Industry News
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JELD-WEN will close two manufacturing locations
JELD-WEN has announced plans to simplify its North American window business by eliminating production plants in Vista, California, and Hawkins, Wisconsin. The business stated that the news is another...
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Building Material Costs Up in March, But Lumber Prices Soften
Inputs to residential construction, including building materials, increased for the fifth straight month according to the latest Producer Price Index (PPI) report by U.S. Bureau of Labor Statistics. The...
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Inflation Remains High as Housing Cost Growth Continues
Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown...
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Stalled Confidence: Consumers Hold Steady Despite Concerns About Future
Consumer confidence remained stable in March, with optimism about current conditions offset by concerns about the future economic outlook. This pessimism was primarily driven by persistent inflation, particularly high...
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New Home Sales Remain Stable in February Despite Rising Mortgage Rates
New home sales activity held firm in February, defying a slight increase in mortgage rates. While sales dipped a marginal 0.3% compared to January, they remain 5.9% higher year-over-year....
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Shepherd Hardware to Acquire Parker & Bailey
Shepherd Hardware, a leading provider of hardware solutions for residential and commercial applications, is pleased to announce the signing of a definitive agreement to acquire Parker & Bailey, a...
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NAHB: Builder Sentiment Surges Above Breakeven Point
A scarcity of current inventory, which continues to drive consumers to new house construction, combined with solid demand and mortgage rates below last fall’s cycle peak, pushed builder morale...
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Strong Rebound in Single-Family Permits, Multifamily Permits Decline
The number of single-family home permits issued nationwide in January 2024 surged 43.1% year-over-year to 75,906. As of January, all four regions saw permit increases ranging from 67.0% in...
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Oregon’s Mid-Willamette Valley to Get Sustainable Construction Boost with New CLT Facility
Timberlab Inc., the leading national provider of holistic mass timber systems, has announced intentions to build and manage a cutting-edge cross-laminated timber (CLT) production facility in Oregon’s mid-Willamette region....
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NAR: Existing Home Sales Jump to Start 2024
Following a recent low in December, existing home sales rebounded to a 5-month high to begin the year, according to the National Association of Realtors (NAR). Low resale inventory...
