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Tag Archives: Industry News

Walmart and Sam’s Club Launch Summer Savings Push

walmart q2

Walmart and Sam’s Club recently announced thousands of lower prices through Walmart’s signature Rollbacks and Sam’s Club offers across stores and clubs nationwide. The savings are designed to help customers and members make the most of the season while spending …

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U.S. LBM Names New Chief Financial Officer

U.S. LBM CFO

US LBM recently announced the appointment of Enrico Batelli as chief financial officer, effective July 2, 2026. A nine-year veteran of the company, Batelli currently serves as vice president, field operations finance and has also held chief accounting officer responsibilities, …

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Mead Lumber Announces Leadership Transition

Mead Lumber CEO transition

Mead Lumber Company recently announced that president and CEO Dave Anderson will retire at the close of the company’s fiscal year on November 30, 2026. Jon Cohen, a veteran building materials executive with more than 25 years of industry experience, …

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Mortgage Rates Climb as Inflation Persists

June mortgage rates

Mortgage rates continued to increase in June due to high inflation and a stronger-than-expected labor market, according to the NAHB’s Eye on Housing. The 30-year fixed-rate mortgage averaged 6.49% in June, up 8 basis points (bps) over May. Since the …

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U.S. Economy Adds 57,000 Jobs in June

state unemployment August

The U.S. economy added 57,000 jobs in June, the smallest gain since February’s decline, according to the U.S. Bureau of Labor Statistics. Downward revisions to April and May estimates subtracted 74,000 jobs from previously reported totals. The unemployment rate also …

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