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Inflation Sticks Despite Lower Housing Costs
Inflation rose to 2.7% in November, meeting predictions, but the last stretch to the Fed’s 2% objective becomes the most difficult. Shelter expenses continued to be the primary driver...
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Job Market in Construction is Slowing Down
According to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the number of open construction sector jobs continued to fall in July as home development...
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NAHB: Private Residential Construction Spending Declines in March
According to the NAHB’s analysis of Census data, private residential construction spending fell 0.7% in March after rising 0.7% in February. It had a seasonally adjusted annual rate of...
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LP Building Solutions Opens New LP SmartSide ExpertFinish Facility in Bath, New York
LP Building Solutions (LP), a leading manufacturer of high-performance building products, has opened a new state-of-the-art LP SmartSide ExpertFinish prefinishing facility in Bath, New York. Over the next several...
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Boise Cascade Extends its Distribution Center in Birmingham
Building Materials Distribution (BMD) division of Boise Cascade has completed the purchase of a five-acre site in Birmingham, Alabama. The land is next to the company’s existing rail-served location,...
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Mendocino Companies Complete Utah Wood Preserving Acquisition
On January 16, 2023, the Mendocino Companies completed the acquisition of Utah Wood Preserving (UWP) assets and sections of its affiliates. The acquisition expands on current activities in the...
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Only 100 Days After the Fire, a Virginia Hardware Store Reopens
Randy’s Do It Best Hardware celebrated the grand reopening of their new store in Mt. Jackson, Virginia, on Saturday, Nov. 26. An overnight fire on February 26 completely destroyed...
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Tractor Supply to Start Construction on New Arkansas Distribution hub
Tractor Supply Company has announced the groundbreaking of its new distribution center in Maumelle, Arkansas. The $128 million facility will be Tractor Supply’s eighth and largest distribution hub. When...
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Sherwood Lumber will Sell Americana Thermally Modified Wood
Sherwood Lumber has announced that it will be the exclusive distributor of Americana thermally modified wood beginning in late April. With Ipe shortages still prevalent, nickel gap siding growing...
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Oldcastle APG Acquires Hardscapes Manufacturer Calstone
Oldcastle APG, a CRH firm, announced today the acquisition of Calstone, a Northern California-based maker of pavers, concrete masonry, segmental retaining walls, and packaged products. Calstone has an established...
