Mortgage applications increased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 3, 2020. This week’s results include an adjustment for the Fourth of July holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 2.2 percent […]
American Construction Source Acquires Weaver Lumber
American Construction Source (“ACS”), a leading national building materials distribution platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners, LLC (“Angeles”) and Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), announced the acquisition of Weaver Lumber (“Weaver”). Weaver will continue to operate under its existing local brand name […]
Kirk Villar Announces Retirement, Stanley Bastek Named Atlas VP of Sales & Marketing
Atlas Roofing Corporation, one of the nation’s leading building materials manufacturers, is excited to announce Stanley Bastek as the new Vice President of Sales & Marketing for its Shingle and Underlayment Division. Bastek first began his career in the Atlas corporate headquarters 14 years ago. The appointment comes as Kirk Villar, Vice President of Sales […]
Robert Higgins Promoted to Senior Vice President of Sales at Parksite
Parksite, Inc. one of the nation’s leading building product distributors has announced the appointment of Robert (“Bob”) Higgins to Senior Vice President of Sales. With more than 25 years of industry experience, Bob’s considerable expertise will be paramount as Parksite continues its growth and diversification strategy. Previously serving as Parksite’s Director of National Accounts, Bob […]
Norbord Provides Update on Q2 Capacity Utilization
Norbord Inc. (“Norbord” or the “Company”) announced an update regarding the second quarter 2020 capacity utilization of its North American oriented strand board (“OSB”) and European panel mills. On March 25, in response to the significant market uncertainty from the COVID-19 pandemic, Norbord announced adjustments to its operating configuration to match production with reduced demand […]
Palmer-Donavin Announces New CEO
The Board of Directors of Palmer-Donavin announced Robyn Pollina will become the company’s new CEO. Bob Woodward Jr., Chairman of the Board at Palmer-Donavin, announced that Robyn Pollina, current CFO at Palmer-Donavin, has been named CEO of Palmer-Donavin succeeding retiring CEO, Ron Calhoun, effective August 1, 2020. Robyn moves into this role after having been […]
Report: Residential Furniture Manufacturers & Distributors Orders Down Substantially in April 2020
According to Smith Leonard Accountants & Consultants (a d/b/a of Smith Leonard, PLLC) the results for their April 2020 survey of residential furniture manufacturers and distributors showed orders were down substantially. Smith Leonard reported that “new orders in April 2020 were down 61% from April 2019 and down 52% from March. As the COVID-19 virus […]
Tractor Supply Company Supports 50 Military Veterans With Farmer Veteran Coalition
Tractor Supply Company (“Tractor Supply”) honored 50 military veteran farmers nationwide this month in partnership with Farmer Veteran Coalition (“FVC”) in celebration of the Fourth of July. Each awardee has been awarded a $1,000 gift card to support their agriculture projects and businesses. The FVC is a national nonprofit organization that assists active duty and […]
Obituary: W. Richard Porteus
W. Richard Porteus age 78 of Fairfield, OH passed away Wednesday June 17, 2020 in Cincinnati, OH surrounded by his family. He was born April 29, 1942 in Bay Shore, NY the son of the late Richard W. Porteus and Bertha Lorena (nee Stowitts) Porteus. Mr. Porteus was a resident of Dryden, NY and then […]
Do it Best Corp. Announces Team Hires and Promotions
Do it Best Corp. is pleased to announce the following additions to its world headquarters team in Fort Wayne, Indiana. Chris Broadasky as an Information Security Intern Beth Dreher as a Category Management Director Josh Kennedy as an Infrastructure Intern Amanda Mulkey as an Advertising Services Representative Lauren Ohnesorge as a Data Analyst Alec Stopher […]