Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 2.8 percent […]
Madison’s Reporter: Lumber Prices Rise on Ongoing Supply Constraints
In the week ending November 24, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$414 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up by +$10, or +2%, from the previous week when it was US$404 mfbm. That week’s price is up by +$20, or +5%, from […]
US LBM Acquires Arizona Truss Manufacturer Holderness Supplies
National building materials distributor expands manufacturing reach in southwestern US US LBM, a leading distributor of specialty building materials in the United States, has acquired Holderness Supplies, a top manufacturer of structural building components and distributor of engineered wood products in Arizona. Located in Tucson, Holderness Supplies operates an 11-acre facility where it manufactures floor […]
HDI Global Insurance Company Acquires Indiana Lumbermens Insurance Company
HDI Global Insurance Company (HDI) has strengthened its position in the U.S. market with the acquisition of Indiana Lumbermens Insurance Company (ILIC), a subsidiary of Pennsylvania Lumbermens Mutual Insurance Company (PLM). HDI has purchased one hundred percent (100%) of the shares of ILIC from PLM. The trans-action closed on November 30, 2023. The parties have not […]
MITY, Inc. Announces a New COO & CFO
Ben Harris has been appointed Chief Operating Officer (“COO”) of MITY Inc, a USA-based manufacturer of durable furniture and equipment for event centers, hotels, restaurants, senior living, and other B2B markets. Prior to his appointment, Harris was the CFO. Concurrently, MITY Inc announced that Brian Keding has been promoted from VP of Finance to Chief […]
NAHB: Amidst Housing Slowdown, Exurban Areas Post Largest Construction Gains
For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter […]
ABC: Construction Job Openings Decrease by 4,000 in October, up 25,000 From October 2022
The construction industry had 423,000 job openings on the last day of October, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings […]
Builders FirstSource Hosts 2023 Investor Day
Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) will host its 2023 Investor Day today in Atlanta, beginning at 8:30 a.m. EST. The formal presentations are expected to conclude at approximately 11:30 a.m. EST. Members of the executive management team will present a detailed overview of the Company’s long-term strategic vision and financial […]
CoreLogic: US Home Price Growth Continues Slow but Steady Increase in October
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2023. U.S. single-family home price growth continued to increase modestly in October, posting a 4.7% year-over-year increase. On a regional level, the Northeast again showed the biggest price rebound. The top five states with the […]
DSI Announces New Comprehensive Website
Digger Specialties Inc. (DSI), a leading manufacturer of outdoor living building products is excited to announce and introduce an all new website. The site features a fresh, appealing innovative design with intuitive navigation, new features and functionality. As a result, customers can seamlessly view DSI’s extensive group of products and services on a site that […]