Industry News
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NAR: Pending Home Sales Declined 5.2% in March
According to the National Association of REALTORS, pending home sales fell in March for the first time since November 2022. Three US areas saw monthly losses, while the South...
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30-year fixed-rate mortgage rate continues to rise
According to the results of Freddie Mac’s Primary Mortgage Market Study (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 6.43 percent. “The 30-year fixed-rate mortgage increased modestly for the second...
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NAHB: March New Home Sales Jump on Lower Rates
According to freshly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family houses jumped 9.6% in March...
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Allura Distribution is being Expanded by BlueLinx
The distribution partnership between BlueLinx and Allura has been expanded. Allura’s branded Spectrum Prefinished Siding, Trim, and Accessories, as well as Allura’s primed options in Panels, Trim, Soffit, Shake,...
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South Carolina’s Four Corners will Distribute Black Label Lumber
Tropical Forest Products has partnered with Four Corners Building Supply to become an official distributor of Tropical Forest Products’ Black Label brand of quality Ipe, Cumaru, Garapa, and other...
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Trimble Breaks Ground On 1.7-Megawatt Solar Array at its Headquarters in Westminster, Colorado
Trimble has announced the groundbreaking of a 1.7-megawatt solar array as a renewable energy source at its Westminster, Colorado headquarters. The new solar panels are expected to offset more...
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MoistureShield Partners with J.M. Thomas Forest Products to Expand Distribution in Utah, Colorado, and Idaho
MoistureShield, an Oldcastle APG hallmark brand, is teaming up with J.M. Thomas Forest Products to extend distribution of the manufacturer’s composite decking portfolio across all branch sites in Ogden,...
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ABC Supply Opens New Branch in Pearl, Mississippi
ABC Supply Co., Inc. has opened a new location in Pearl, Mississippi at 248 N. Pearson Road. The hours of operation are 7 a.m. to 4:30 p.m. (CT) Monday...
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NAHB: Single-Family Starts Improve in March
In March, single-family production showed signs of a steady upturn as mortgage rates stabilized and existing inventory was limited, helping to offset stubbornly high construction costs, building labor shortages,...
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Southern Pine Lumber Shipments in 2022 Reach 107-Year High
According to the Southern Forest Products Association, which tabulates shipment totals with the Southern Pine Inspection Bureau (SPIB) and Timber Products Inspection, 2022 Southern Pine lumber shipments increased over...
