The NAHB Federation mourns Texas builder and 2017 NAHB Chairman Granger MacDonald, who passed away Wednesday. A longtime industry leader, Granger was a Kerrville, Texas-based builder and developer with more than 40 years of experience in the home building industry. He served as chairman and CEO of the MacDonald Companies, a diverse development, construction, and property […]
Hooker Furniture Corporation Board Elects Jeremy Hoff to Succeed Paul Toms as CEO
Hooker Furniture Corporation (“Hooker Furniture” & the “company”) announced that the Board of Directors has elected Jeremy Hoff as the next Chief Executive Officer of the Company, effective January 31, 2021 when Paul Toms plans to retire. Toms will remain as Chairman of the Board. Hoff, who joined Hooker Furniture in 2017 and currently serves […]
Carlisle Companies Announces the Termination of its Acquisition of Draka Fileca
Carlisle Companies Incorporated announced the termination of its previously announced agreement to acquire Draka Fileca SAS from Prysmian SpA. The agreement terminated due to regulatory approval not being received for the transaction prior to the expiration of the parties’ agreed time period to satisfy closing conditions. Chris Koch, Chairman and Chief Executive Officer, said “While […]
Freddie Mac: Mortgage Rates Drop, Reaching Another All-Time Low in June 18th Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 3.13 percent, the lowest rate in our survey’s history which dates back to 1971. “While the rebound in the economy is uneven, one segment that is exhibiting strength is the housing market. Purchase demand activity is […]
Tractor Supply Company Names Melissa Kersey Executive Vice President, Chief Human Resources Officer
Tractor Supply Company (“Tractor Supply”), the largest rural lifestyle retailer in the United States, announced that Melissa Kersey has been named Executive Vice President, Chief Human Resources Officer, effective July 20, 2020. Kersey, who brings senior-level experience from Walmart and, most recently, McDonald’s USA, will report to Hal Lawton, Tractor Supply’s President and Chief Executive […]
NWPCA and CWPCA Announce Exclusive PDS Agreement for Canada
The National Wooden Pallet & Container Association (“NWPCA”) is proud to announce a new PDS marketing partnership with the Canadian Wood Pallet & Container Association (“CWPCA”). CWPCA has signed the exclusive agreement with NWPCA for its Pallet Design System™ (“PDS”). NWPCA President/CEO Brent McClendon noted, “We are very excited about this phenomenal opportunity to partner […]
Timber Products Inspection Responds to Brazilian Plywood Lawsuit and Recent Press Release
First, I hope that you, your families, and your team members are healthy and safe during this unprecedented time. Personally, I cannot think of any equivalent to this in my lifetime, and I sincerely hope we never see days like this again. As you may know, more than eight months ago, a few domestic plywood […]
U.S. Census Bureau: Monthly New Residential Construction, May 2020
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2020: Building Permits Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,220,000. This is 14.4 percent (±1.1 percent) above the revised April […]
Canfor Subsidiary Vida Group to Acquire Sawmills From Bergs Timber
Canfor Corporation (“Canfor”) announced that its 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for a purchase price of CAD$43 million plus working capital. “We are excited that Vida’s strong performance and balance sheet has enabled them to grow their operating footprint in Sweden,” […]
Report: Menards to Open Facility in Ravenna, Ohio
According to a local news report Menard, Inc. (HQ: Eau Claire, WI), is moving forward with a proposal to build a distribution and manufacturing center in Ravenna, Ohio. The Record-Courier reports that “Portage County commissioners recently granted a 15-year, 100% tax abatement for a Menards distribution center along Route 88, at the city’s northeastern border. […]