Industry News

Lowe’s released its first quarter of 2026 financial results, reporting $1.6 billion in net earnings, a 0.79% decrease year over year. Comparable store sales for the quarter increased 0.6%, which the company says was driven by strong spring sales and …

Builders FirstSource recently announced that as part of a planned leadership transition, Mike Hiller has been appointed chief operating officer—designate, succeeding Steve Herron, who will retire at the end of 2026. “This succession plan reflects both the bench depth of …

The Home Depot reported its financial results for the first quarter of fiscal 2026, posting net sales for the quarter of $41.8 billion, a 4.8% increase year over year. Comparable store sales for fiscal Q1 2026 increased 0.6%, and comparable …

Lowe’s announced the launch of an exclusive series of MyLowe’s Rewards Kids Club workshops and buildable toy kits in collaboration with MrBeast, digital creator and member of the Lowe’s Creator Network. Beginning May 30, the workshop series is inspired by …

Builder confidence saw modest gains in May despite rising mortgage rates and economic uncertainty, while builders continue to deal with elevated land, labor and construction costs. According to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market …

Ace Hardware recently announced they will continue their annual Memorial Day tradition in partnership with the Veterans of Foreign Wars (VFW) to distribute one million American flags at participating Ace stores on Saturday, May 23. “Memorial Day is a time …

Patti Parker, store manager of the Lenox store location of Carr Hardware, was recently named a Top Woman in Hardware by Hardware & Building Supply Dealer’s Top Women Profile Series, recognizing women making a meaningful impact and demonstrating achievement, growth …

The Home Improvement Research Institute (HIRI) recently released its Canadian Size of the Home Improvement Products Market Forecast for April 2026, detailing estimates and forecasts of the market for home improvement products in Canada. HIRI outlook for April affirms March’s …