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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Ferguson Do it Best Hardware to Celebrate Grand Opening
Ferguson Do it Best Hardware in Coatesville, Indiana, will celebrate its grand opening on Labor Day weekend. The Ferguson Lumber Corporation has been in operation since 1868 and became a member of Do it Best in 1978. In 2023, the …
Read More »Cardwell Do it Best Home Center Named 2025 Member of the Year by Do it Best
Cardwell Do it Best Home Center has been honored as the 2025 Member of the Year in the 5,000-12,000 square foot store category by Do it Best. Located on Indy’s Southside at 3205 Madison Avenue and serving customers online, Cardwell …
Read More »Canadian Lumber Duties Surge to 35%
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 …
Read More »Lowe’s Holds AI-Focused 24-Hour Hackathon
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 …
Read More »Retail Spending Surges in July
Retail spending increased in July as consumers sought out summer sales to purchase goods before additional tariffs take effect, according to the National Retail Federation’s CNBC/NRF Retail Monitor. July sales in the building and garden supplies sector increased 1.32% seasonally …
Read More »Credit Card Swipe Fee Ruling Overturned
A U.S. judge from North Dakota has vacated the Federal Reserve’s credit card swipe fee regulation that capped the amount banks can charge merchants for processing transactions. The ruling says swipe fees set by the Federal Reserve set the cap …
Read More »HIRI Reports Dip in Market Growth Optimism, Rise in Tariff Concerns Among Contractors
The Home Improvement Research Institute (HIRI) released the Quarterly Contractor Business Tracker Q2 2025 report, evaluating how macroeconomic trends affect contractors’ operations and strategic decision-making. The report noted a dip in market growth optimism, with only 55% of respondents anticipating …
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