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US LBM to Acquire American Construction Source

US LBM to acquire ACS

US LBM announced that it has reached an agreement to acquire American Construction Source (ACS), a leading national building materials distribution platform for custom home builders and repair and remodel contractors. ACS’s portfolio includes multiple locally branded building material distributors …

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Existing Home Sales, Housing Starts Fall

housing starts

New data shows the rate of existing home sales in the U.S. has fallen for the third consecutive month after reaching a record high in October. Additionally, April housing starts have also fallen since March. In total, existing home sales …

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Ace Hardware Posts Record Q1 Financial Results

ace hardware revenues

After confirming record-breaking fiscal year 2020 financial results, Ace Hardware is continuing to reach new heights by posting record first-quarter revenues in 2021. Total revenue for the company hit $2 billion, a 42 percent increase from the first quarter of …

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Light, Bright and Smart: Lawn, Garden and Outdoor Living Trends for 2021

outdoor trends

While the pandemic has caused major disruptions, it’s also led to a boom in the lawn and garden industry, as consumers turned to outdoor spaces as places of sanctuary and spent money meant for travel and other activities on their …

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Lowe’s Q1 2021 Sales Reach $24.4B

lowe's q1 2021

After announcing $89.6 billion in fiscal year 2020 sales, big-box home improvement chain Lowe’s is reporting first-quarter net sales of $24.4 billion, up 23.9 percent from the same period in 2020. Net earnings for the company stood at $2.3 billion, …

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Walmart Q1 2021 Revenue Reaches $138.3B

Walmart Q1

Big-box retailer Walmart posted its first-quarter sales, which saw the retail giant reporting $138.3 billion in total revenue, an increase of $3.7 billion, or 2.7 percent, from the same quarter last year. Walmart follows a nontraditional fiscal year, with the …

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Home Depot Q1 2021 Sales Hit $37.5B

Virtual spring career day

After reporting $130 billion in fiscal year 2020 sales, big-box home improvement chain Home Depot is reporting $37.5 billion in first-quarter 2021 sales. The first-quarter sales total is an increase of roughly $9.2 billion, or 32.7 percent from the same …

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April U.S. Home Improvement Sales Jump 33% From 2020

Home Improvement Sales

U.S. home improvement sales (NAICS 444) stood at $43.2 billion in April, down slightly from $43.4 billion in March, new data from the U.S. Census Bureau shows. However, sales for the sector are roughly 33 percent higher than one year …

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