WASHINGTON — Single-family starts remained flat in April as interest rates moved above 7% last month and builders were dealing with tighter lending conditions.Overall housing starts increased 5.7% in April to a seasonally adjusted annual rate of 1.36 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
BETHLEHAM, Pa. – The Kitchen & Bath Market Index (KBMI), a quarterly study conducted by the National Kitchen & Bath Association (NKBA) and John Burns Research & Consulting, rose during the first quarter of 2024 – a positive indication that the industry has held steady and is entering a period of growth.
Owens Corning has completed its acquisition of Masonite International Corporation for $133 per share, with a transaction value of approximately $3.9 billion.
The Olympic Region Clean Air Agency (ORCAA) issued a Final Determination regarding the permit application for the proposed wood pellet manufacturing facility in Hoquiam, Washington.
The Department of Agriculture’s Forest Service is investing nearly $74 million to spark innovation, create new markets for wood products and renewable wood energy from sustainably sourced wood, and increase the capacity of wood processing facilities as part of President Biden’s Investing in America agenda.
BURNABY, British Columbia – Interfor recorded a first-quarter net loss of $72.9 million on sales of $813.2 million. The Q1 financial deficit comes on the heels of a net loss of $169.0 million the company recorded in Q4 2023.
Busch, a regular contributor for FDMC and Closets & Organized Storage, has been announced as the newest National Kitchen & Bath Global Connect advisor.