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 Denton, Texas on November 22, 2021. The 73,000 square-foot Floor & Decor warehouse store and design center will open with a team of about 50 full-time and part-time associates led […]
PGT Innovations Supports Veterans With Donation of Over $9,000 Between Two Nonprofits
PGT Innovations, a national leader in the premium window and door category, recently donated $9,580 between two nonprofit organizations, Operation Warrior Resolution and Wounded Warrior Project. Earlier this year, PGT Innovations designed its own company-branded RED (Remember Everyone Deployed) t-shirt and made the shirts available for employees to purchase and wear on Fridays for RED […]
NAR: Home Prices Spiked by Double-Digits in 78% of Metro Areas in Third Quarter of 2021
Strong homebuyer demand and limited housing supply led to median sales prices rising for existing single-family homes in all but one of 183 measured markets in the third quarter of 2021. This is according to the latest quarterly report from the National Association of Realtors®, which found that 78% of 183 markets experienced double-digit year-over-year […]
Freddie Mac: Mortgage Rates Drop Below Three Percent Again in November 10th Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.98 percent. “Despite the re-acceleration of economic growth, the recent bond rally drove mortgage rates down for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “These low mortgage rates, combined with the tailwind of first-time […]
Anderson Corporation Promotes Chris Galvan to President and Chief Operating Officer
Andersen Corporation announced the promotion of Chris Galvin to the role of president and chief operating officer, effective January 1, 2022. Galvin will become the company’s eleventh president in its 118-year history. Over the course of his nearly 20 years with Andersen, Galvin has held leadership roles in corporate finance, manufacturing, logistics and supply chain […]
Skyline Champion Opening Two-Plant Campus Creating Over 250 Jobs
Skyline Champion announced its newest home building facility in Navasota, Texas. The 270,000 square-foot plant located in southeast Texas reflects the company’s commitment to deliver affordable quality-built homes across North America. As previously announced, the facility was acquired in June and the operation has been retooled. Hiring is underway, and the first production line will […]
Mortgage Applications Increase in November 10th MBA Weekly Survey
Mortgage applications increased 5.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 5, 2021. The Market Composite Index, a measure of mortgage loan application volume, increased 5.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]
Madison’s Reporter: After Multi-Week Rises, Most Softwood Lumber Prices Flatten
Following the absolute plummet this summer after unsustainable highs in spring, lumber prices have been recovering during September and October, said weekly softwood lumber and panel price guide Madison’s Lumber Reporter. In the week ending October 29, most construction framing dimension lumber prices flattened out, to finish the week at close to the levels of […]
MoistureShield Continues Distribution Expansion in the Pacific Northwest, Alaska and Hawaii with Specialty Forest Products
MoistureShield®, a division of Oldcastle APG, a CRH Company, is expanding distribution in the Pacific Northwest, Alaska and Hawaii with Specialty Forest Products’ branch locations in Spokane and Tacoma, Washington and Bozeman, Montana. All Specialty Forest Products branch locations will carry MoistureShield Vision®, Elevate® and Vantage™ composite decking product lines. “We’re excited to partner with […]
Stella-Jones Reports Third Quarter Results
Stella-Jones Inc.(“Stella-Jones” or the “Company”) announced financial results for its third quarter ended September 30, 2021. “Our third quarter results reflect the impact of the normalization of lumber market conditions and the increase in the cost of untreated railway ties which outpaced price adjustments. With the improvement in pricing and demand for residential lumber in […]