The Madison’s Lumber Prices Index for the week ending July 19, 2024 is: US$367 mfbm. This is down -0%, or -$2, from the previous week when it was US$369. For information regarding the construction of this Index (species mix, weighed averages) please go here: https://madisonsreport.com/madisons-lumber-prices-index-a-powerful-tool-for-data-driven-decision-making/ About Madison’s Lumber Reporter Established in 1952, Madison’s Lumber Prices […]
Carlisle Companies Announces Finance Leadership Changes
Carlisle Companies Incorporated announced the following leadership changes, effective August 1, 2024, to continue to strengthen and enhance the global finance organization, leveraging and building on a team with deep experience and a track record of success: As part of the changes, John will build on his 27 years of Carlisle experience to continue his […]
Wholesale Building Material Distributor Partners with OutDure
~ Parksite Expands Offering to include Outdure QwickBuild™ Deck Framing System ~ Effective immediately, Parksite, Inc. will offer Outdure’s QwickBuild Aluminum Deck Framing System across its Illinois, Ohio, Maryland, New Jersey, New York, Connecticut, North Carolina, Florida, and North Dakota geographical territories. With unmatched capabilities, QwickBuild is a modular structural solution that is fast and […]
Beacon Expands Service With New Locations in Georgia and Texas
Beacon, the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced that it has opened new locations in Athens, Georgia and in Midlothian, Texas. The new branch in Athens, Georgia serves the area’s residential and commercial markets including the University of Georgia. “Our complete product catalog, including the TRI-BUILT® line, is now available for […]
Statistics Canada: Investment in Building Construction, May 2024
Month over month, investment in building construction edged up 0.8% to $20.8 billion in May, rebounding from a 2.0% decrease in April. Both residential (+0.9% to $14.4 billion) and non-residential (+0.6% to $6.4 billion) sectors rose slightly in May. On a constant dollar basis (2017=100), investment in building construction was up 0.9% to $12.7 billion in May. Decline in investment in single-family […]
JCHS: Remodeling Spending to Tick Up Through Mid-Year 2025
After a modest downturn, homeowner expenditures for improvements and repairs are expected to trend up through the first half of 2025, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that declines in annual spending for renovations and […]
Freddie Mac: Mortgage Rates Continue to Fall
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.77 percent. “The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates are headed in the right direction and the economy remains […]
Ethan Allen Recognized as America’s Best Premium Furniture Retailer for the Second Consecutive Year
Ethan Allen Interiors Inc. (“Ethan Allen”) has once again been named #1 on Newsweek’s list of America’s Best Retailers 2024 in the Premium Furniture category. Presented by Newsweek and Statista Inc., a leading statistics portal and industry ranking provider, the list was announced on July 17, 2024, and can be viewed on Newsweek’s website. This […]
PPG Reports Second Quarter 2024 Financial Results
PPG reported financial results for the second quarter 2024. Chairman and CEO Comments Tim Knavish, PPG chairman and chief executive officer, commented on the quarter: PPG delivered strong financial results in an increasingly challenging macro-environment. We achieved record reported EPS and adjusted EPS and grew year-over-year adjusted EPS by 11%, marking the sixth consecutive quarter […]
NAR: Annual Foreign Investment in U.S. Existing Homes Sales Decreased 21.2% to $42 Billion
Number of existing homes bought by international buyers declined to 54,300 — the fewest since NAR began measuring in 2009 Foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, retreating 21.2% from the prior 12-month period, according to a new report from the National Association of Realtors®. International […]