Big Two DIY Retailers Still Need Some Improvement

The latest financial results from the two big national retailers – Home Depot and Lowe’s – show the business is still soft and may get worse before it gets better. When the two home improvement giants issued their numbers for their most recent quarters, they were nothing to write home about. But more importantly, they […]

NAHB Reports Remodeling Gaining on New Construction

The new home building market remains stagnant but a new study reports home renovation is driving a larger share of the building market. The number of remodeling companies has nearly doubled over the past 25 years, the National Association of Home Builders discovered when analyzing census bureau data, growing from fewer than 69,000 companies to […]

Home Values Plummet in October, the Most Since 2012

A new survey of housing values shows more than half dropped in October, the most since 2012. Zillow’s latest “Zestimates” rankings showed that 53 percent of homes they surveyed registered declines, the most since 2012 and up from just 16 percent a year ago. The most widespread value drops were in the West and the […]

Gibraltar Buys OmniMax in Big Roofing Supplier Deal

Another merger has hit the building trade with this $1.335 billion acquisition creating a new powerhouse in the residential roofing sector. Gibraltar paid just over $1.3 billion for OmniMax International, which had been owned by Strategic Value Partners and its affiliates. OmniMax operates 16 manufacturing facilities around the country and is projected to have adjusted […]

Harvard Gets Its First Mass Timber Building

Add one of the nation’s most prestigious universities to the list of mass timber proponents with the completion of the David Rubenstein Treehouse. The 55,000-square-foot facility, part of Harvard’s new Enterprise Research Center in Allston, MA, was designed by Studio Gang. The firm said it looked to the “architecture of trees” for the new structure, […]

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