Canadian National Railway Company (“CN”) announced it will make a combined donation of CAD $1.1M to the Canada-Ukraine Foundation and to Razom in the United States in support of Ukrainians displaced by the war in Ukraine. CN will also be matching donations made through the CN Employees’ and Pensioners’ Community Fund. “This donation will allow […]
NAHB: Diminished Future Sales Expectations Rising Costs Lower Builder Confidence
Ongoing lumber and building material supply side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even as buyer demand remains relatively solid. Builder confidence in the market for newly built single-family homes moved two points lower to 79 in March from a downwardly revised reading in February, […]
Canadian Pacific Issues Notice to Lock-Out Train & Engine Employees
Canadian Pacific Railway Limited has issued 72-hour notice to the Teamsters Canada Rail Conference (TCRC)-Train & Engine of its plan to lock-out employees at 00:01 ET on March 20, 2022 if the union leadership and the company are unable to come to a negotiated settlement or agree to binding arbitration. “For the sake of our […]
Mortgage Applications Decrease in March 16th MBA Weekly Survey
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 March 11, 2022. 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, […]
Floor & Decor Holdings, Inc. Announces Long-Term Financial Targets and Strategic Priorities
Floor & Decor Holdings, Inc. will host its 2022 Investor conference today, Wednesday, March 16, 2022 starting at 8:30 a.m. Eastern Time. In conjunction with the event, the company is announcing its long-term financial targets and strategic priorities through fiscal 2024. Tom Taylor, Chief Executive Officer, stated, “We just completed our most successful year on […]
Madison’s Reporter: Further Rise of Lumber Prices
Still hot demand and relentless delivery delays served to pop up lumber prices yet higher. Buyers scoured their supplier contacts for anyone who might have the wood they need on hand at acceptable price levels. Inventories throughout the supply chain remained low to non-existent. A lot of time continued to be spent searching out the […]
Canadian Pacific Commits to Clarifying Train Traffic Data Submitted as Part of Regulatory Review of the CP-KCS Combination
Canadian Pacific Railway Limited (“CP”) made the following statement in response to the Surface Transportation Board’s (the “STB”) decision on Wednesday asking Applicants to “address an apparent inconsistency in certain data submitted” to the STB. CP welcomes and expects a comprehensive regulatory and environmental review of our application and shares the STB’s desire for accurate, […]
Construction Input Prices Rise 2.6% in February, Says ABC
Construction input prices increased 2.6% in February compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 2.5% for the month. Construction input prices are up 24.4% from a year ago, while nonresidential construction […]
Timber Industry, Conservation Groups Achieve Historic Timber Agreement in Oregon
If you live in Oregon and pay attention to the news, you’ve probably heard about an historic agreement between the timber industry and environmental advocates that the state Legislature recently passed into law. Known as the Private Forest Accord (“PFA”), the agreement forms a comprehensive set of changes to the Oregon Forest Practices Act, and […]
TAL Holdings to Acquire Orofino Builders Supply
TAL Holdings (“TAL”), one of the fastest growing family-owned building material centers in the Pacific Northwest announced today they have reached an agreement in principle to acquire the five-store chain, Orofino Builders Supply (Orofino), located in Grangeville, Kamiah, Lewiston, and Orofino, Idaho. “I am thrilled to welcome Orofino to the TAL family of brands,” shared […]