U.S. 30-year FRM averaged 6.79% as of March 28, 2024, down from last week when it averaged 6.87%.
Homebuilding
Ian replaces Mike Ward of Wavin, who stepped down earlier this year.
This acquisition marks the eighth company location in British Columbia and the second in Surrey.
S&P CoreLogic Case-Shiller Home Price Indices shows that three out of the 20 major metro markets reported month-over-month price increases.
Sales of new U.S. single‐family houses decreased by 0.3% in February 2024; up 5.9% year-on-year.
This decline is part of a broader trend influenced by economic challenges, including a sluggish property sector and weak domestic demand.
U.S. mortgage rates increase, nearing 7%.
R.P. Lumber Co., Inc. has announced the acquisition of Golden Rule Lumber, a family-owned retailer of hardware, building and landscaping materials, and rental equipment located in Ottawa, Illinois.
Replacing an existing facility, the fully-automated plant can operate all year round and for the first time, enables the merchant to treat timbers in green and brown from its Chester site, the UK.
Schilliger Holz AG started the construction works for its new fibre insulation board factory in Küssnacht am Rigi, Switzerland. The Company expects the plant to go into operation in the summer of 2025.
The transaction and related expenses were funded through a combination of newly issued senior unsecured notes and existing capacity under the company’s ABL facility.
Single‐family housing starts in February were at a rate of 1,129,000; this is 11.6% above the revised January figure of 1,012,000.
Canadian home prices see sudden end to declines in advance of spring market.
This change is expected to lower the expenses for homeowners selling their properties by potentially reducing the standard commission rates, which have historically been among the highest globally.
U.S. 30-year FRM averaged 6.74% as of March 14, 2024, down from last week when it averaged 6.88%.
The hybrid wall weighs approximately 60% less than a traditional concrete sandwich element, resulting in transport costs being about 50% lower and reducing the climate impact from transportation by approximately 50%.
Cory Barnett has been named president of Sun Mountain Custom Doors, and Josh Ward has been promoted to president of American Builders Supply (ABS).
The project is estimated to be completed in 2025.
Builders FirstSource's Q4 2023 net sales were $4.2 billion, a 4.7% decrease, primarily driven by a decline in core organic net sales of 1.3% and commodity deation of 5.0%, partially offset by growth from acquisitions of 1.6%.
Stark Group plans further expansions, including new stores in Stavanger in April and Slemmestad, near Oslo, in May.