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CentralMass

(16,801 posts)
Fri Dec 5, 2025, 06:21 PM 11 hrs ago

Home Depot, Lowe's rival files Chapter 11 bankruptcy

https://www.thestreet.com/retail/home-depot-lowes-rival-files-chapter-11-bankruptcy
"While they have been a moving target, President Donald Trump's tariffs have raised the cost of building a new house.

"The new tariffs could increase builder costs anywhere from $7,500 to $10,000 per home," Rob Dietz, chief economist at the National Association of Home Builders told CNBC, citing estimates from U.S. homebuilders. Last year, the NAHB estimated that every $1,000 increase in the median price of a new home prices out roughly 106,000 potential buyers.


So far, the biggest impact has been felt in lumber prices, "which are expected to total about $4,900 per home on average, according to Leading Builders of America, the trade group representing most of the nation’s publicly traded homebuilders," the website shared.

While the United States does produce some lumber, about a third of all the wood purchased for homebuilding comes from Canada. Domestic lumber producers generally raise their prices to match import prices.

Rising lumber prices damage the entire home construction industry, and a lack of certainty adds complexity to the home-building process, Steve Martinez, president of Tradewinds General Contracting in Boise, Idaho, shared with the NAHB.

“Our contracts are all fixed price — meaning that from the time we bid a project to the time we start to the time we order the materials, prices could change drastically,” Martinez explained. “But we are trying to preorder as much material as we can.”
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Home Depot, Lowe's rival files Chapter 11 bankruptcy (Original Post) CentralMass 11 hrs ago OP
The owner is a shithole supporter............... Lovie777 11 hrs ago #1
This message was self-deleted by its author ificandream 11 hrs ago #2
Its not Home Depot Boo1 10 hrs ago #17
Oooo-kay Bayard 7 hrs ago #27
No, They have billons in revenue and are losing money. Jacson6 6 hrs ago #32
Can't Be Sure ProfessorGAC 10 hrs ago #16
thank you for contrasting reality with shitty reporting WarGamer 10 hrs ago #18
Talk about burying the lede Bobstandard 6 hrs ago #30
This makes it a bit clearer. Joinfortmill 11 hrs ago #3
Much Better ProfessorGAC 10 hrs ago #15
"Well, things are going exactly as we hoped!" ret5hd 11 hrs ago #4
Heading is wrong - it wasn't Home Depot Cosmocat 11 hrs ago #5
The actual article headline is "Home Depot, Lowe's rival NABS files Chapter 11 bankruptcy" AZJonnie 11 hrs ago #9
The name of the actual company is omitted in this post, fyi, it's a company known as NABS AZJonnie 11 hrs ago #6
Thank You. The Whole Truth IA8IT 11 hrs ago #8
This message was self-deleted by its author crazylikafox 11 hrs ago #7
Calling them a Home Depot Rival is like calling a Single A club a "rival" of the Yankees FBaggins 11 hrs ago #10
Let's eat Gramma... GJGCA 10 hrs ago #11
Do they have something safely squirreled away to bribe Deal Leader with? UTUSN 10 hrs ago #12
"Domestic lumber producers generally raise their prices to match import prices." flvegan 10 hrs ago #13
misleading headline Alice Kramden 10 hrs ago #14
What even is this article Sympthsical 9 hrs ago #19
This message was self-deleted by its author AverageOldGuy 9 hrs ago #20
Whoever wrote that headline should repeat Journalism 101 Raven123 9 hrs ago #21
"Whoever wrote that headline should repeat Journalism 101." 3catwoman3 9 hrs ago #24
I think the Home Depot, Lowes rival angle is a bit click baity ToxMarz 9 hrs ago #22
Rival to giants Depot and Lowes? Not hardly. paleotn 9 hrs ago #23
North American Builder's Supply IronLionZion 8 hrs ago #25
Wow!!! I thought something was up, they had stockouts in my local store which I think is closing soon bucolic_frolic 8 hrs ago #26
North American Builder's Supply files Chapter 11 bankruptcy usonian 7 hrs ago #28
Wow BlueWaveNeverEnd 7 hrs ago #29
The post is misleading. Hope Depot didn't file for bankruptcy Renew Deal 6 hrs ago #31

Response to Lovie777 (Reply #1)

Boo1

(100 posts)
17. Its not Home Depot
Fri Dec 5, 2025, 07:50 PM
10 hrs ago

Its written pretty badly.

Its American Home Supply. A rival of Home Depot and Lowes.

Bayard

(28,141 posts)
27. Oooo-kay
Fri Dec 5, 2025, 10:06 PM
7 hrs ago

I thought Home Depot was going belly up because nobody wants to deal with ICE in their parking lots.

Thanks

ProfessorGAC

(75,513 posts)
16. Can't Be Sure
Fri Dec 5, 2025, 07:46 PM
10 hrs ago

Thus is not Home Depot or Lowes.
It's a small company that is a "rival" of those 2.
And when I say small, I mean small! HD has 30,000 times the revenue of North American Building Supply.
They're so small I doubt who the CEO supports politically has ever made the news.

Bobstandard

(2,130 posts)
30. Talk about burying the lede
Fri Dec 5, 2025, 11:21 PM
6 hrs ago

Way down in the article we find out that the company declaring bankruptcy is a regional competitor to Home Depot and Lowe’s called North American builders Supply.

Joinfortmill

(19,725 posts)
3. This makes it a bit clearer.
Fri Dec 5, 2025, 06:36 PM
11 hrs ago
https://finance.yahoo.com/news/home-depot-lowes-rival-files-184700451.html

North American Builder's Supply, a Home Depot and Lowe's rival based in Illinois, has filed for Chapter 11 bankruptcy protection.

