Mohawk Industries, Inc. (“Mohawk”) announced that it has entered into an agreement to purchase the Vitromex ceramic tile business from Grupo Industrial Saltillo (“GIS”) for approximately $293 million in cash. The transaction is expected to close in the second half of 2022 and is subject to the approval of GIS’s shareholders, as well as customary […]
Homes For Our Troops Raises Over $2 Million for Severely Injured Post-9/11 Veterans
ABC Supply Co. Inc., the nation’s largest wholesale distributor of roofing, siding and other select exterior and interior building products, is proud to announce a final donation total of over $2 million as part of its sponsorship of Homes for Our Troops (HFOT). The company pledged to match every donation up to $1 million total for the […]
Two Recipients Named for National Forestry Innovation Awards
In advance of World Environment Day, Forest Products Association of Canada (FPAC) is proud to announce the inaugural winners of the Chisholm Awards for Innovation in Forestry, a national competition which recognizes youth leadership and innovative research developments in the field of forestry. The Chisholm Awards for Innovation in Forestry program showcases the game-changing ideas, […]
ABC: Nonresidential Construction Adds 19,400 Jobs in May
The construction industry added 36,000 jobs on net in May, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 283,000 jobs, an increase of 3.8%. Nonresidential construction employment increased by 19,400 positions on net, with all […]
Prairie City Sawmill Reopens in July, Bringing 50 New Jobs
Prairie Wood Products, a division of DR Johnson Lumber Company, will reopen its sawmill in Grant County, Oregon. The sawmill will reopen in early July and hire around 50 employees, bringing much-needed jobs back to Eastern Oregon. The mill previously operated for 30 years before closing due to economic hardship brought on by the Great […]
Statistics Canada: Building Permits, April 2022
The total value of building permits in Canada declined 0.6% in April to $11.7 billion. Decreases in residential permits (-3.3%) were mostly offset by gains in the non-residential sector (+5.0%). On a constant dollar basis (2012=100), the total value of building permits increased 0.5% to $7.5 billion. Residential sector pulls back following strong month Residential […]
Freddie Mac: Mortgage Rates Stay Relatively Flat
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 5.09 percent. “Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,” said Sam Khater, Freddie Mac’s Chief Economist. “Heading into the summer, the potential homebuyer pool […]
NAR Applauds New HUD Program Prioritizing Housing Supply
The Department of Housing and Urban Development (“HUD”) announced its “Our Way Home” initiative this week to connect communities across the country with the resources needed to combat the nation’s housing supply shortage. The following is a statement from NAR President Leslie Rouda Smith: “NAR commends HUD Secretary Marcia Fudge on launching the innovative ‘Our […]
PPG Named Official Paint of WALT DISNEY WORLD® Resort and DISNEYLAND® Resort
PPG today announced it has entered a multi-year parks alliance agreement with Disney Parks, Experiences and Products, where paint and color play a dynamic role in bringing dreams to life for all who visit the world’s most magical destinations. The parks alliance agreement recognizes PPG as the Official Paint of Walt Disney World® Resort and […]
LP Building Solutions Awarded 2022 Best in Business Award by Nashville Business Journal
LP Building Solutions (LP), a leading manufacturer of high-performance building products, has won Nashville Business Journal’s 2022 Best in Business Award for the Public Company category. Selected by the Nashville Business Journal, the Best in Business Awards are presented to employers in the Middle Tennessee area who exhibited great tenacity and innovation in 2021 in […]