SRS Distribution Inc. recently announced its acquisition of Sider Lumber & Supply Co., Inc. Terms of the agreement were not disclosed. “We are thrilled to welcome the Sider Lumber team into the SRS family,” says Kent Gardner, president of SRS. …
Read More »Annie Dameworth
Home Improvement Market Poised for Continued Growth Despite Economic Challenges
The home improvement products market is predicted to grow in the next few years, despite continued financial strain and cautious consumer confidence. According to the Home Improvement Research Institute’s U.S. Size of the Home Improvement Products Market study, the home …
Read More »Consumer Confidence Rises in February
Consumer confidence increased by 2.2 points in February to 91.2, up from an upwardly revised 89.0 in January, according to The Conference Board’s Consumer Confidence Index. The Present Situation Index, based on consumers’ assessment of current business and labor market …
Read More »Festool Reveals New Cordless Tool Product Line
Festool recently announced a new product line of tools, including the Cordless DOMINO Joiner DFC 500 and DOMINO Joiner DF 500 R, Systainer³ SYS3 MFT and KSC 60 + Energy Cordless Combo Set, designed to support mobility and on-site workflows. …
Read More »Trex Announces CEO Transition
Trex Company, Inc. recently announced chief executive officer Bryan H. Fairbanks will retire from Trex after nearly 23 years with the company, effective April 2026. The board of directors has appointed Adam D. Zambanini, Trex’s current executive vice president and …
Read More »Lowe’s Sales Reach $20.6 Billion in Q4 2025
Lowe’s recently released financial results for the fourth quarter of 2025 and an outlook for the full year 2026. Total sales for Q4 were $20.6 billion, up from $18.6 billion in Q4 2024. Comparable sales increased 1.3% in the fourth …
Read More »Mortgage Rate Drop Increases Homeownership Eligibility
The average interest rate on a 30-year fixed-rate mortgage recently fell to around 6%, the lowest rate in close to three years, making homeownership possible for more people, according to the National Association of Home Builders (NAHB). NAHB Priced-Out Estimates …
Read More »Home Depot Net Sales Drop 3.8% in Q4 2025, Up Year Over Year
The Home Depot released its financial results for the fourth quarter of 2025 and the fiscal year of 2025, reporting net sales for the quarter at $38.2 billion, a 3.8% decrease year over year. Comparable sales for the fourth quarter …
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