Forest Products Association of Canada (FPAC) welcomes the federal government’s move to introduce a catalogue of pre-approved, ready-to-build housing designs – a measure that could help accelerate rapid, affordable, and climate-resilient housing solutions offered by Canadian mass timber and harvested wood products. “The introduction of a federal housing catalogue is a step forward to grow […]
Freddie Mac: Mortgage Rates Drop Below Seven Percent
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.95 percent. “Potential homebuyers received welcome news this week as mortgage rates dropped below seven percent for the first time since August,” said Sam Khater, Freddie Mac’s Chief Economist. “Given inflation continues to decelerate and the […]
Fortune Brands Named to Newsweek’s America’s Most Responsible Companies 2024 List
Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced that it has been named to Newsweek’s list of America’s Most Responsible Companies 2024. This marks the fifth consecutive year the Company has been recognized on the list. “Fortune Brands is proud […]
CMC Announces Changes to Segment Reporting
Commercial Metals Company (NYSE: CMC) (“CMC” or the “Company”) today announced that beginning with its first quarter of fiscal 2024, the Company will report financial results reflecting a realigned reporting structure, with three reportable segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group. Peter R. Matt, President and Chief Executive Officer, said, […]
Union Pacific Appoints John Tien to Board of Directors
Union Pacific Corporation (“Union Pacific”) announced the appointment of John Tien to its board of directors, effective immediately. Tien most recently served as deputy secretary of the Department of Homeland Security (DHS), the first Asian American to ever hold the position, from 2021 until his retirement in July 2023. During his tenure, Tien served as […]
Canada’s Forest Sector Welcomes Federal Pre-Approved Housing Design Initiative
Forest Products Association of Canada (“FPAC”) welcomes the federal government’s move to introduce a catalogue of pre-approved, ready-to-build housing designs – a measure that could help accelerate rapid, affordable, and climate-resilient housing solutions offered by Canadian mass timber and harvested wood products. “The introduction of a federal housing catalogue is a step forward to grow […]
Clayton Applauds New FHA Appraisal Requirements Improving Valuation of Off-Site Built Homes
Clayton’s CrossMod® Homes Offer an Attainable Housing Solution that Provides Long-term Wealth Building Opportunities for Homeowners Clayton, a leading national builder of single-family attainable housing, is positioned to help home buyers benefit from new appraisal guidelines recently issued by the Federal Housing Administration (FHA), which vastly improve the valuation criteria for CrossMod® homes. With the FHA’s […]
MoistureShield Expands Distribution in Michigan with Specialty Building Products’ Amerhart Brand
Partnership with Specialty Building Products’ Amerhart brand expands MoistureShield distribution in Michigan MoistureShield®, a signature brand of Oldcastle APG®, is partnering with Amerhart, an operating brand of Specialty Building Products (SBP), to expand distribution of its comprehensive composite decking portfolio in Jackson and Traverse City, Michigan. “Michigan’s expansive coastal area makes for the perfect market […]
NAR Forecasts 4.71 Million Existing-Home Sales, Improved Outlook for Home Buyers in 2024
Austin, Texas named top real estate market with most pent-up housing demand next year NAR Chief Economist Lawrence Yun forecasts that 4.71 million existing homes will be sold, the housing market is expected to grow, and Austin, Texas will be the top real estate market to watch in 2024 and beyond. Yun unveiled the association’s […]
Specialty Building Products and TOOLBX Partner to Drive eCommerce Growth for LBM Dealers
Strategic partnership will empower SBP lumber dealers to seize the growing eCommerce opportunity in building supplies Specialty Building Products (“SBP”), a leading distributor of specialty building products in North America, and TOOLBX, the leading eCommerce platform for independent lumber and building supply dealers, announced a strategic collaboration to help SBP’s customers capture the growing opportunity […]