ProfessorGAC

(75,513 posts)
15. Much Better
Fri Dec 5, 2025, 07:43 PM
10 hrs ago

The headline made it look like Home Depot, a rival of Lowes, was filing.
BTW: this is a $5 million company.
It's a shame that this happened but this is a quite small company.
I think it's unsurprising that a small business would take the beating from these silly tariffs.

Cosmocat

(15,324 posts)
5. Heading is wrong - it wasn't Home Depot
Fri Dec 5, 2025, 06:37 PM
11 hrs ago

Was preparing to celebrate but was dubious so I actually read the article. Though the info of the impact of the tariffs on new homes is useful if you choose to engage w numbskulls on SM blaming housing increases on libs this or that.

AZJonnie

(2,489 posts)
9. The actual article headline is "Home Depot, Lowe's rival NABS files Chapter 11 bankruptcy"
Fri Dec 5, 2025, 06:41 PM
11 hrs ago

Not sure why the OP decided to edit/leave it out, or if it was changed in the interim on the website

AZJonnie

(2,489 posts)
6. The name of the actual company is omitted in this post, fyi, it's a company known as NABS
Fri Dec 5, 2025, 06:39 PM
11 hrs ago
North American Builder’s Supply, a Home Depot and Lowe’s rival based in Illinois, has filed for Chapter 11 bankruptcy protection.

The company has remained open and plans to reorganize and continue its operations, according to data shared by RK Consultants on X, the former Twitter.

“North American Builders Supply, Inc., a Yorkville, Illinois-based building materials supplier, filed for Chapter 11 protection on December 3, 2025, in the Northern District of Illinois. The company reported between $500,001 and $1 million in both estimated assets and liabilities,” according to the consulting firm.

The filing lists numerous trade creditors and lines of credit among its largest unsecured claims. Major unsecured creditors include Bluetape, Inc. ($503,219), Kapitus Servicing, Inc. ($149,596), and an unsecured portion of a claim from Central Bank Illinois ($94,131).

Response to CentralMass (Original post)

FBaggins

(28,607 posts)
10. Calling them a Home Depot Rival is like calling a Single A club a "rival" of the Yankees
Fri Dec 5, 2025, 06:44 PM
11 hrs ago

Home Depot and Lowes are each hundreds of times larger.

flvegan

(65,571 posts)
13. "Domestic lumber producers generally raise their prices to match import prices."
Fri Dec 5, 2025, 07:38 PM
10 hrs ago

In other words, Trump proves he is a fucking idiot with his tariffs.

Alice Kramden

(2,856 posts)
14. misleading headline
Fri Dec 5, 2025, 07:42 PM
10 hrs ago

HD and/or Lowes is NOT filing for bankruptcy - it was a misleading headline

Sympthsical

(10,800 posts)
19. What even is this article
Fri Dec 5, 2025, 08:10 PM
9 hrs ago

You have to go down to paragraph 7 just to find the name of the company the headline is referencing.

And to compound that, is a company with less than a million dollars in assets and liabilities and fewer than 50 employees really a "rival" to Home Depot and Lowe's? "Local company files bankruptcy in the face of Trump's tariffs" is a perfectly acceptable headline, guys!

I am all for conversations about the rising prices of materials and goods - absolutely.

But this "journalism" is not it.

I read that headline thinking, "Oh shit, is Ace Hardware going under or something?" Which I'm going to assume was the purpose.

Response to CentralMass (Original post)

Raven123

(7,370 posts)
21. Whoever wrote that headline should repeat Journalism 101
Fri Dec 5, 2025, 08:37 PM
9 hrs ago

It’s eye catching, but misleading.

3catwoman3

(28,356 posts)
24. "Whoever wrote that headline should repeat Journalism 101."
Fri Dec 5, 2025, 09:00 PM
9 hrs ago

So should a whole lot of other so-called journalists.

ToxMarz

(2,677 posts)
22. I think the Home Depot, Lowes rival angle is a bit click baity
Fri Dec 5, 2025, 08:41 PM
9 hrs ago

They only have one retail location some where in Illinois. So they are really only a rival for at most one Home Depot and one Lowe's store

paleotn

(21,304 posts)
23. Rival to giants Depot and Lowes? Not hardly.
Fri Dec 5, 2025, 08:56 PM
9 hrs ago

The retailer in question is North American Builder's Supply. A regional like LaValley up here in New England. Their financial troubles are a pity since the regionals usually service underserved areas. Beyond that, they're an ankle biter compared to Depot and Lowes.

If our local Ace doesn't have something, I usually shop LaValley since they're closer, competitively priced, and service is second to none. Like our local Ace, the guys there know what the hell they're talking about. Depot is 45 minutes away. Lowes is 2 hours in either direction. That doesn't bother me one bit.

bucolic_frolic

(53,542 posts)
26. Wow!!! I thought something was up, they had stockouts in my local store which I think is closing soon
Fri Dec 5, 2025, 09:48 PM
8 hrs ago

And they had zero copper fittings in the copper fittings department. You had to special order faucet grease.

usonian

(22,881 posts)
28. North American Builder's Supply files Chapter 11 bankruptcy
Fri Dec 5, 2025, 10:45 PM
7 hrs ago

I am so tired of cryptographic and treasure hunt style clickbait headlines and titles.

Renew Deal

(84,610 posts)
31. The post is misleading. Hope Depot didn't file for bankruptcy
Fri Dec 5, 2025, 11:28 PM
6 hrs ago

It’s clickbait by The Street

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