Lowe’s Companies, Inc. (“Lowe’s”) announced it has agreed to sell $1.0 billion of 4.400% Notes due 2025, $1.25 billion of 5.000% Notes due 2033, $1.5 billion of 5.625% Notes due 2053 and $1.0 billion of 5.800% Notes due 2062 (collectively, the “Notes”). Lowe’s plans to use the net proceeds from the sale of the Notes […]
US Year-Over-Year Home Price Growth Dips Again in July as Higher Mortgage Rates Cool Demand, CoreLogic Reports
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for July 2022. Annual home price growth slowed for the third consecutive month in July but remained elevated at 15.8%. As 30-year, fixed-rate mortgages neared 6% this summer, some prospective homebuyers pulled back, helping ease overheated […]
Do it Best Announces Team Hires and Promotions – Sep 2022
Do it Best is pleased to announce the following additions to its team. Adam Brown as an LBM Sales Support Coordinator Elliot Buroff as a Warehouse Department Manager Olivia Dealey as an Internal Audit Intern Josh Heaton as a Territory Sales Manager Pieter Kraakman as a Senior Software Engineer Lonnie Kvasnicka as a Territory Sales […]
Over 100 Students Awarded with an Ashley Furniture Scholarship for the 2022-2023 School Year
School is back in session across most of the country and over 100 students are heading off to college with a scholarship from Ashley Furniture Industries, LLC (Ashley) and the Wanek family. The company’s scholarship programs, which are awarding over $294,000 this year, support students who are choosing to further their education in a variety […]
Obituary: Keith Alan “Red” Wiggam
Keith Alan “Red” Wiggam , 64, of New Washington, IN passed away on Thursday September 1, 2022, at Baptist Health Hospital in Louisville, KY. He was born on August 22, 1958, in Jeffersonville, IN to Norman and Helen Rutledge Wiggam. He was a graduate of New Washington High School and was co-owner of Wiggam Lumber, […]
Construction Employment Increases by 16,000 in August, Says ABC
The construction industry added 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 311,000 jobs or 4.2%. Nonresidential construction employment rose by 4,300 positions on net, with positive growth in […]
Building Gurus: How To Find And Hire The Right People Every Single Time
I enjoy networking because I have a fairly insatiable natural curiosity. I really like learning about people: why they do the things they do, how they got where they are and what makes them tick. This is why I believe I excel at recruiting in the residential building products industry – I ask a lot […]
Industrial Forest Products Acquires Durham’s Hardwood
On September 2, 2022, it was announced that Industrial Forest Products (“IFP”) had acquired Durham’s Hardwood in Pickens, South Carolina. Durham’s Hardwood, a family-owned sawmill in the upstate that saws grade/industrial hardwood and green pine, will now operate under the Industrial Forest Products umbrella. There will be multiple capital investments that will increase production, thus […]
Quanex Building Products Announces Third Quarter 2022 Results and Reaffirms Full Year 2022 Guidance
Quanex Building Products Corporation (“Quanex” or the “Company”) today announced its results for the three months ended July 31, 2022. The Company reported the following selected financial results: Three Months Ended July 31, Nine Months Ended July, 31 ($ in millions, except per share data) 2022 2021 2022 2021 Net Sales $324.0 $279.9 $914.0 $780.4 Gross Margin $72.6 […]
ClarkDietrich Completes Purchase of Structa Wire Corp.
ClarkDietrich, the largest manufacturer of cold-formed steel framing products, interior and exterior finishing products and accessories in North America, announced today that the company has completed its acquisition of Structa Wire Corp, a manufacturer of high-performance welded wire products for the lath and plaster industry. The acquisition caps a longstanding partnership that began in 2012 […]