
Wooden starts drop 31% and account for 57% of May starts.
Wooden starts drop 31% and account for 57% of May starts.
Ms. Lovcik will continue to serve as CFO through August 5, 2025, at which time the CFO responsibilities at Trex will be assumed on an interim basis by Bryan Fairbanks. Mr. Fairbanks served as CFO from August 2015 until being named CEO and a member of the Board in April 2020.
U.S. mortgage rates fall for 4th straight week.
The U.S. National Home Price NSA Index recorded a 2.7% annual gain in April 2025, a slight decrease from the previous reading in March 2025.
Months’ supply rises 18.1% to 9.8 months and median price gains 3.7% to $426,600.
Delivered FY25 results significantly ahead of prior year with adjusted EBITDA up 125% year-on-year to Euro 10.8 million.
The 8,000-square-foot showroom is the largest Andersen showroom yet.
Sales pace of 4.03 million is lowest for May since 2009, unsold inventory climbs 6.2%.
Median sale price reaches $440,997 as active listings rise 16.2% to 1,960,258.
This strategic expansion will provide robust solutions to lumber yards serving both single- and multi-family builders and framers across the region.
Median asking price climbs to $422,238 as active listings expand 14.5%.
Matt Holt and Alexandre Ouellette earn manufacturing leadership promotions with the departure of Chief Operations Officer Tony Hamill.
Weyerhaeuser Company is investing an estimated $500 million in the facility, which is expected to create 200 high-quality jobs in the region once fully operational.
Mortgage rates creep lower.
Commercial housing sales increase to 71 million m2.
Building permits drop 2.0% while completions rise 5.4% from April levels.
Builder confidence in the market for newly built single-family homes was 32 in June, down 2 points from May.
The investment programme focuses on increasing manufacturing capacity, improving production efficiency, and embedding sustainable practices across operations.
Port of Portland announces partnership with Swiss mass timber company on new mass timber factory, boosting jobs and modular housing construction for the region.
U.S. mortgage rates remain essentially flat