Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 27, 2025. Last week’s results included an adjustment for the Juneteenth holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally […]
U.S. Lumber Coalition: U.S. Self-Reliance in Softwood Lumber Hamstrung by Canadian Unfair Trade
The U.S. softwood lumber industry is a critical manufacturing industry essential to the national economic strength and the industrial resilience of the United States Canada’s unfair trade in softwood lumber continues to be extremely harmful to U.S. producers and workers Strong trade law enforcement is paramount to bringing about fair pricing of lumber to support future capacity […]
Kamps, Inc. Releases 2025 Corporate Social Responsibility Report, Showcasing Environmental Progress and Business Innovation
Kamps, Inc., the nation’s leading pallet recycling and pallet manufacturing company, has released its 2025 Corporate Social Responsibility (CSR) Report. The annual report highlights Kamps’ continued leadership in environmental stewardship, social responsibility, and ethical business practices throughout its nationwide operations. In 2024, Kamps recycled more than 419 million pallets across its national network. This record-setting […]
PPG, ArcelorMittal Showcase Milestone in Low-Carbon Auto Manufacturing
Companies presented collaboration at SURCAR automotive painting conference PPG and global steel leader ArcelorMittal announced a major step forward in reducing the carbon footprint of automotive manufacturing. The collaboration combines advanced steelmaking technologies with next-generation electrocoat solutions. The results were presented last week at the SURCAR automotive painting conference in Cannes. The study revealed that […]
Lumber for Nations Program Supports Indigenous Building Projects
The result of a growing partnership between Meadow Lake Tribal Council and Tolko The Meadow Lake Tribal Council (MLTC) and Tolko Industries Ltd. (Tolko) are pleased to announce the signing of a Memorandum of Understanding (MOU), establishing a Lumber for Nations Program. The Lumber for Nations Program aims to support building projects in the Indigenous […]
Report: Woodgrain to Close its Pilot Rock, Oregon Facility
On July 1, 2025, Woodgrain, Inc. (HQ: Fruitland, ID) filed a WARN Notice (#9285) with Oregon Rapid Response Coordinator, Michael Welter and Mayor Randy Gawith of Pilot Rock, Oregon. In the filing, Woodgrain stated that “on or after September 1, 2025, Woodgrain, Inc. will permanently close its Pilot Rock sawmill located at 600 NW Cedar […]
PrimeSource Brands Acquires Fortress Railing Products
Acquisition further strengthens PrimeSource Brands’ market position within the outdoor living segment PrimeSource Brands, a North American provider of specialty branded building products backed by Clearlake Capital Group, L.P. (“Clearlake”), announced that it has acquired Fortress Railing Products (“Fortress Railing”, or the “Company”), a leading provider of railing systems designed for performance and ease-of installation. […]
Madison’s Reporter: Ongoing Soft Demand Plagues Softwood Lumber Market
Spruce prices continued to grind upward while Southern Yellow Pine seemed to hit bottom on long-beleaguered 2×6 dimension. A supply-driven uptick was evident in plywood. In the week ending June 20, 2025, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$475 mfbm. This is up +$13, or +3%,from the […]
NVR, Inc. Appoints New Member to Board of Directors
NVR, Inc. announced that Michael J. DeVito has been appointed to its Board of Directors as an independent director effective July 1, 2025. Mr. DeVito was the Chief Executive Officer and an Executive Director of Federal Home Loan Mortgage Corporation (Freddie Mac), one of the largest providers of mortgage financing in the country, from 2021 to 2024. Prior to working […]
Allegion Finalizes Acquisition of Leading Readers and Credentials Provider ELATEC
Allegion plc, a leading global security products and solutions provider, through one of its subsidiaries, has completed the acquisition of ELATEC, including Elatec GmbH and other group entities, (“ELATEC”) from Summit Partners for €330 million on a cash-free, debt-free basis. About Allegion Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands […]