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ABC Supply Expands in Mississippi

ABC supply acquisition

ABC Supply Co. Inc. announced it has acquired Exterior Home Products, LLC. in Columbus, Mississippi. This acquisition marks ABC Supply’s fourth location in Mississippi. “We’re thrilled to welcome Exterior Home Products to the ABC Supply family,” says Scott Toumbleston, Southeast …

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July Sees Decline in New Home Sales

mortgage rate drop

Potential homebuyers continue to be deterred by high mortgage rates, rising construction costs and economic uncertainty, according to an analysis by the National Association of Home Builders (NAHB). Newly built single-family home sales dropped 0.6% in July, falling to 652,000 annually, …

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Building Material Prices Continue to Climb in July

building material prices

Prices for residential building materials increased in July, reaching the largest year-over-year growth in over two years, according to an analysis from the National Association of Home Builders Eye on Housing report. Construction machinery and metal molding/trim prices rose significantly, …

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Canadian Lumber Duties Surge to 35%

USDA timber

The U.S. Department of Commerce recently announced it is more than doubling its countervailing duties on Canadian lumber imports from 6.74% to 14.63%. Two weeks ago, the Commerce Department announced it is significantly increasing its anti-dumping duties on Canadian lumber …

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Lowe’s Holds AI-Focused 24-Hour Hackathon

Lowe's AI day

Lowe’s recently held its third annual AI Day and a 24-Hour Hackathon, an event where over 600 Lowe’s associates from across the business signed up to learn about and solve problems with artificial intelligence. Tech teams tackled case studies sourced from …

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