The Madison’s Lumber Prices Index for the week ending May 17, 2024 is: US$416 mfbm. This is up by +0.2%, or +$1, from the previous week when it was US$416. For information regarding the construction of this Index (species mix, weighed averages) please go here: https://madisonsreport.com/madisons-lumber-prices-index-a-powerful-tool-for-data-driven-decision-making/ About Madison’s Lumber Reporter Established in 1952, Madison’s Lumber […]
Statistics Canada: Investment in Building Construction, March 2024
Month over month, investment in building construction increased 4.5% to $20.4 billion in March. The residential sector was up 5.4% to $14.3 billion, while investment in the non-residential sector increased 2.3% to $6.1 billion. On a constant dollar basis (2017=100), investment in building construction increased 4.1% to $12.5 billion in March. Investment in single-family homes continues to rise Investment in residential building construction […]
Lugbill Supply Center in Acquisition Mode
Lugbill Supply Center has acquired Affiliated Lumber in Swanton as part of an aggressive growth strategy, expanding its operation to two locations in northwestern Ohio. This acquisition strengthens the commitment of both locally-owned businesses to providing high-quality lumber and building materials, home improvement products, and comprehensive services to their professional contractors and do-it-yourself customers. “I […]
Freddie Mac: Mortgage Rates Continue to Decrease
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.02 percent. “Mortgage rates decreased for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates. The decrease in rates, albeit […]
Hugues Simon to Succeed Mario Plourde as President and CEO of Cascades
Cascades Inc. announces the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde’s planned […]
GMS to Acquire Yvon Building Supply and Affiliates
Transaction to Expand GMS’s Service and Product Offerings in Ontario, Canada GMS Inc., a leading North American specialty building products distributor, announced that it has entered into an agreement to acquire Yvon Building Supply, Inc., Yvon Insulation Corporation, Yvon Insulation Windsor, Laminated Glass Technologies, Inc., and Right Fit Foam Insulation Ltd. (collectively “Yvon” or the […]
Tractor Supply’s Spring Paper Clover Campaign Raises Over $1.3 Million for 4-H Youth Nationwide
Funds raised during 19-day event will support access to hands-on training in health, science, agriculture and civic engagement for thousands of young people Tractor Supply Company, in partnership with National 4-H Council, announced its 2024 spring Paper Clover campaign raised over $1.3 million for 4-H youth nationwide, moving the fundraiser’s grand total significantly beyond the […]
Update on TCRC Collective Bargaining Negotiations
Canadian Pacific Kansas City (CPKC) published the following update on collective bargaining with the Teamsters Canada Rail Conference (TCRC): CPKC and the TCRC leadership will resume meeting on May 17, 2024 with the assistance of federal mediators in an effort to achieve new collective agreements for our Train and Engine (T&E) and Rail Traffic Controller (RCTC) […]
U.S. Census Bureau: Monthly New Residential Construction, April, 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2024: Building Permits Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,440,000. This is 3.0 percent below the revised March rate of 1,485,000 […]
Carter Lumber Announces the Opening of a New Full-Service Lumberyard in Louisville, Kentucky
Carter Lumber is pleased to announce the opening of our newest full-service lumberyard in the Louisville, Kentucky market. This expansion marks a significant enhancement of our capabilities and service offerings to professional builders in the region. In 2020, Carter Lumber began servicing professional builders and remodelers in Louisville through our downtown showroom location, focusing primarily […]