U.S. 30-year FRM averaged 7.22% as of May 2, 2024, up from last week when it averaged 7.17%. A year ago at this time, the 30-year FRM averaged 6.39%.
Homebuilding
February indices show growth across major metro areas.
The Finnish Competition Authority has approved a business arrangement whereby Metsä Group will integrate the maintenance operations of its plywood and Kerto LVL mills in Finland into its own organisation as of 1 October 2024.
Eric Knox will focus on expanding the reach and enhancing the sales strategies within the Lumber and Building Materials (LBM) division.
Non-IFRS measure normalized EBITDA margin decreased to 20% for the year ended December 31, 2023 from 25% for the year ended December 31, 2022. This decrease was mainly due to decreased gross margins and increased operating costs.
30-year fixed-rate reaches 7.17%.
Operating EBITA amounted to SEK 91 million and the operating EBITA margin amounted to 5%.
Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as CFO on or about May 6, 2024.
The transaction is expected to close in the Q2 2024 and is subject to customary closing conditions.
With this latest location, Koopman Lumber has expanded its presence to 13 facilities, including two distribution centers focused on builders and contractors delivering across Massachusetts.
In May, Setra is planning a small opening event for its Umeå office.
The first quarter saw a 10% increase in home sale revenues over the previous year.
By working with TDUK the business seeks to help drive improvements and decarbonisation in its supply chain, develop colleague knowledge and skills, and provide access to market intelligence and support to develop longer-term supply chain planning.
Stark Group expands its network around the Finnish capital.
Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year, sales decreased in all regions.
Custer Do It Best Hardware & Lumber will become R.P. Lumber’s 83rd location.
A year ago at this time, the 30-year FRM averaged 6.39%.
Thomas Ahle will take up the position of Group CFO on 1 September 2024 at the latest. He will succeed Sisse Fjelsted Rasmussen.
March data reveals a slight dip in building permits and housing starts, yet year-over-year figures remain stable.
Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the Q1 2024.