Continues Texas Expansion Nation’s Best continues to expand its far-reaching footprint in Texas with the acquisition of Big Bear Hardware in La Vernia, its 59th location nationwide. “This is an ideal south-central location just outside of San Antonio,” said Chris Miller, president & CEO of Nation’s Best. “As we continue to strengthen our presence in […]
Lowe’s Foundation Partners with Metallica’s Foundation
Band’s nonprofit helping funnel thousands of students into the workforce The Lowe’s Foundation is partnering with Metallica’s All Within My Hands and its Metallica Scholars Initiative. The Metallica foundation’s nationwide program is receiving a $500,000 donation to expand its support of skilled trades training for community college students as enrollments rise at vocationally focused schools. The $500,000 donation from the […]
Sonoco to Acquire Eviosys
Advances Sonoco’s Shareholder Value Creation Strategy Through Disciplined and High Return Capital Investment Transaction Value of Approximately $3.9 Billion Represents a Multiple of 7.3x 2024 Expected Adjusted EBITDA Including Synergies Rodger Fuller, Chief Operating Officer, to Lead Integration; Expect to Achieve Over $100 Million of Synergies Within 24 Months Acquisition Expected to be Immediately Accretive to Adjusted EPS and Over […]
Armadillo Decking Announces Partnership with K+R Building Materials
Armadillo Decking is pleased to announce its new partnership with K+R Building Materials, a significant alignment that will enhance service to customers throughout the Midwestern United States. This strategic collaboration strengthens Armadillo’s market presence while expanding K+R’s already impressive range of product offerings. “We are proud to have a partner who believes in taking care […]
Lumber Price Index for Week Ending June 21, 2024
The Madison’s Lumber Prices Index for the week ending June 14, 2024 is: US$413 mfbm. This is down – 1%, or -$5, from the previous week when it was US$418. 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 […]
NAR: Existing-Home Sales Edged Lower by 0.7% in May
Existing-home sales slipped 0.7% in May to a seasonally adjusted annual rate of 4.11 million. Sales descended 2.8% from one year ago The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the eleventh consecutive month of year-over-year price gains The inventory of unsold existing homes […]
Marvin Welcomes Director of Operations for New Kansas City Manufacturing Facility
400,000-square-foot facility is expected to begin production in 2025, welcoming 600 new jobs Marvin welcomes Robert Conchola as director of operations for Marvin’s forthcoming manufacturing plant in Kansas City, Kansas. Conchola will oversee and guide the daily operations for Marvin in Kansas City and will soon begin to build the team that will open Marvin’s newest […]
Freddie Mac: Mortgage Rates Move Lower
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent. “Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Sam Khater, Freddie Mac’s Chief Economist. “These lower mortgage rates coupled with the gradually […]
Floor & Decor Announces Grand Opening of Columbus, Georgia Store
Leading high-growth retailer specializing in hard-surface flooring offers homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone and more celebrates its first warehouse location in Columbus, Georgia Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its first […]
Statistics Canada: New Housing Price Index, May 2024
New house prices rise for the second consecutive month in Canada The national index rose by 0.2% on a month-over-month basis in May and prices grew in 10 of the 27 census metropolitan areas (CMAs) surveyed. This was the first month since June 2022 that prices increased in 10 or more CMAs. The largest month-over-month increases in May 2024 were reported in Trois-Rivières (+2.0%), Calgary (+1.3%) and […]