Quanex Building Products Corporation (“Quanex” or the “Company”) today announced its results for the three months ended July 31, 2023. The Company reported the following selected financial results: (See Non-GAAP Terminology Definitions and Disclaimers section, Non-GAAP Financial Measure Disclosure table, Selected Segment Data table and reconciliation tables for additional information) George Wilson, President and Chief Executive Officer, […]
CoreLogic: No US States Post Annual Mortgage Delinquency Increases in June
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for June 2023. For the month of June, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.3 percentage point decrease compared […]
Freddie Mac: The 30-Year Fixed-Rate Mortgage Decreases
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.18 percent. “Mortgage rates leveled off this week but remain elevated. Despite continued high rates, low inventory is keeping house prices steady,” said Sam Khater, Freddie Mac’s Chief Economist. “Recent volatility makes it difficult to forecast where […]
Industrial Wood Technology Releases New Thermally Modified Lumber Product: APEX Fortified Lumber
Industrial Wood Technology (“IWT”) now offers APEX Fortified Lumber, its new thermally modified lumber product that is stronger, lighter and more stable than treated lumber and other lumber products, while still being resistant to rot and decay. APEX has all the benefits of pressure treated lumber with none of the chemicals. The thermal modification process […]
Installed Building Products Publishes 2023 Environmental, Social and Governance Report
Installed Building Products, Inc. (the “Company” or “IBP”), an industry-leading installer of insulation and complementary building products, announced today the release of the Company’s 2023 Environmental, Social and Governance (“ESG”) report, which highlights important milestones the Company achieved during the past year as well as the Company’s ongoing ESG policies and commitment to the environment, its […]
PGT Innovations Announces $11M+ Grant of Equity to More Than 5,000 Team Members
PGT Innovations, Inc., a national leader in the premium window, door, and garage door industry, recently announced a grant of equity to all eligible PGT Innovations team members based on each employee’s tenure. “PGT Innovations has experienced significant growth over the past four years, and we are committed to the strategy of expanding our family […]
Metsa Wood and SRV have Signed an Agreement to Build a Kerto LVL Mill in Aanekoski
Metsä Wood and construction company SRV have signed an agreement for the construction of Metsä Wood’s new Kerto® LVL mill in Äänekoski, Finland. SRV will be the main contractor for the project, which will be carried out as a cooperative project management contract. “Our choice of partner was influenced by SRV’s expertise in industrial project construction […]
Floor & Decor Announces Grand Opening of Apple Valley, Minnesota 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 third store in the Twin Cities area – Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of […]
Greif Partners with ColePak, LLC by Acquiring 51% Ownership Interest
Greif, Inc., a global leader in industrial packaging products and services, today announced it has acquired 51% of the ownership interest in ColePak, LLC in an all-cash transaction funded through Greif’s existing credit facility. ColePak is the second largest supplier of paper partitions in North America and has a compelling future growth path in that unique product niche. As […]
Governor Dunleavy Signs Bill to Establish Alaska Lumber Grading Program
Today Governor Mike Dunleavy signed SB 87 into law, establishing a lumber grading training program for sawmill operators in Alaska. The lumber grading program will help local sawmills get their product to market and reduce Alaska’s dependence on lumber shipped in from Canada and the Lower 48 for residential construction. “The timber industry is an […]