Industry News

MI Foundation

MI Foundation and Penn State raise 33K for Children’s Pediatric Cancer Support

The MI Foundation donated $100 for every point that the Penn State football and men’s hockey teams scored at home this year.
Mid-Cape

Mid-Cape adds to ‘Fleet of Hope’

Joining the ranks are a truck wrapped for Big Brothers Big Sisters and one for Mental Health Awareness.
Modern Mill

Modern Mill wins Fast Company’s 2022 World Changing Ideas Award

Modern Mill's product ACRE is a new building material made from upcycled rice hulls in a zero-waste environment.
Lowe's Pros facility

Lowe’s opens pro fulfillment center in Charlotte

The 200,000 square-foot fulfillment center based in Charlotte, North Carolina began serving Pros this month.
mortgage rates

Mortgage rates dip slightly

30-year fixed-rate mortgage averaged 5.25%. A year ago at this time, the 30-year FRM averaged 3.00%.
single-family housing starts

Single-family housing starts decline

Rising mortgage rates and ongoing supply chain disruptions continue to take a toll on the housing market.
Key-Link Fencing & Railing

Wolf Home Products to distribute Key-Link Fencing & Railing

Wolf Home Products will be distributing Key-Link Fencing & Railing products to the Northeast corridor. 
TJ Neil ABC Supply

TJ Neil promoted to Rocky Mountain District manager at ABC Supply

The company’s Rocky Mountain District includes locations in Colorado, New Mexico, South Dakota, Texas, and Wyoming.  
L&W Supply

L&W Supply opens Plymouth, Minnesota location

Jarrod Spoonemore will manage the new location.
builder confidence

Builder confidence plunges on interest rate hikes, growing affordability woes

This is the fifth straight month that builder sentiment has declined and the lowest reading since June 2020.

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