Kodiak Building Partners announced today that John Dadderio and Blayne Patrick were recently promoted to the Co-President positions at Specialty Appliance, based in Denver Colorado. John and Blayne fill the positions left by the promotions of Greg Ulvedal and Kirk Dryden who became the Co-Presidents of the Interiors Group for Kodiak. Both men have had […]
White Cap Announces New Corporate Partnership with Toys for Tots
White Cap Supply Holdings, LLC (“White Cap”) is proud to announce a new U.S. corporate partnership with the nonprofit organization Toys for Tots to benefit their mission of distributing toys to children during the holiday season. Founded in 1947, Toys for Tots collects and delivers new, unwrapped toys for children in need during the holiday […]
Barchart: Lumber Back In Falling Knife Mode
Lumber futures for delivery in July 2022 reached a high of $1,204.70 on March 4, 2022. The continuous contract rallied to $1,477.40 in early March, making a lower high than the May 2021 record $1711.20 per 1,000 board feet peak. Since early March, lumber has been correcting, falling below the $640 level for the first time […]
Canfor Provides Update on Operating Schedules for Western Canadian Sawmills
Canfor Corporation (the “Company”) is announcing the continuation of reduced operating schedules at its Western Canadian sawmills due to the ongoing global supply chain challenges. The Company has been operating at approximately 80% of production capacity since late March 2022. In addition, the Company will be implementing two weeks of rotating downtime across its primary […]
NAHB: How Single-Family Home Sizes Have Shifted
According to first quarter 2022 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area inched down to 2,310 square feet. Average (mean) square footage for new single-family homes decreased to 2,512. An expected impact of the virus crisis is a need for more residential space, as […]
American Woodmark Corporation Announces Fourth Quarter Results
American Woodmark Corporation today announced results for its fourth fiscal quarter ended April 30, 2022, and its fiscal year ended April 30, 2022. Net sales for the fourth fiscal quarter increased $28.3 million, or 6.0%, to $501.7 million compared with the same quarter of the prior fiscal year. The Company experienced growth across all sales […]
Cavco Industries Reports Fiscal 2022 Fourth Quarter and Year End Results
Cavco Industries, Inc. (“Cavco” or the “company”) announced financial results for the fourth quarter and fiscal year ended April 2, 2022 and provided updates on other business items. The current fiscal year includes 52 weeks while fiscal year 2021 contained 53 weeks, with the extra week falling in the fourth quarter. On September 24, 2021, […]
Doug Rende Has Been Selected To Lead North American Specialty Laminations
North American Specialty Laminations (“NASL”) is a profile wrapping, and specialty manufacturing company serving the Window, Door, Cabinet, Furniture and Architectural Millwork industries. It is a portfolio company of the Boston based private equity investment firm Building Industry Partners (“BIP”). BIP is grateful for the opportunity to partner with Doug Rende to build a people-focused […]
Freddie Mac: Mortgage Rates Continue to Decrease
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 5.10 percent. “Mortgage rates decreased for the second week in a row due to multiple headwinds that the economy is facing,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite the recent moderation in rates, the housing market has […]
NAR: Pending Home Sales Descend 3.9% in April
Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors® reported. Only the Midwest region saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity. Key Highlights Pending sales slid for […]