LMC, a leading buying group serving independent dealers in the building materials industry, recently announced the promotion of Deirdre Garland to vice president of marketing. Garland, who has been with LMC since 2017, most recently led the company’s kitchen and …
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Jobs-to-Permits Ratio Emphasizes U.S. Housing Gap
Strong labor market growth continued to put pressure on the nation’s housing supply in 2024, as homebuilding activity did not fully keep pace with demand driven by job gains. Comparing net new jobs with prior-year permitting activity displays whether the …
Read More »Ace Hardware Announces Summer Dates for Ace Rewards Days
Ace Hardware recently announced upcoming Ace Rewards Days, taking place from June 23-26, featuring exclusive online offers and special discounts on summer products for Ace Rewards members. Ace runs Rewards Days throughout the year for its members. “Whether tackling a …
Read More »Housing Affordability Challenges Continue to Influence Home Improvement Spending
Affordability challenges and rising economic uncertainty continue to impact housing conditions, while slowed household growth and cost burdens for both renters and homeowners also contribute, according to the annual State of the Nation’s Housing report from the Harvard Joint Center …
Read More »Fed Maintains Rates and Updates Economic Projections at June FOMC Meeting
With a new Fed Chair and plans for evolving operating strategies, the Federal Reserve maintained its target policy rate at the conclusion of the June Federal Open Market Committee (FOMC) meeting. The FOMC maintained the short-term federal funds rate at …
Read More »Ogden & Adams Building Solutions Expands in Eastern Iowa
Ogden & Adams Building Solutions recently announced it is acquiring the assets of Maquoketa Lumber Company, based in Maquoketa, and Bellevue Lumber, based in Bellevue, Iowa. Following the acquisitions, Ogden & Adams will have five locations serving Eastern Iowa. “We …
Read More »Home Improvement Spending Sustains at Record Levels, HIRI Report Finds
The Home Improvement Research Institute (HIRI) recently released the U.S. Size of the Home Improvement Products Market report for Q2 2026, detailing the total market size of the home improvement products market in the U.S. and forecasted likely spending over …
Read More »Retail Sales for Building Supply Dealers Up in May
Advanced estimates of U.S. retail and food services sales for May 2026 were $763.7 billion, up 0.9% (±0.4%) from April and up 6.9% (±0.5%) year over year, according to the U.S. Census Bureau. Total sales for the March 2026 through …
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