Deal adds two Oklahoma locations to 56-store network as employee-owned company expands ninth-state footprint.
Homebuilding
15-year mortgage averages 5.77% as rates climb from previous week but remain below year-ago levels.
Forecast growth is led by infrastructure spending, higher premises investment and a gradual housing-start rebound.
Wooden starts account for 59.6% of February starts, while both total and wooden starts rise from January.
15-year rate rises to 5.75% as both remain below year-ago levels despite weekly increases.
15-year rate averages 5.54% as purchase applications show improvement ahead of spring season.
Office building at Chesterfield County site will use engineered wood to reduce embedded carbon compared with steel and concrete
Gross margin expands to 22.1% despite muted housing activity as price increases offset lower volumes.
New Danville facility supports LP SmartSide siding distribution across four states.
Acquisition adds Euro 45.6 million revenue business to Chadwicks Group as timber frame use reaches 61% in Irish scheme developments.
Higher duty rates through 2025 drive a drop in softwood lumber imports, but sawmill output is unchanged as residential construction demand weakens.
Rates remain 0.54 percentage points below year-ago levels as purchase applications rise.
U.S. subsidiary takes non-cash charge as housing market activity declines; gross margin percentage rises to 11.5% on lower product costs.
Single-family permits run at a 873,000 annual rate in January, down 0.9% from a revised 881,000 in December.
First-time buyers take 34% share as inventory rises 2.4% from January.
The 15-year fixed rate averages 5.43% as both terms remain below year-ago levels.
The bill would automatically exempt many homebuilding inputs and set an application process for other exclusions.
Long Island distributor founded in 1948 continues operations as Joe Sider leads post-acquisition.
Recently acquired U.S. assets drive revenue growth but generate significant integration costs for the full year.
Overall housing starts dip 0.4%