Funds raised will benefit a variety of organizations nationwide, including the Gary Sinise Foundation’s work to provide specially adapted housing for wounded veterans. The US LBM Foundation, the nonprofit organization of US LBM, one of the nation’s largest distributors of specialty building materials, raised $1 million, which will go to multiple charities, including the Gary […]
Freddie Mac: Mortgage Rates Maintain Their Ascent
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.89 percent. “Mortgage rates rose again as markets continue to manage the prospect of more aggressive monetary policy due to elevated inflation,” said Sam Khater, Freddie Mac’s Chief Economist. “Not only are mortgage rates rising […]
Hooker Furnishings Reports Positive Momentum in Fiscal 2023 Second Quarter
Hooker Furnishings Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $152.9 million for its fiscal 2023 second quarter ended July 31, 2022, a $9.6 million, or 5.9%, decrease as compared to a year ago. Consolidated net income for the quarter was $5.5 million, or $0.46 per diluted share, as compared to $7.5 million or […]
LP Building Solutions Elevates Yelle and Sweet to Vice President Roles
LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced that Jeff Yelle has been promoted to Vice President, Chief Information Officer and Jeff Sweet has been elevated to the role of Vice President, Engineering. Yelle, who succeeds retiring LP Chief Information Officer Don Walker, assumes his new duties September 19. Sweet […]
Floor & Decor Launches the Grand Opening of its Lexington, Kentucky Store
Floor & Decor, a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Lexington, Kentucky on September 14, 2022. The Floor & Decor warehouse store and design center will be led by Tonya Johnson, the new store’s Chief Executive Merchant. “Floor & Decor […]
Toll Brothers Apartment Living® and Equity Residential to Develop Three Luxury Rental Communities in Dallas-Fort Worth Area
Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living® (TBAL) rental division, and Equity Residential (NYSE: EQR), an S&P 500 company focused on the acquisition, development, and management of residential rental properties located in and around dynamic cities, today announced plans to develop three new […]
48forty Solutions Acquires Pallet-Ops
48forty Solutions (“48forty”), a leading national provider of recycled pallets and pallet management services, today announced that it has acquired Texas pallet management leader Pallet-Ops (“Pallet-Ops” or the “Company”). The terms of the transaction were not disclosed. 48forty is a portfolio company of Audax Private Equity and Summit Partners. Established in 2011, Pallet-Ops services customers […]
Paper Excellence Announces Crofton Paper Mill Curtailment
Paper Excellence announced a production curtailment at its Crofton paper facility. The curtailment will coincide with scheduled annual maintenance of key utility assets. The outage will reduce the site exposure to higher cost energy through this period. The curtailment will commence September 10th, 2022 and is expected to last approximately two weeks. It is estimated […]
Tolko Provides Update on Kelowna Mill Detailed Site Inspection Report
Tolko Industries Ltd. (“Tolko”) has submitted the detailed environmental site investigation report for the former Kelowna mill site to B.C.’s Ministry of Environment and Climate Change Strategy. As previously noted, the third-party investigation at the site encountered a light non-aqueous phase liquid (“LNAPL”) at a test hole located approximately 150 metres away from the lakeshore. […]
Knowles Lumber Winds Down Operations, Teams Up With Ware-Butler Building Supply
After 10 years in business in North Monmouth, Paul King and Bill Abbott made the decision to close Knowles Lumber effective Friday, September 2nd. The team at Knowles is in the process of liquidating inventory, cleaning up the yard, and will be selling their commercial property on Route 202. They have partnered up with Ware-Butler […]