Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (“MBA”) Weekly Mortgage Applications Survey for the week ending April 28, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Beacon Adds Mississippi Branch Supporting Residential and Commercial Contractors
Beacon announced that it has opened a greenfield location in Gulfport, Mississippi. The Gulfport location services Gulfport, Biloxi and surrounding metropolitan area customers. “We are pleased to expand Beacon’s footprint in this growing Mississippi Gulf Coast market,” commented Lynn France, Beacon’s Regional Vice President, Southeast. “This new branch is stocked with leading brands of residential and commercial […]
Gibraltar Announces First Quarter 2023 Financial Results
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today reported its financial results for the three-month period ended March 31, 2023. “First quarter results demonstrate a strong start to the year. We executed well delivering 14% improvement in adjusted operating income on […]
River City Millwork Launches New Website and Interactive Catalog
River City Millwork, a top-notch regional distributor of distinctive high-quality doors, windows and millwork, launched its new website today. The newly enhanced website features a contemporary design, an enhanced product finder, a custom door configurator, and beautifully presents River City Millwork’s extensive line of door, window, and millwork products. River City Millwork, a division of Rugby Architectural Building Products, distributes […]
Emerson Appoints New Chief Financial Officer
Emerson announced that Mike Baughman, vice president, controller and chief accounting officer, has been promoted to executive vice president and chief financial officer, effective May 10. He succeeds Frank Dellaquila, who will be retiring after 32 years with the company. To ensure a seamless transition, Dellaquila will serve as senior advisor to the CEO through […]
Madison’s Reporter: Lumber Prices Tick Up Slightly Even as Demand Remains Low
At this time of year, the historical trend would normally be for lumber prices to be rising. Usually by mid-April the building activity for housing is ramping up, and sales volumes of construction framing lumber are approaching their high for the year. This year, however, is proving to be quite the exception. The biggest reason […]
BlueLinx Announces First Quarter 2023 Results
BlueLinx Holdings Inc. (“BlueLinx” or the “Company”), a leading U.S. wholesale distributor of building products, today reported financial results for the three months ended April 1, 2023. First Quarter 2023 Highlights (all comparisons are versus the prior year period unless otherwise noted) “Our first quarter performance reflected the continued execution of our long-term strategy in […]
UFP Industries Announces First Quarter Results
UFP Industries, Inc. (or “UFP”) announced first quarter 2023 results including net sales of $1.82 billion, net earnings attributable to controlling interest of $126 million, and earnings per diluted share of $1.98. “Given the softer economy and general uncertainty in the markets, these results are in line with our expectations and, in some instances, better than we anticipated, thanks […]
WestRock to Close Paper Mill in North Charleston, South Carolina
WestRock Company (“WestRock”) announced it will permanently cease operating its paper mill in North Charleston, South Carolina, on August 31, 2023. “WestRock and its predecessor companies have had a long history in the region operating the North Charleston mill, and the contributions of the team members over the years have been greatly appreciated,” said David […]
Carlisle Companies Elects C. David Myers to its Board of Directors
Carlisle Companies Incorporated (NYSE:CSL) announced today that C. David Myers has been elected to its Board of Directors effective immediately. Mr. Myers served as President – Building Efficiency of Johnson Controls Inc., a global diversified technology and industrial company from 2005 to 2014. Mr. Myers previously served as President and Chief Executive Officer, as well as […]