Industry News
Stay informed and up-to-date with the latest business news in the lumber and building material industry. Our comprehensive coverage delivers market trends, industry insights, and key developments affecting professionals and businesses in this sector. From pricing fluctuations and supply chain dynamics to sustainability initiatives and technological advancements, we provide the most relevant information to help you navigate and succeed in this ever-evolving industry.
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Industry News
Existing home sales slide to a new 13-year low amid high mortgage rates
Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 4.1% to a seasonally adjusted annual rate of 3.79 million in October. On a year-over-year basis, sales were 14.6% lower than a year ago.
Industry News
4 questions with 40 Under 40: Lance Latkiewicz
Meet Lance Latkiewicz, Director of Operations for Mans Lumber in Michigan.
Industry News
Home prices projected to remain firm in 2024
Mortgage rates, which reached a more than two-decade high in the fourth quarter of 2023, will begin to come down in 2024, but they are not coming back down to pandemic levels.
Industry News
Aaron Sims joins Tando Composites as regional sales manager
With a history of creating market share for new product innovations, Sims has consistently propelled brand growth through new categories across the United States and Canada.Â
Industry News
McCoy’s Building Supply opens new location in Lubbock
The company previously had a store in Lubbock from 1971 - 1995 and company officials said they are excited to have returned to the area.
Industry News
Wolf Home Products announces strategic partnership with UFP-Edge
Wolf Home Products aims to add a full inventory of UFP-Edge products to its extensive portfolio by early January.
Industry News
Market slowing for custom home building
Over the last four quarters, custom housing starts totaled 179,000 homes, a 14% decline compared to the prior four quarters total.
Industry News
Home size trending lower
Median single-family square floor area came in at 2,221 square feet, close to the lowest reading since the end of 2010.
Industry News
84 Lumber announces expansion to California
These new sites, along with already established stores in Bakersfield, Clovis, and Beaumont – will bring 84 Lumber’s presence to eight total locations in the state.
Industry News
Matt Semonik appointed COO of Arnold Lumber Company
According to the company, Semonik has a proven track record of driving significant growth, cultivating, and leading high-performing teams within a multi-location environment.Â
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