The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for July 2023: New Home Sales Sales of new single-family houses in July 2023 were at a seasonally adjusted annual rate of 714,000, according to estimates released jointly today by the U.S. Census Bureau […]
Mortgage Applications Decrease in August 23rd MBA Weekly Survey
Mortgage applications decreased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 18, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Boise Cascade Reaches Agreement to Purchase Brockway-Smith Company
Boise Cascade Company (Boise Cascade) announced today that it has reached an agreement to purchase Brockway-Smith Company (BROSCO®), a leading wholesale distributor specializing in doors and millwork. The purchase price for BROSCO, including the acquisition of its two full-scale distribution centers, is $172 million, subject to certain closing adjustments. Boise Cascade plans to fund the transaction and closing-related expenses […]
Atlas Engineered Products Announces Acquisition of a Truss and Wall Panel Manufacturer in New Brunswick
Atlas Engineered Products (“AEP” or the “Company”) announced today that the Company has completed the acquisition of Léon Chouinard et Fils Co. Ltd./Ltée. (“LCF”) located in New Brunswick, Canada. LCF is a manufacturer of roof trusses, floor systems, and wall panels and a supplier of engineered wood products (“EWP”). “We are excited to announce the acquisition […]
The Home Depot Launches New Homeowners Hub Designed with Millennials in Mind
Millennials report home maintenance (74%) and home improvement (68%) projects are the most stressful aspects of homeownership; site created to help The Home Depot® launched a New Homeowners Hub to equip the next generation of current and future first-time homeowners with valuable resources including DIY guides, product recommendations, design inspiration and more. According to a new survey conducted […]
Madison’s Reporter: Lumber Prices Drop in Mid-August Lull
In the week ending August 11, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$397 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is down by -$29, or -7%, from the previous week when it was $426. That week’s price is down by -$58, or -13%, from one […]
Governor Cooper Announces Home Builder Will Create 263 Jobs with New Facility in Stanly County
Clayton Supply selects location in New London Clayton Supply, part of Clayton Home Building Group, will create 263 jobs as it locates a new facility in Stanly County, Governor Roy Cooper announced today. The company’s project will locate in New London. “Manufacturers trust North Carolina because they know we’ve earned our reputation for having the […]
Chris Swenson Named Vice President of Human Resource of Parksite
~ Building Material Distributor Announces Expansion of Human Resource Group with Addition of VP of HR ~ Parksite, Inc. announced the appointment of Chris Swenson to the newly created role of Vice President, Human Resources. In this role, Chris will lead Parksite’s Human Resources teams across all business units. “Significant growth and expansion, like we’ve […]
La-Z-Boy Reports First Quarter Fiscal 2024 Results
La-Z-Boy Incorporated (“La-Z-Boy”), a global leader in the manufacture and retail of residential furniture, today reported first quarter results for the period ended July 29, 2023. Sales totaled $482 million, in line with guidance of $470 to $490 million, and a decrease of 20% against a year ago period that benefited from delivery of pandemic related backlog. Company owned Retail written same-store […]
Toll Brothers Reports FY 2023 3rd Quarter Results
Toll Brothers, Inc., the nation’s leading builder of luxury homes, today announced results for its third quarter ended July 31, 2023. FY 2023’s Third Quarter Financial Highlights (Compared to FY 2022’s Third Quarter) Douglas C. Yearley, Jr., chairman and chief executive officer, stated: “We are very pleased with our third quarter results. We beat our guidance for home sales revenues, adjusted […]