WASHINGTON — Pending home sales improved 2.0% in February, according to the National Association of Realtors. The Northeast and West experienced month-over-month losses in transactions – with a larger decrease in the West – while the Midwest and South saw gains, which were greatest in the South. Year-over-year, contract signings dropped in all four U.S. regions, with the Midwest undergoing the greatest reduction.
Office furniture giants Steelcase and MillerKnoll in recent earnings releases said that they are anticipating tariff cost losses to be as much as $16 million in the upcoming quarter and plan to offset these costs with price increases.For Steelcase, first quarter estimates include an assumption of $9 million of higher tariff costs as compared to the prior year. The fiscal 2026 targets reflect pricing actions offsetting the impacts of higher tariffs and related inflationary cost increases,
The Canyon Creek Cabinet Company of Monroe, Washington, has hired Jill Peyton as sales director. She will assume responsibility for the company's the dealer sales channel.
BuildDirect.com Technologies Inc., a omnichannel building materials retailer, has acquired substantially all of the operational assets of Anchor Flooring and Supply Company LLC and Yorkshore Sales and Marketing Inc., well-established flooring distributors based in Orlando, Florida, for $593,000.
The national award, presented by the Manufacturing Institute, recognizes top female talent in manufacturing, science, technology, engineering, and production careers who exemplify leadership within their organizations.
The project, named Project CORA, tested the Institute for Advanced Architecture of Cataloni (IAAC) students to design, manufacture, and build a functional eco-friendly workshop in four months. The building now houses a 6-axis milling robot.