AGENCY Enforcement and Compliance, International Trade Administration, Department of Commerce. SUMMARY On November 20, 2023, the U.S. Court of International Trade (CIT) issued an order in Committee Overseeing Action for Lumber International Trade Investigations or Negotiations v. United States, et. al., Consol. Ct. No. 19–00122 (Slip Op. 23–163), reinstating the exclusion of Les Produits Forestiers […]
MasterBrand, Inc. to Locate Corporate Headquarters Near Cleveland
MasterBrand, Inc. (the “Company,” or “MasterBrand”), North America’s largest manufacturer of residential cabinets, has announced plans to locate its corporate headquarters in Beachwood, Ohio. “Beachwood was selected due to several factors, including its location in relation to our operations, the thriving business community, and access to talent,” said Dave Banyard, President & Chief Executive Officer, […]
Installed Building Products Announces Ratings Upgrade from Moody’s
Installed Building Products, Inc. (the “Company” or “IBP”), an industry-leading installer of insulation and complementary building products, announced that Moody’s Investors Service, Inc. (“Moody’s”) has upgraded IBP’s corporate family rating to Ba1 from Ba2, probability of default rating to Ba1-PD from Ba2-PD. Moody’s also upgraded the rating on the Company’s existing senior secured first lien term loan due […]
MJB Wood Group Solidifies Its Strategic Position in Mexico with New Tijuana Facility
MJB Wood Group, LLC, a leading manufacturer and distributor of industrial wood products, is proud to announce its latest strategic expansion in Mexico with the opening of a new facility in Tijuana. This expansion, made possible through a strategic long-term agreement with Bucher Industries, represents the company’s commitment to enhancing its supply chain and manufacturing […]
Murphy Plywood and Cascade Hardwood Announces the Emerald Line of Color-Matched Alder Lumber and Plywood
The program aims to standardize the colors and grades of these products, enabling increased use of high-quality alder by cabinet, millwork, and furniture manufacturers. Murphy Plywood, the leading supplier of Alder plywood in North America, and Cascade Hardwood, the leading multi-mill operator of Alder sawmills in the Pacific Northwest, announced a strategic alliance for the […]
Cabinetworks Group Opens New Headquarters in Livonia, Michigan
Cabinetworks Group, the country’s largest privately-owned cabinet manufacturer, hosted a ribbon-cutting event to mark the grand opening of the company’s new headquarters in Livonia, Michigan, on December 7. The event included remarks from Cabinetworks Group leadership as well as special guests including Michigan 22nd House District Representative Matt Koleszar and City of Livonia Mayor Maureen […]
Freddie Mac: Nearing Seven Percent, Mortgage Rates Continue to Decrease
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.03 percent. “The 30-year fixed-rate mortgage averaged near 7 percent this week, down from nearly 7.80 percent just six weeks ago,” said Sam Khater, Freddie Mac’s Chief Economist. “When rates began to rapidly drop, purchase applications […]
Trex Awarded Three Prestigious Accolades for Sustainability
Composite Decking Leader Honored by Lowe’s, Newsweek and Investor’s Business Daily Trex Company [NYSE:TREX], the world’s largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-maintenance outdoor living products, recently earned three high-profile accolades for its ongoing commitment to sustainability. Lowe’s honored Trex with its 2023 Sustainability Award, the company earned recognition as one of […]
Carlisle Companies Releases Vision 2030 Strategy and Financial Targets
Carlisle Companies Incorporated (NYSE:CSL), a leading supplier of innovative building products and solutions, today released a video and presentation featuring its Vision 2030 strategy and financial targets. Vision 2030 outlines the next phase of profitable growth and superior returns following the pivot of Carlisle’s portfolio of general industrial businesses to a pure play building products company […]
Hooker Furnishings Posts Double-Digit Income Gains in Third Quarter
Hooker Furnishings Corporation (NASDAQ-GS: HOFT), a global leader in the design, production, and marketing of home furnishings for nearly a century, today reported operating results for its fiscal 2024 third quarter and nine-month period ended October 29, 2023. Fiscal 2024 Third Quarter Overview: Management Commentary “Despite a challenging macroeconomic environment for the home furnishings industry, […]