Industry News

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 …

Ace Hardware and Instacart recently announced a new partnership, allowing quick delivery of Ace’s assortment of home preservation tools, grilling and barbecue products and lawn and garden supplies. “We’re focused on making sure that every partnership we bring to Instacart …

Home Hardware Stores Limited was recently recognized as one of Canada’s Best Managed Companies for the 14th consecutive year, maintaining its Platinum Club status. The Best Managed Companies program, presented by Deloitte, evaluates organizations on strategy, innovation, leadership, financial performance …

Canadian Tire Corporation (CRT) released its financial results for the first quarter of 2026, reporting consolidated revenue growth of 3.3%. Comparable sales in the first quarter were down 1%, with growth in SportChek and Mark’s offset by a decline in …

Prices rose across goods and services used in residential construction in April due to rising energy and transportation service prices, according to NAHB’s Eye on Housing. Building material prices, excluding energy, rose at their highest yearly rate in three years, …