Industry News
-
Freddie Mac: Higher Mortgage Rates Slow October Housing Production
According to Freddie Mac, housing starts decreased last month as the average monthly mortgage rate rose by a quarter point from 6.18% to 6.43% between September and October. The...
-
Townhouse Construction Gains Momentum
Year-over-year improvements in townhouse construction continued in the third quarter of 2024, as demand for medium-density housing remained strong despite a slowdown in other sectors of the building industry....
-
Capital Lumber and AZEK announce distribution partnership
A new strategic distribution partnership has been announced by The AZEK Company Inc. with Capital Lumber Company, a prominent distributor of construction products in the Western United States. This...
-
Weyerhaeuser to build new Arkansas TimberStrand facility
Weyerhaeuser Company is planning to invest approximately $500 million in the construction of a new, state-of-the-art TimberStrand facility near Monticello and Warren, AR. This expansion will increase the company’s...
-
Housing Costs Continue to Fuel Inflation
Inflation increased again in October, indicating that the last push to the 2% objective will be the most difficult. Shelter expenses continued to be the primary driver of inflation,...
-
PrimeSource Building Products Expands Wolf Home Products to Southeast US
PrimeSource Building Products, Inc., a leader in building materials distribution, is pleased to announce the expansion of its Wolf Home Products brand into the southeastern United States. This smart...
-
MoistureShield partners with BMD to expand in California, Oregon, and Nevada
Oldcastle APG’s hallmark brand, MoistureShield, has announced a new distribution collaboration with Building Materials Distributors, Inc. This will bring the manufacturer’s composite decking portfolio to the entire state of...
-
ABC’s October Construction Backlog Indicator Falls, Contractor Confidence Rises
According to a poll of its member contractors performed from October 21 to November 4, Associated Builders and Contractors reported a Construction Backlog Indicator of 8.4 months in October....
-
Second-Quarter Sawmill Production Rises
The production index for sawmills and wood preservation businesses increased by 0.2% in the second quarter of 2024. According to G.17 data, this was the first increase in real...
-
White Cap Adds TOOFast Supply
White Cap, the leading distributor of specialty construction supplies and safety products for professional contractors, has acquired TOOFast Supply, a supplier of professional grade tools and fasteners with four...
