Rising mortgage rates, high inflation, low existing inventory and elevated home prices caused housing affordability to fall to its lowest point since the Great Recession in the second quarter of 2022. According to the NAHB/Wells Fargo Housing Opportunity Index, just 42.8% of new and existing homes sold were affordable to a typical family. As more […]
PGT Innovations Takes Top Spot in Engineering and Manufacturing Category on Forbes’ America’s Best-in-State Employers List
PGT Innovations (NYSE: PGTI), a national leader in the premium window and door category, recently ranked No. 1 in the engineering and manufacturing category on Forbes’ America’s Best-in-State Employers list for 2022. This year’s complete list featured 1,380 companies across the U.S. in 25 industry sectors. For the state of Florida, PGT Innovations was one […]
The Home Depot to Present at the Goldman Sachs 29th Annual Global Retailing Conference
The Home Depot®, the world’s largest home improvement retailer, today announced that Ted Decker, chief executive officer and president, and Jeff Kinnaird, executive vice president – merchandising, will present at the Goldman Sachs 29th Annual Global Retailing Conference. The presentation will begin at 9:35 a.m. ET on Thursday, September 8, 2022. The presentation will be webcast […]
Freddie Mac: Mortgage Rates Increase
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.55 percent. “The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market,” said Sam Khater, Freddie Mac’s Chief Economist. “Home sales continue to decline, prices are moderating, […]
MBA: Homebuyer Affordability Improves in 47 States in July Amidst Lower Mortgage Rates and Loan Amounts
Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893 in June. This is according to the Mortgage Bankers Association’s (“MBA”) Purchase Applications Payment Index (“PAPI”), which measures how new monthly mortgage payments vary across time – relative to income – […]
PPG’s Vining Ivy, 2023 Color of the Year, Expected to Influence Industrial Design
PPG announced that its 2023 Color of the Year, Vining Ivy, is expected to shape the styling direction of industrial and consumer products, including cookware, consumer electronics and office furniture. PPG also announced a collection of three coordinating color palettes called Reflection. Vining Ivy reflects the continued global dominance of green around the world. It […]
48forty Solutions Completes Acquisition of CALco Pallets
48forty Solutions (“48forty”), a leading national provider of recycled pallets and pallet management services, today announced that it has acquired mid-western pallet management leader CALco Pallets (“CALco” or the “Company”). The terms of the transaction were not disclosed. 48forty is a portfolio company of Audax Private Equity (“Audax”) and Summit Partners (“Summit”). CALco is a […]
NLBMDA, WCLBMA and Ganahl Lumber Host Congresswoman Michelle Steel
On August 17, 2022, Congresswoman Michelle Steel (R-California) joined the National Lumber & Building Material Dealers Association (NLBMDA) and the West Coast Lumber & Building Material Association (WCLBMA) for a tour of Ganahl Lumber at their lumber yard and hardware store and in Costa Mesa, CA. Congresswoman Steel met with President and CEO Peter Ganahl […]
CRH plc Issues Interim Results for the Six Months Ended 30 June 2022
CRH plc, the global leader in building materials solutions, issues the following Interim Results for the six months ended 30 June 2022. Key Highlights Positive first-half performance; further growth in sales & EBITDA Margin ahead despite significant inflationary headwinds Reflecting the resilience of our business & our integrated solutions strategy Year-to-date acquisition spend $2.8bn including […]
Hammond Lumber Company Selected as a 2022 Best Places to Work in Maine
Hammond Lumber Company (Hammond) was recently recognized as one of the 2022 Best Places to Work in Maine. This statewide survey and awards program is designed to identify, recognize, and honor the best places of employment in Maine, benefiting the state’s economy, its workforce and businesses. “We would like to congratulate and thank the Hammond […]