Latest News
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Beacon Adding Extreme Metal Fabricators & Integrity Metals Acquisitions
Beacon has acquired Extreme Metal Fabricators, LLC, which has offices in Key Largo and Palm City, Florida, as well as Integrity Metals, LLC, which has locations in Gainesville and...
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ABC: Construction Backlog Up Slightly in June
According to an Associated Builders and Contractors (ABC) member survey performed between June 20 and July 3, the Construction Backlog Indicator climbed to 8.4 months in June. The reading...
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MBA: Increased Mortgage Activity in June
From May to June, the Market Composite Index, a measure of mortgage loan application volume derived from the Mortgage Bankers Association’s (MBA) weekly survey, rose by 8.2% on a...
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Existing Home Sales Drop Despite Record High Prices
Existing house sales decreased for the third consecutive month in May, owing to persistently high mortgage rates and record-high prices, according to the National Association of Realtors. Low resale...
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May Sees Housing Starts Retreat Amidst High Borrowing Costs
Single-family and multifamily housing starts declined in May, as high interest rates on construction and development loans, as well as rising mortgage rates, slowed housing supply and demand. According...
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High Mortgage Rates Cool Builder Confidence
Mortgage rates remain in the 7% level, and rising construction financing costs continue to dampen builder optimism. Builder confidence in the market for newly built single-family homes fell two...
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Private Residential Construction Spending Rising in April
After declining 0.4% in March, private residential building spending increased 0.1% in April, according to a post from National Association of Home Builders (NAHB). The seasonally corrected annual rate...
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Truckee-Tahoe Lumber Co. adds NVO Construction
Truckee-Tahoe Lumber Co. & Design Center’s president and CEO, Andrew Cross, announced the company’s expansion into structural building components with the acquisition of the assets of NVO Construction Components,...
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LeNoble Lumber Company expands with new distribution location
LeNoble Lumber Co., Inc., a leading distributor of high-quality lumber, plywood, and building materials, is pleased to announce the opening of its new distribution center in Edison, New Jersey,...
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R.P. Lumber to acquire Thorne Lumber
R.P. Lumber Co., Inc. is acquiring Thorne Lumber Company, an independently held hardware and building supplies company with three sites in northwestern Missouri. The terms of the transaction were...
