SRS Distribution Inc. recently announced its acquisition of Sider Lumber & Supply Co., Inc. Terms of the agreement were not disclosed. “We are thrilled to welcome the Sider Lumber team into the SRS family,” says Kent Gardner, president of SRS. …
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Home Improvement Market Poised for Continued Growth Despite Economic Challenges
The home improvement products market is predicted to grow in the next few years, despite continued financial strain and cautious consumer confidence. According to the Home Improvement Research Institute’s U.S. Size of the Home Improvement Products Market study, the home …
Read More »Consumer Confidence Rises in February
Consumer confidence increased by 2.2 points in February to 91.2, up from an upwardly revised 89.0 in January, according to The Conference Board’s Consumer Confidence Index. The Present Situation Index, based on consumers’ assessment of current business and labor market …
Read More »Trex Announces CEO Transition
Trex Company, Inc. recently announced chief executive officer Bryan H. Fairbanks will retire from Trex after nearly 23 years with the company, effective April 2026. The board of directors has appointed Adam D. Zambanini, Trex’s current executive vice president and …
Read More »84 Lumber Launches Campaign to Honor Nation’s 250th Anniversary
As the country prepares to celebrate the 250th anniversary of the signing of the Declaration of Independence this July, 84 Lumber is launching its Building America250 campaign, a companywide tribute honoring the past, present and future of the industry that …
Read More »Lowe’s Sales Reach $20.6 Billion in Q4 2025
Lowe’s recently released financial results for the fourth quarter of 2025 and an outlook for the full year 2026. Total sales for Q4 were $20.6 billion, up from $18.6 billion in Q4 2024. Comparable sales increased 1.3% in the fourth …
Read More »Ace Looks to Regain Its Convenience Crown Amidst Evolving Customer Expectations
While the venue for the Ace Hardware Spring 2026 Convention was new to Ace retailers, the message from the main stage at the General Session was familiar: Ace is the “hope of the hardware industry” and the company is taking …
Read More »Mortgage Rate Drop Increases Homeownership Eligibility
The average interest rate on a 30-year fixed-rate mortgage recently fell to around 6%, the lowest rate in close to three years, making homeownership possible for more people, according to the National Association of Home Builders (NAHB). NAHB Priced-Out Estimates …
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