Existing-home sales continued on a strong, upward trajectory in July, marking two consecutive months of significant sales gains, according to the National Association of Realtors®. Each of the four major regions attained double-digit, month-over-month increases, while the Northeast was the only region to show a year-over-year decline. Total existing-home sales1 completed transactions that include single-family […]
Obituary: Charles William “Chick” Evans, Jr.
Chick Evans, Jr., 57, of Soddy-Daisy, TN passed away Wednesday, July 15, 2020, in a Nashville, TN hospital. He was co-owner of Chicks Lumber Co. Inc. He was a long time lumberman and was of the Methodist faith. He was a lover of life, an avid Tennessee fan, fisherman, and was known for his bone-crushing […]
Roseburg Announces Retirement of Jim Buffington & Promotion of Bryan Kubitz
After 14 years of service with Roseburg, industry veteran Jim Buffington will retire from the company at the end of 2020. Jim joined Roseburg in 2006 with the company’s acquisition of Georgia-Pacific’s composites mills. For the past year, he has served as Roseburg’s director of business management, wholesale and retail distribution, leading the team in […]
Weyerhaeuser Announces Leadership and Organizational Changes
Weyerhaeuser Company announced leadership and organizational changes that position the company to further enhance the long-term value of its timberlands portfolio. Russell Hagen, currently senior vice president and chief financial officer, will become senior vice president and chief development officer, overseeing the company’s Real Estate, Energy & Natural Resources segment and its Acquisitions and Divestitures […]
Freddie Mac: Mortgage Rates Inch Up in August 20th Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 2.99 percent. “Purchase housing demand continues to accelerate, ultimately providing support to an economy that otherwise has stagnated,” said Sam Khater, Freddie Mac’s Chief Economist. “The surge in sales led to a rapid increase in the […]
Effingham Pellets, LLC Establishing Operations in Florence County
Effingham Pellets, LLC, a subsidiary of Charles Ingram Lumber Company, announced plans to establish operations in Florence County. The company’s more than $5.4 million investment is projected to create 10 new jobs. A newly formed company, Effingham Pellets, LLC is a wood pellet manufacturer and distributor that supplies wood pellets for export sale to Europe. […]
Tempur Sealy Announces Third New Manufacturing Facility
Tempur Sealy International, Inc. (“Company” or “Tempur Sealy”) announced plans to open its 30th North American manufacturing facility. This newest facility is expected to open on the West Coast in the first quarter of 2021 and result in three new manufacturing facilities opening within a six-month period. Tempur Sealy Chairman and CEO Scott Thompson commented, […]
Report: Buffalo Grove Extends Sales-Tax Deal With Hines Lumber for 20 More Years
According to local news reports, Hines Building Supply – US LBM, LLC (HQ: Buffalo Grove, IL), is extending their tax agreement with Buffalo Grove. The Daily Herald reports that “Buffalo Grove is renewing its 20-year-old sales tax sharing agreement with its largest sales tax generator” Hines Building Supply. It was noted that the “terms remain […]
Lowe’s Launches Tool Rental Program Nationwide
Tool rental is now coming to Lowe’s. The company announced that it will begin rolling out tool rental departments nationwide, creating a one-stop shop for all the tools and equipment Pros and DIY customers need to complete home improvement projects. Lowe’s Tool Rental will begin a multi-year national rollout with its first space opening in […]
Ace Hardware Reports Record Second Quarter 2020 Results
Ace Hardware Corporation (“Ace” or the “Company”), the largest retailer-owned hardware cooperative in the world, reported record second quarter 2020 revenues of $2.28 billion, an increase of $591.6 million, or 35.1 percent, from the second quarter of 2019. Net income was $138.9 million for the second quarter of 2020, an increase of $85.1 million from […]