Ware-Butler Building Supply and its parent company, Pleasant River Lumber, are about to finalize two more acquisitions, bringing their Maine-based retail locations up to fourteen. They completed the acquisition of Twin Rivers Building Supply in Dixfield on April 1st and are scheduled to complete the acquisition of Morrell’s Hardware in Greenville on April 29th. These […]
Building Gurus: Company Wide Marketing Mindset = Success and Growth
It’s a generally accepted fact that marketing can make or break a business. We’ve all marveled at the millions spent on Super Bowl ads or full page ads in major newspapers or trade journals. The simple fact is, when it is done right it yields huge rewards. But, marketing is also one of the first […]
Weyerhaeuser to Acquire Timberlands in North and South Carolina
Weyerhaeuser Company announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million. The acquisition is comprised of highly productive timberlands situated in strong coastal markets and strategically located to deliver immediate synergies with existing Weyerhaeuser timber and mill operations. […]
NAHB: Building Materials Prices Start 2022 with 8% Increase
According to the latest Producer Price Index (“PPI”) report released by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 1.4% in March, following an upwardly revised increase of 2.2% in February and 4.1% in January. This adds up to an 8% jump in building materials prices since […]
Sinclar Announces Temporary Manufacturing Reduction at Lumber Operations
Sinclar Group Forest Products Ltd. announced it will temporarily reduce manufacturing output at its sawmill operations in Vanderhoof, Fort St. James and Prince George. Beginning April 25, 2022, all three operations will move from a five-day to a four-day work week. Sinclar will continue to monitor the situation and adjust accordingly. “We’ve held off making […]
A New Look for Tum-A-Lum Lumber, Pendleton Grand Opening
Ninety-six years. That is how long the Tum-A-Lum Lumber Pendleton store had been serving the community from the same historic building and lumber yard. On February 7th, 2022, after much planning and with great anticipation, Tum-A-Lum Lumber opened the doors to its new and modern store, with unique design features focused on an inspirational shopping […]
Goodfellow Reports Its Results for the First Quarter 2022
Goodfellow Inc. (the “Company” or “Goodfellow”) announced today its financial results for the first quarter ended February 28, 2022. The Company reported net earnings of $5.1 million or $0.60 per share compared to net earnings of $3.8 million or $0.44 per share a year ago. Consolidated sales for the three months ended February 28, 2022 […]
NAHB: Remodeling Market Remains Stable Year-over-Year
The NAHB/Westlake Royal Remodeling Market Index (“RMI”) for the first quarter posted a reading of 86, which remained unchanged compared to the first quarter of 2021. The finding is a signal of residential remodelers’ confidence in their markets, for projects of all sizes. “Business remains strong for most remodelers at the beginning of 2022,” said […]
Freddie Mac: Mortgage Rates Hit Five Percent
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent. “This week, mortgage rates averaged five percent for the first time in over a decade,” said Sam Khater, Freddie Mac’s Chief Economist. “As Americans contend with historically high inflation, the combination of rising mortgage rates, […]
Tropical Forest Products Introduces New Black Label™ Curated Collection of Certified Sustainable Lumber
Tropical Forest Products proudly announces its new premium Black Label™ brand of curated, certified sustainable collection of tropical hardwoods graded to the highest quality. The brand’s lumber portfolio consists of a selection of the finest Ipe, Cumaru, Jatoba, Garapa, Angelim, Pedra, Kebony, ThermoWood and Tigerwood in the world. Exceeding industry standards, Black Label lumber is […]