Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.33 percent. “Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last four weeks, mortgage rates have declined three quarters of a […]
Ethan Allen Convention Celebrates 90 Years of Innovation
Ethan Allen celebrated 90 years of innovation at its 2022 Virtual Convention held on December 7. The celebratory event included more than 4,000 associates watching and participating in presentations held at its headquarters and virtually throughout design centers, manufacturing plants, and distribution facilities around the globe, while physically present at their locations. Under the theme […]
Cornerstone Building Brands Honored With 2022 “Social Impact Award” by Vinyl Sustainability Council
Cornerstone Building Brands, the largest manufacturer of exterior building products in North America, is pleased to announce it has been awarded the 2022 “Social Impact Award” by the Vinyl Sustainability Council (“VSC”) for its Home for Good project. Presented to one VSC member each year, the award recognizes a member’s strong commitment to community through […]
Commercial Metals Company Selects Berkeley County, West Virginia as Site of its Fourth Micro Mill
Commercial Metals Company (“CMC”) today announced that it has selected Berkeley County, West Virginia, as the site of its fourth micro mill (MM4). The project, budgeted to cost approximately $450 million net of incentives, is expected to have an annual capacity of 500,000 tons and employ approximately 230 people on a full-time basis. MM4 will be capable of […]
BSW Timber Announces Acquisition of Scott Group
BSW Timber, the largest integrated timber and forestry business in the UK, and a member of binderholz, has acquired Scott Group, a leading supplier of timber pallets and bespoke timber packaging solutions. Based near Dunfermline in Scotland, with an annual turnover of £240m and 1,300 employees, Scott Group is an award-winning, sustainable manufacturer of new, […]
GMS Reports Second Quarter Fiscal 2023 Results
GMS Inc., a leading North American specialty building products distributor, today reported financial results for the fiscal second quarter ended October 31, 2022. Second Quarter Fiscal 2023 Highlights (Comparisons are to the second quarter of fiscal 2022) Net sales of $1.43 billion increased 24.4%; organic net sales increased 22.2%. 11.6% volume growth in Wallboard, including […]
Hooker Furnishings Achieves Sales, Income Gains in Third Quarter
Hooker Furnishings Corporation, a global leader in the design, production and marketing of home furnishings for nearly a century, today reported results for its fiscal-year 2023 third quarter ended October 30, 2022. Fiscal 2023 Third Quarter Highlights: Net sales for the quarter were $151.6 million, an increase of $18.2 million, or 13.6%, compared to the […]
FPAC: Canada’s Forest Sector Releases National Report on Biodiversity Conservation
IN THE FACE OF MORE CATASTROPHIC FIRES, CLIMATE SMART FORESTRY IS PART OF THE SOLUTION – NIGHBOR The Forest Products Association of Canada (FPAC) released a national conservation report on December 7 entitled: Conservation Forestry – Careful Use of Canada’s Forest Resources. The report identifies the link between Sustainable Forest Management (SFM) and the progress being made on […]
Greif Reports Fourth Quarter and Fiscal 2022 Results
Greif, Inc. (the “Company”), a world leader in industrial packaging products and services, today announced fourth quarter and fiscal 2022 results. Fourth Quarter Results Include (all results compared to the fourth quarter 2021 unless otherwise noted): Net income of $99.5 million or $1.67 per diluted Class A share compared to net income of $104.5 million or $1.74 per diluted Class A share. Net income, […]
Kohler Co. Names Samie Barr Chief Brand Officer
Kohler Co. is pleased to announce the appointment of Samie Barr as Chief Brand Officer. This role was created to fuel strategic acceleration and further elevate the KOHLER brand globally across a diverse set of dynamic businesses. Barr will report to David Kohler, Chair and Chief Executive Officer, serve on the Kohler Leadership team and […]