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 Greenwood, Indiana on June 7, 2021. The 68,000 square-foot Floor & Decor warehouse store and design center will open with a team of about 50 full-time and part-time associates led […]
Mortgage Applications Decrease in June 2nd MBA Weekly Survey
Mortgage applications decreased 4.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 28, 2021. This week’s year-over-year results are being compared to the week of Memorial Day 2020. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.0 […]
Phil Bonnell Named President of PABCO Building Products
It is my pleasure to announce that Phil Bonnell has been named President of PABCO Building Products effective July 1, 2021. Phil has earned this new role through his dedication to the organization along with the knowledge and experience he has attained over his career. I am confident Phil’s leadership will ensure the continual success […]
84 Lumber Reopens Dayton Location After Memorial Day Tornadoes in 2019
Over the last two years, the Dayton, Ohio 84 Lumber store endured damaging tornadoes in 2019, followed by the pandemic in 2020. Now, exactly two years later, the building materials supplier is officially reopening a new facility during the week of Memorial Day, 2021. The store, located at 6200 Poe Ave., has been serving the […]
ABC: Nonresidential Construction Spending Decreases 0.5% in April, Says ABC
National nonresidential construction spending declined 0.5% in April, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $786.2 billion for the month. Spending was down on a monthly basis in nine of 16 nonresidential subcategories. Both private and […]
Ashley Furniture Opens New Manufacturing Facility in Chippewa Falls
Ashley Furniture Industries (“Ashley”), the largest manufacturer of furniture in the world, announced plans to open a new facility in Chippewa Falls, Wis. The multi-million-dollar investment will create more than 200 new manufacturing and office support jobs for the area. Hiring started in May with production set to begin in June. The company will host […]
Lowe’s President and CEO Marvin R. Ellison Named Chairman of Board of Directors
Lowe’s Companies, Inc. announced its board of directors has elected Marvin R. Ellison, president, chief executive officer and current director of Lowe’s, to the additional role of chairman of the board, effective immediately. Ellison succeeds Richard W. Dreiling, who has shifted from the role of chairman to lead independent director. “Marvin has demonstrated exceptional leadership […]
Opposition to CN-KCS’ Proposed Use of Voting Trust Builds as Stakeholders Voice Anticompetitive and Other Concerns
Canadian Pacific Railway Limited (“CP”) announced that more than 130 stakeholders have filed statements with the Surface Transportation Board (“STB”) requesting the STB reject Canadian National’s (“CN”) proposed use of a voting trust. This brings the total letters submitted to more than 960, including 250-plus expressing concern about CN and Kansas City Southern’s (“KCS”) combination, […]
Clearwater Paper Announces Closure of Neenah, Wisconsin Facility
Clearwater Paper Corporation (“Clearwater Paper” or the “company”) announced the indefinite closure of its Neenah, Wisconsin facility, which includes three tissue machines and ten converting lines, removing a total paper production capacity of approximately 54,000 tons. Clearwater Paper intends to indefinitely close Neenah and exit the away from home business by the end of July 2021. “Despite […]
LL Flooring Announces Opening of New Store in Medford, New York
LL Flooring (the “Company”), formerly Lumber Liquidators, one of the nation’s largest specialty retailers of high-quality, hard-surface flooring that is dedicated to providing the best customer experience, announced the opening of its new Medford, New York, store, located at 700 E. Patchogue Yaphank Road, Suite 47. With 414 stores nationwide, this is the Company’s first […]