This acquisition strengthens the company’s presence and support for contractors in Kansas L&W Supply, a nationwide distributor of interior building materials and construction supplies, has acquired the assets of Drywall Supply, a prominent player in the gypsum specialty dealer space, located in Wichita, Kansas. With this acquisition, L&W Supply strengthens its commitment to the Wichita […]
CPKC Mechanical Employees Ratify New Collective Bargaining Agreement
Canadian Pacific Kansas City (CPKC) said that Unifor, representing mechanical employees in Canada, has ratified a new four-year collective agreement. “By working collaboratively together with Unifor, we have completed another collective agreement reached at the bargaining table that benefits our employees with improved wages and benefits for years to come,” said Keith Creel, CPKC President […]
Trex Company Reports Fourth Quarter and Full Year 2024 Results
Consumer Demand for Trex Premium Products Remained Strong in the Fourth Quarter and Throughout 2024 Record Pace of New Product Introductions in 2024 Full Year Net Income, EPS and EBITDA up 10% Year-on-Year; EBITDA Margin Reached 31.3% Secured Commitments for Trex Railing Products with Existing and New Distribution Partners Substantial New Product Development Underway as Part of […]
Building Gurus: How to Make Your Company THE Place Where Top LBM Sales Reps Want to Work
The LBM industry is at a crossroads when it comes to sales talent. The aging workforce is retiring, and the number of Millennials and Gen Z professionals entering the industry over the past 20 years has been too low to replace them. This has created a serious shortage of qualified and experienced LBM salespeople, making […]
Obituary: Robert Gorden Stenerson
Robert (Bob) Gorden Stenerson, 94, of Moorhead MN, passed away Saturday, February 22, 2025, at Sanford Medical Center, Fargo, ND. Bob was born in Ada, Minnesota on April 16, 1930 to Gorden and Juliette (Ostby) Stenerson . Bob lived in Borup Minnesota until he was 15 when the family moved to Moorhead. He graduated from […]
Kirk Blanchette Named as Next President of Huber Engineered Woods
Huber Engineered Woods (HEW), one of the companies within the family-owned J.M. Huber Corporation (Huber) portfolio of businesses, announced that Kirk Blanchette will succeed Brian Carlson, who will be retiring as of July 1, 2025, as the President of HEW. Blanchette will bring more than 25 years of experience in finance, corporate strategy and leadership […]
Boise Cascade Promotes Nathan Sikes to Senior Vice President of Western Operations for Building Materials Distribution Division
Boise Cascade Company (Boise Cascade) announced that Nathan Sikes will be the new Senior Vice President of Western Operations for their Building Materials Distribution (BMD) division, effective February 24, 2025. In this role, Nathan will be responsible for BMD’s facilities and door shops located in the Western and Pacific Regions. Since joining Boise Cascade in 2006, Nathan has held a series […]
NAR: Existing-Home Sales Decreased 4.9% in January, But Increased Year-Over-Year for Fourth Consecutive Month
Existing-home sales slid 4.9% in January to a seasonally adjusted annual rate of 4.08 million. However, sales rose 2.0% from one year ago, the fourth straight monthly year-over-year increase The median existing-home sales price advanced 4.8% from January 2024 to $396,900, the 19th consecutive month of year-over-year price increases The inventory of unsold existing homes […]
Statistics Canada: New Housing Price Index, January 2024
New home prices continued slowdown in January The national index edged down 0.1% on a month-over-month basis in January, following the same decline in the previous month. Prices were unchanged in 15 out of the 27 surveyed census metropolitan areas (CMAs). Meanwhile, nine CMAs saw an increase, while three CMAs were down. Even though more CMAs recorded price increases in January, a decline was seen at […]
Freddie Mac: Mortgage Rates Trend Down
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.85%. “Mortgage rates decreased slightly this week,” said Sam Khater, Freddie Mac’s Chief Economist. “The 30-year fixed-rate mortgage has stayed just under 7% for five consecutive weeks and in that time has fluctuated less than 20 basis points. This […]