Home Depot, Lowe's rival files Chapter 11 bankruptcy

[CentralMass]

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.”

[Lovie777]

1. The owner is a shithole supporter...............

[Boo1]

17. Its not Home Depot

Its written pretty badly.

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

[Bayard]

27. Oooo-kay

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

Thanks

[Jacson6]

32. No, They have billons in revenue and are losing money.

It is called mismanagement.

[ProfessorGAC]

16. Can't Be Sure

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.

[WarGamer]

18. thank you for contrasting reality with shitty reporting

[Bobstandard]

30. Talk about burying the lede

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]

3. This makes it a bit clearer.

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]

15. Much Better

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.

[ret5hd]

4. "Well, things are going exactly as we hoped!"

signed,
HD Lowes

[Cosmocat]

5. Heading is wrong - it wasn't Home Depot

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]

9. The actual article headline is "Home Depot, Lowe's rival NABS files Chapter 11 bankruptcy"

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

[AZJonnie]

6. The name of the actual company is omitted in this post, fyi, it's a company known as NABS

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).

[IA8IT]

8. Thank You. The Whole Truth

[FBaggins]

10. Calling them a Home Depot Rival is like calling a Single A club a "rival" of the Yankees

Home Depot and Lowes are each hundreds of times larger.

[GJGCA]

11. Let's eat Gramma...

..versus Let's eat, Gramma.

Please resist misguided anti-commanism ..

[UTUSN]

12. Do they have something safely squirreled away to bribe Deal Leader with?

[flvegan]

13. "Domestic lumber producers generally raise their prices to match import prices."

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

[Alice Kramden]

14. misleading headline

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

[Sympthsical]

19. What even is this article

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.

[Raven123]

21. Whoever wrote that headline should repeat Journalism 101

It’s eye catching, but misleading.

[3catwoman3]

24. "Whoever wrote that headline should repeat Journalism 101."

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

[ToxMarz]

22. I think the Home Depot, Lowes rival angle is a bit click baity

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]

23. Rival to giants Depot and Lowes? Not hardly.

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.

[IronLionZion]

25. North American Builder's Supply

Idiotic headline leaves that out.

[bucolic_frolic]

26. Wow!!! I thought something was up, they had stockouts in my local store which I think is closing soon

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

[usonian]

28. North American Builder's Supply files Chapter 11 bankruptcy

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

[BlueWaveNeverEnd]

29. Wow

[Renew Deal]

31. The post is misleading. Hope Depot didn't file for bankruptcy

It’s clickbait by The Street