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Lumber Price Index for Week Ending June 14, 2024

The Madison’s Lumber Prices Index for the week ending June 14, 2024 is: US$413 mfbm. This is down – 1%, or -$5, from the previous week when it was US$418. For information regarding the construction of this Index (species mix, weighed averages) please go here: About Madison’s Lumber Reporter Established in 1952, Madison’s Lumber Prices […]

Millwood Announces Partnership With Pasadena Skid & Pallet

Millwood, Inc., a leading provider of pallet and packaging solutions in the U.S., has partnered with Pasadena Skid & Pallet in Pasadena, TX. The partnership allows Millwood to operate from their location as a Millwood, Inc. company, marking its 40th location nationwide and third in Texas. It will also allow Millwood and Pasadena Skid & […]

Steves & Sons, Inc. Announces New Generation of Leadership

On June 12, Steves & Sons, a family-owned company with an extensive history in the millwork industry, announced a significant leadership transition as part of its long-term succession planning strategy. Edward Galt Steves and Sam Bell Steves II, who have served respectively as chief executive officer and president/chief operating officer, will be stepping down from […]

Report: Southern Vermont Lumber Mill Closes Amid Industry Challenges

According to local news reports, Mill River Lumber, Ltd. (HQ: North Clarendon, VT), will be indefinitely closing their sawmill in North Clarendon, Vermont. WCAX reports that warm winters and wet summers have hampered logging operations. The mill’s owners and local industry experts note the ongoing decline in the lumber sector, likening it to the shrinking […]

Fortune Brands Acquires Stake in Value Hybrid for Connected Safety Solutions

Fortune Brands Innovations, Inc. (“Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced it has acquired a minority stake and entered into a strategic partnership with Value Hybrid Global, S.L. (“Value Hybrid”), a leading software and SaaS startup focused on the […]

ABC: Construction Materials Prices Decrease in May for the First Time Since December

Construction input prices decreased 0.9% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices decreased 0.8% for the month. Overall construction input prices are 2.1% higher than a year ago, while nonresidential construction […]

WestRock Stockholders Approve Combination with Smurfit Kappa

WestRock Company, a leading provider of sustainable fiber-based paper and packaging solutions, today announced that, based on the preliminary vote count, WestRock stockholders voted to approve the Transaction Agreement and other proposals related to the combination of Smurfit Kappa Group plc (“Smurfit Kappa”) and WestRock (the “Combination”) at WestRock’s Special Meeting of Stockholders held earlier […]

Freddie Mac: Mortgage Rates Continue to Move Down

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.95 percent. “Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth,” said Sam Khater, Freddie Mac’s Chief Economist. “Top-line inflation numbers were flat but […]

L&W Supply Announces the Opening of Its Lubbock, Texas, Location

Lance Gascho manages the newest location L&W Supply, a nationwide distributor of interior building materials and construction supplies, has opened a new location at 312 SE Loop 289, Lubbock, Texas. Lance Gascho manages the new location. With over 25 years of experience in the construction industry, Gascho joined L&W Supply in 2019 and has since […]