June unemployment rates were lower in eight (8) states, higher in two (2) states, and stable in 40 states and the District of Columbia, the…
second quarter
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Owens Corning Amends Agreement for Sale of Glass Reinforcements Business
Owens Corning (parent company of Masonite) has entered into an amended agreement to sell its glass reinforcements business to Praana Group, updating the terms of a…
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QXO to Buy Kodiak Building Partners
Last week, QXO Inc. announced a $2.25 billion deal through which it will acquire Kodiak Building Partners from Court Square Capital Partners. The transaction is…
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Home Prices Not Responding to Lower Interest Rates
Daniel McCue, senior research associate with the Harvard University Joint Center for Housing Studies, published a piece explaining that, despite 30-year mortgage interest rates dropping…
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Housing Starts Climb as Costs Keep Buyers on Sidelines
The National Association of Home Builders (NAHB) posted several updates last week reporting both good and bad news for the housing industry. While starts for…
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Window to Woes: Q1 Reports Reveal Declines for Major Suppliers
The first financial quarter of the year for most companies ended with March and as results trickle out, so far, they’re less than inspiring. Builders…
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As Remodeling Wanes Home Building Is Expected to Pick Up
Experts say the housing recession that dogged new home production from the second quarter of 2020 through the end of 2022 is over. But the…
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Masonite’s Q2 Net Sales Decline; Sees ‘Great’ Future Potential
Masonite International Corp. reports that net sales declined by 3% year-over-year in the second quarter of 2023 (2Q23). Masonite CFO and executive vice president Russell…
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Masonite to ‘Closely Monitor’ North American Residential Market After Q2 Results
Masonite International Corporation reports a 15% increase in year-over-year net sales, from $662 million to $762 million, for the second quarter of 2022. With net…
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JELD-WEN Reports Eighth Consecutive Quarter of Core Revenue Growth
JELD-WEN Holding announced its eighth consecutive quarter of core revenue growth, reporting an 11% increase paired with a net revenue increase of 6.8%, for the…