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FEA’s Weekly Orders Survey – Dealers Remain Optimistic About Near-Term Business Activity

Additional positive news coming from the housing industry this week, combined with continuing near record low mortgage rates, and an increase in the number of buyers who are actively pursuing the purchase of a new or existing home, provided dealers responding to our weekly Builder Activity Survey more reasons to remain optimistic about their near-term […]

CanWel Building Materials Announces Record Second Quarter 2020 Financial Results

CanWel Building Materials Group Ltd. (“CanWel” or “the Company”) announced its second quarter 2020 financial results(1) for the period ended June 30, 2020. For the three-month period ended June 30, 2020(1), consolidated revenues increased by 7.1% to $412.9 million when compared to $385.7 million in the same period in 2019. Despite the general economic impact […]

Floor & Decor Holdings, Inc. Announces Second Quarter Fiscal 2020 Financial Results

Floor & Decor Holdings, Inc. (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the second quarter of fiscal 2020, which ended June 25, 2020. Tom Taylor, Chief Executive Officer, stated, “We remain committed to supporting our customers and associates as we continue to navigate the uncertainty caused by the COVID-19 […]

Builders FirstSource Reports Second Quarter 2020 Results

Builders FirstSource, Inc. (“we” or the “Company”) reported its results for the second quarter ending June 30, 2020. Second Quarter 2020 Highlights: – Net sales for the quarter increased by 2.2% compared to the prior year period – Core organic sales declined 2.1%, excluding acquisitions and commodity impacts – Acquisitions contributed net sales growth of […]

Patrick Industries, Inc. Reports Second Quarter 2020 Financial Results

Patrick Industries, Inc. (“Patrick” or the “Company”), a major manufacturer and distributor of component and building products for the recreational vehicle (“RV”), marine, manufactured housing (“MH”), and industrial markets, today reported financial results for the second quarter ended June 28, 2020. Net sales for the second quarter of 2020 decreased $189.2 million, or 30.8%, to […]

Freddie Mac: Mortgage Rates Decrease Slightly in July 30th 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. “It’s Groundhog Day in the mortgage market as rates continue to remain near historic lows, driving purchase demand over 20 percent above a year ago,” said Sam Khater, Freddie Mac’s Chief Economist. “Real estate […]

Fortune Brands Reports Strong 2Q Results Amid COVID-19 Environment

Fortune Brands Home & Security, Inc. (the “Company”, or “Fortune Brands”), an industry-leading home and security products company, announced second quarter 2020 results. “I couldn’t be prouder of our teams,” said Nicholas Fink, chief executive officer, Fortune Brands. “I want to thank all of our dedicated team members who worked so hard in a challenging […]

BMC Receives David Weekley Homes’ Prestigious National Preferred Partners Award

BMC Stock Holdings, Inc. (“BMC” or the “Company”), one of the nation’s leading providers of diversified building materials and solutions to new construction builders and professional remodelers in the U.S., announced today it has been named a National Preferred Partner by David Weekley Homes, the nation’s largest privately-held home builder. The annual award recognizes field […]