boost new home sales in August but sales are expected to move on a downward trend in the months ahead as rates have since moved higher and builder sentiment continues to fall due to declining housing affordability and ongoing supply chain bottlenecks. Sales of newly built, single-family […]
Kingspan Group plc Acquisition Update
Kingspan, the global leader in high-performance insulation and building envelope solutions, is pleased to announce further to its earlier announcement on 18 February 2022 (RNS 0677C), that it yesterday completed the acquisition of Ondura Group. There are no significant matters or changes which would require to be announced in accordance with Listing Rule 10.4.2. Contact: Lorcan […]
Andersen Corporation Chairman & CEO Announces Retirement
Andersen Corporation (“Andersen”), America’s premier window and door manufacturer, today announced that Jay Lund, chairman and chief executive officer, will retire from his chief executive role at the end of this year. Lund will maintain his position as chairman of the Andersen Corporation board of directors. The company’s board of directors has approved Chris Galvin, […]