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MasterBrand Completes Purchase of Supreme Cabinetry Brands

MasterBrand Cabinets, Beachwood, OH, finalized its acquisition of Supreme Cabinetry Brands, Inc. from GHK Capital Partners LP. The purchase includes Supreme’s residential cabinet manufacturing facilities in Minnesota, Iowa, and North Carolina, along with its Dua Supreme and Bertch brands. Masterbrand is a North American producer of cabinets for kitchens, bathrooms, and other residential areas. See

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Surteco Aligns Brands Following Omnova Acquisition

Surteco North America, Myrtle Beach, SC, announced Omnova Films and Laminates will rebrand as Surteco effective August 1. This change follows the purchase of Omnova Solutions in 2023. Surteco is a decor print, foil, adhesives, and edgebanding manufacturer. See Surteco

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U.S. Housing Starts Weaken in June

U.S. housing starts in June were at a seasonally adjusted annual rate of 1.35 million, increasing 3.0% from May but 4.4% lower than the comparable month last year. Single-family starts fell 2.2% to 980,000 in June. U.S. building permits were at a seasonally adjusted annual rate of 1.45 million, up 3.4% from May but down

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July Builder Confidence Weakens

U.S. builder confidence for new single-family homes in July was 42, declining one point from June and marking the lowest point since December 2023, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). NAHB reported that high mortgage rates continue to impact prospective buyers. The HMI component that tracks current

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Houzz Q3 Renovation Barometer Published

The Q3 2024 Houzz Renovation Barometer report for both the construction and architectural and design sectors signaled growth. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector, the Expected Business Activity Indicator for the third quarter fell six points from Q2

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Remodeling Spending Predicted to Recover Through Q2 2025

The Leading Indicator of Remodeling Activity (LIRA) predicts that declines in remodeling and repair spending will slow by the end of Q2 2025, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Remodeling and repair spending in the second quarter fell 3.0% over the same period in 2023.

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June Canadian Housing Starts Dip

The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in June was 241,672 units, 8.8% lower than May. The SAAR of urban starts in June was down 9.4% from the previous month at 223,234. Multiple urban starts fell 11.7% to 180,205, and single-family levels rose 1.8% from May to 43,029. The six-month

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Canadian Building Permits Soften in May

Canadian building permits in May were down 12.2% from April to $11.7 billion (CAD) but rose 2.6% from the comparable period in 2023. Residential authorizations decreased 16.3% from April and 0.5% from May 2023 to $7.1 billion. Single-family totals were $2.5 billion, dipping 2.7% from April and 2.8% from May 2023. Multi-family levels reached $4.6 billion in

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MasterBrand Completes Purchase of Supreme Cabinetry Brands

MasterBrand Cabinets, Beachwood, OH, finalized its acquisition of Supreme Cabinetry Brands, Inc. from GHK Capital Partners LP. The purchase includes Supreme’s residential cabinet manufacturing facilities in Minnesota, Iowa, and North Carolina, along with its Dua Supreme and Bertch brands. Masterbrand is a North American producer of cabinets for kitchens, bathrooms, and other residential areas. See

Read More »

Surteco Aligns Brands Following Omnova Acquisition

Surteco North America, Myrtle Beach, SC, announced Omnova Films and Laminates will rebrand as Surteco effective August 1. This change follows the purchase of Omnova Solutions in 2023. Surteco is a decor print, foil, adhesives, and edgebanding manufacturer. See Surteco

Read More »

U.S. Housing Starts Weaken in June

U.S. housing starts in June were at a seasonally adjusted annual rate of 1.35 million, increasing 3.0% from May but 4.4% lower than the comparable month last year. Single-family starts fell 2.2% to 980,000 in June. U.S. building permits were at a seasonally adjusted annual rate of 1.45 million, up 3.4% from May but down

Read More »

July Builder Confidence Weakens

U.S. builder confidence for new single-family homes in July was 42, declining one point from June and marking the lowest point since December 2023, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). NAHB reported that high mortgage rates continue to impact prospective buyers. The HMI component that tracks current

Read More »

Houzz Q3 Renovation Barometer Published

The Q3 2024 Houzz Renovation Barometer report for both the construction and architectural and design sectors signaled growth. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector, the Expected Business Activity Indicator for the third quarter fell six points from Q2

Read More »

Remodeling Spending Predicted to Recover Through Q2 2025

The Leading Indicator of Remodeling Activity (LIRA) predicts that declines in remodeling and repair spending will slow by the end of Q2 2025, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Remodeling and repair spending in the second quarter fell 3.0% over the same period in 2023.

Read More »

June Canadian Housing Starts Dip

The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in June was 241,672 units, 8.8% lower than May. The SAAR of urban starts in June was down 9.4% from the previous month at 223,234. Multiple urban starts fell 11.7% to 180,205, and single-family levels rose 1.8% from May to 43,029. The six-month

Read More »

Canadian Building Permits Soften in May

Canadian building permits in May were down 12.2% from April to $11.7 billion (CAD) but rose 2.6% from the comparable period in 2023. Residential authorizations decreased 16.3% from April and 0.5% from May 2023 to $7.1 billion. Single-family totals were $2.5 billion, dipping 2.7% from April and 2.8% from May 2023. Multi-family levels reached $4.6 billion in

Read More »
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