International Forest Products (IFP) is pleased to announce the addition of Jarred Swope and Parker Woodley to its Solid Wood Products Division. Formerly with Coppice Commodities, Mr. Swope and Mr. Woodley will spearhead the Framing and Building Group, leveraging their many years of experience as a complement to IFP’s existing platform. Based out of Portland, […]
Lumber Price Index for Week Ending November 22, 2024
The Madison’s Lumber Prices Index for the week ending November 22, 2024 is: US$505 mfbm. This is up +2%, or +$10, from the previous week when it was US$495. This is up +9%, or +$41, from one month ago when it was US$464. For information regarding the construction of this Index (species mix, weighed averages) […]
Irving Tissue Celebrates Fifth Anniversary in Macon, Georgia and Announces a $600 Million (USD) Expansion Project
As Irving Tissue celebrated its fifth anniversary in Macon, Georgia, company President Robert K. Irving unveiled its latest expansion project. He was joined by Pat Wilson, Commissioner of the Georgia Department of Economic Development (GDEcD) and Robert E. Fountain, Jr Board Chair, Macon-Bibb County Industrial Authority (MBCIA). “I am very pleased to announce our Phase 3 […]
Furniture Connection Opens New Ashley Outlet Store in Hopkinsville, KY
Last month, Furniture Connection Inc. (Furniture Connection) proudly unveiled its newest Ashley Outlet showroom with a Grand Opening and Ribbon-Cutting Ceremony. The 20,000 sq. ft. facility, located at 4000 Fort Campbell Blvd. Hopkinsville, KY, 42240 marks a significant addition to the local community. Distinguished guests, including members from the Hopkinsville Chamber of Commerce, joined Furniture Connection employees in celebrating this […]
Master Halco Acquires The Deck Superstore to Expand Outdoor Living Solutions
Master Halco, Inc., a leading distributor of fencing, railing, and outdoor living products, is pleased to announce the acquisition of The Deck Superstore, Inc. (TDS), a premier dealer and retailer of outdoor living materials based in Colorado. This strategic acquisition aligns with Master Halco’s commitment to enhancing its product offerings and expanding its market presence […]
CoreLogic: Rent Growth Slows to Lowest Rate in Four Years
The Pandemic-led Rent Growth Boom is Beginning to Fizzle CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. The report highlights the slowing growth in key rental metros which all experienced population spikes during the pandemic. […]
Freddie Mac: Mortgage Rates Tick Up
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.84 percent. “Mortgage rates ticked back up this week, continuing to approach 7 percent,” said Sam Khater, Freddie Mac’s Chief Economist. “Heading into the holidays, purchase demand remains in the doldrums. While for-sale inventory is increasing modestly, the elevated […]
Contract Lumber Acquires Cedar Supply: A New Chapter in Texas
We are thrilled to announce that Contract Lumber is acquiring Cedar Supply, a family-owned company that has been a cornerstone of the cedar business in Texas for over fifty years. This acquisition is driven by our admiration for Cedar Supply’s culture, their dedicated team, and their strategically located facilities throughout the state. Expanding Our Footprint […]
Floor & Decor Announces Grand Opening of West Chester, Ohio Store
Leading high-growth retailer specializing in hard-surface flooring offers homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone and more celebrates its second warehouse location in the Cincinnati metropolitan area Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of […]
Statistics Canada: Investment in Building Construction, September 2024
Investment in building construction rose 2.1% to $21.6 billion in September, following a 0.2% increase in August. The residential sector increased 2.9% to $15.2 billion in September, while the non-residential sector edged up 0.3% to $6.4 billion. Year over year, investment in building construction grew 6.7% in September. On a constant dollar basis (2017=100), investment in building construction increased 1.6% from the previous month […]