The NAHB/Westlake Royal Remodeling Market Index (“RMI”) for the first quarter posted a reading of 86, which remained unchanged compared to the first quarter of 2021. The finding is a signal of residential remodelers’ confidence in their markets, for projects of all sizes. “Business remains strong for most remodelers at the beginning of 2022,” said […]
Freddie Mac: Mortgage Rates Hit Five Percent
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent. “This week, mortgage rates averaged five percent for the first time in over a decade,” said Sam Khater, Freddie Mac’s Chief Economist. “As Americans contend with historically high inflation, the combination of rising mortgage rates, […]
Tropical Forest Products Introduces New Black Label™ Curated Collection of Certified Sustainable Lumber
Tropical Forest Products proudly announces its new premium Black Label™ brand of curated, certified sustainable collection of tropical hardwoods graded to the highest quality. The brand’s lumber portfolio consists of a selection of the finest Ipe, Cumaru, Jatoba, Garapa, Angelim, Pedra, Kebony, ThermoWood and Tigerwood in the world. Exceeding industry standards, Black Label lumber is […]
Floor & Decor Launches the Grand Opening of its Baton Rouge, Louisiana Store on April 21, 2022
Floor & Decor a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Baton Rouge, Louisiana on April 21, 2022. The 80,000 square-foot Floor & Decor warehouse store and design center will open with a team of about 50 full-time and part-time associates […]
CSX Receives Approval from Surface Transportation Board to Acquire Pan Am Railways
CSX Corp. today announced that the Surface Transportation Board (STB) approved CSX’s application to acquire Pan Am Railways, Inc. (Pan Am). CSX will move forward with the acquisition with a planned closing date of June 1, 2022, at which time CSX will acquire control of Pan Am. “CSX is pleased that the STB approved the […]
Hupacasath First Nation Signs Memorandum of Understanding with Catalyst Paper
Hupacasath First Nation and Catalyst Paper, a Paper Excellence company, recently signed a Memorandum of Understanding (“MOU”). This MOU sets out the intentions of both parties to build a collaborative relationship together. “Signing this MOU is about change. It’s about all of us at Paper Excellence, rightfully recognizing and respecting the aboriginal rights of the […]
Statistics Canada: Investment in Building Construction, February 2022
Investment in building construction increased 4.0% in February, reaching $20.0 billion for the first time. Most provinces reported gains, with Quebec accounting for over 50% of the increase. On a constant dollar basis (2012=100), investment in building construction increased 3.9% to $12.7 billion. Residential construction continues to show strength Investment in single family homes rose […]
Ron Rodriguez Joins Galleher Commercial Sales Team from Armstrong Flooring
Galleher, LLC has named Ron Rodriguez as its new commercial flooring specialist in the Los Angeles area. Rodriguez joins Galleher Commercial after 30+ years serving commercial clients in Southern California and Hawaii on behalf of Armstrong Flooring. Adding Rodriguez to the Galleher Commercial team reflects Galleher’s continuing commitment to its commercial flooring business. “Our commercial […]
NAHB Launches New Mentorship Program: Leadership Connect
NAHB is now accepting applications for a newly launched mentorship program, Leadership Connect. This program pairs experienced Leadership Council delegates (advisers) with individuals new to the Federation’s national leadership (apprentices). The goal of the adviser and apprentice relationship is to develop the next generation of NAHB leaders and to exchange business ideas and industry knowledge. […]
Simpson Strong-Tie Completes the Acquisition of ETANCO Group
Simpson Strong-Tie, an industry leader in engineered structural connectors and building solutions, today announced the successful completion of its acquisition of the ETANCO Group, a leading designer and manufacturer of fixing and fastening solutions for the European building construction market. “ETANCO is a highly successful and profitable company with a 70-year history and well-established brand […]