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Construction spending for the first month of 2021 was also up 1.7% from the previous month of December 2020.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in January.
The February PMI registered 60.8%, up 2.1% from the January reading of 58.7% and marking a ninth consecutive month of expansion.
Association also reports that the average annual sales growth for the 12 months through January 2021 for HARDI distributors is 4.8%.
Building materials distributor Huttig Building Products Inc. reported fourth-quarter sales of $184.6 million, a 2.3% increase over the prior-year period.
Bunzl closes on additions of Deliver Net, Disposable Discounter and Pinnacle.
Distributor acquires Flex Flow from GR Energy Services Holdings LP, a portfolio company of the private equity firm Pine Brook Partners.
The location will begin operating as F.W. Webb and, as part of the transaction, the company’s Creative Bath will open as a Frank Webb Home retail showroom.
Addition of Triple T allows Core & Main to better serve the West Texas region.
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, said fourth-quarter sales climbed 43.5%.