CertainTeed®, a leading North American manufacturer of sustainable building materials, has announced that several of its residential roofing products have achieved GreenCircle Certification for Recycled Content for the second year in a row. This continued recognition further establishes CertainTeed’s industry leadership in sustainability. Recognized by the United States Green Building Council (USGBC), the GreenCircle Certification […]
110 New Jobs Coming to Southeast Michigan as Cabinet Manufacturer Cabinetworks Expands in Livonia
Company chooses Michigan over other states in part due to the strength of the state’s workforce Today, Governor Gretchen Whitmer and the Michigan Economic Development Corporation (MEDC) announced that leading cabinet manufacturer Cabinetworks Group is expanding in Livonia with support from the Michigan Strategic Fund. The project is expected to generate a total capital investment […]
NAHB: Multifamily Developer Confidence in Positive Territory for Second Quarter
Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the second quarter […]
L&W Supply Announces 6 Branch Manager Promotions
L&W Supply, a nationwide distributor of interior building materials and construction supplies, has announced that Brett Knight has been named branch manager of its North Fort Myers, Florida, location. Knight joined L&W Supply after the company acquired Coastal Building Materials in 2020. Throughout his career, he has worked in virtually every position at the North […]
Freddie Mac: The 30-Year Fixed-Rate Mortgage Reaches its Highest Level in Over Twenty Years
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.09 percent, reaching its highest level in over twenty years. “The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb,” said Sam Khater, Freddie Mac’s […]
Barchart: Where Is Lumber Headed After Prices Fall About 10% In The Past Month?
In a July 19 Barchart article, I highlighted that the price of physical lumber for September delivery at $562 per 1,000 board feet was trending higher. In that piece, I discussed how lumber reflects the trajectory of interest rate hikes, suggesting, “The central bank paused rate hikes in June 2023. Any further rate increases will likely […]
ABC Supply Co., Inc. Opens Location in Bonita Springs, Florida
ABC Supply Co., Inc., the largest wholesale distributor of roofing and other select exterior and interior building products in North America, has opened a new location at 8981 Quality Road in Bonita Springs, Florida. The location’s hours are 7 a.m. to 4 p.m. (ET) Monday through Friday. Michael Longo will manage the new branch. Longo initially joined […]
Emerson Accelerates Factory Automation Capabilities With Agreement to Acquire Afag
Acquisition expands Emerson’s factory automation served market by $9 billion and enhances exposure to key growth markets in discrete and hybrid Emerson (NYSE: EMR) today announced a definitive agreement to acquire Afag Holding AG (“Afag”), an innovative leader in electric linear motion, feeding and handling automation solutions. Headquartered in Zell, Switzerland, Afag brings state-of-the-art technology […]
Department of Labor Investigation into Worker’s Fatal Injury Finds Arkansas Timberland, Sawmill Operator Exposed Workers in Bearden to Safety Hazards
A federal workplace safety investigation determined that 39-year-old employee of a south Arkansas timberland and sawmill facility suffered fatal injuries from an automated lumber stacking machine at its Bearden location. Inspectors with the U.S. Department of Labor’s Occupational Safety and Health Administration found the employee of Anthony Timberlands Inc. was cleaning around and beneath the machine in […]
James Hardie Industries Announces Global Leadership Appointment
James Hardie Industries plc (ASX: JHX; NYSE: JHX), the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, today announced the appointment of Ms. Rachel Wilson as Chief Financial Officer, effective immediately. As a member of the global executive team, Ms. Wilson will report directly to Chief Executive Officer Aaron […]