Generated net earnings of $83 million, or $0.11 per diluted share Achieved Adjusted EBITDA of $328 million, a 12 percent increase compared with fourth quarter 2024 Increased quarterly base dividend by 5 percent Weyerhaeuser Company reported first quarter net earnings of $83 million, or 11 cents per diluted share, on net sales of $1.8 billion. […]
LP Building Solutions Named 2025 Sustainable Brand Leader and Product of the Year by Green Builder Media
Company recognized for leadership in sustainability and innovation in the building products industry LP Building Solutions (LP), a leading manufacturer of high-performance building products, has been named Green Builder Media’s 2025 Sustainable Brand Leader in the Siding category. Additionally, LP® SmartSide® Trim & Siding earned a 2025 Sustainable Product of the Year award. This marks the second consecutive year LP has received […]
NAR: Existing-Home Sales Receded 5.9% in March
Existing-home sales slipped 5.9% in March to a seasonally adjusted annual rate of 4.02 million. Sales slowed 2.4% from one year ago The median existing-home sales price climbed 2.7% from March 2024 to $403,700, an all-time high for the month of March and the 21st consecutive month of year-over-year price increases The inventory of unsold […]
Freddie Mac: Mortgage Rates Decrease
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. “The average mortgage rate decreased slightly this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last couple of months, the 30-year fixed-rate mortgage has fluctuated less than 20 basis points, and this stability continues to bode […]
Masco Corporation Reports First Quarter 2025 Results
Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, reported its first quarter 2025 results. Highlights 2025 First Quarter Results “During the first quarter, we delivered solid adjusted operating profit margin of 16.0 percent and adjusted earnings per share of $0.87, and we returned $196 million to shareholders through […]
Tractor Supply Breaks Ground on New Distribution Center in Nampa, Idaho
The Company’s 11th distribution center will bring more than 500 full-time jobs to the area and support more than 200 stores in the Pacific Northwest Tractor Supply Company, the largest rural lifestyle retailer in the United States, yesterday broke ground on its new distribution center in Nampa, Idaho. The 865,000 square foot facility will be the […]
Union Pacific Railroad Announces Ratified Agreement with National Conference of Firemen & Oilers
Union Pacific is pleased to announce members of the National Conference of Firemen and Oilers (NCFO) ratified a five-year agreement with Union Pacific Railroad. “I want to thank the NCFO’s leadership and members for all their hard work during negotiations and for approving this agreement,” said Union Pacific CEO Jim Vena. “We are a stronger railroad when we work together and focus […]
U.S. Census Bureau: Monthly New Residential Sales, March 2025
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for March 2025: New Home Sales Sales of new single-family houses in March 2025 were at a seasonally-adjusted annual rate of 724,000, according to estimates released jointly today by the U.S. Census Bureau and […]
BuildDirect Enters into Supply Agreement Valued at Up to US $2 Million with Leading North American Sports and Entertainment Group
BuildDirect.com Technologies Inc. (“BuildDirect” or the “Company”), a leading omnichannel building material retailer, announced that it has entered into a supply agreement with a North American-based customer in the sports, entertainment, and recreation sector. The agreement, valued at approximately up to US$2 million, involves the provision of high-performance flooring products for use across the customer’s active-use […]
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 12.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 18, 2025. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]