Sighting reduced demand for particleboard over the past several years, Vaughan-Bassett Furniture Company has announced it intends to cease operations at their Webb Particleboard plant in Galax Virginia.
Wood Markets News
Austrian binderholz Group Purchases Assets of Klausner Lumber One LLC, in Live Oak Florida
In a virtual auction held on Friday, August 21st, 2020, The Austrian binderholz Group, was able to purchase and secure all of the assets of Klausner Lumber One LLC., based in Live Oak, Suwannee County, Florida.
FEA Does Not Expect The August 24 World Trade Organization Ruling on US Softwood Lumber Imports From Canada To Have Much Effect On Current Duty Rates
On August 24, 2020 the World Trade Organization (WTO) ruled that the US Department of Commerce (USDOC) failed to show […]
World Trade Organization Essentially Backs Canada in Lumber Complaint Against U.S. Tariffs.
The World Trade Organization (WTO) released its latest report finding in favor of the Canadian softwood lumber industry.
U.S. Ag Secretary Pushes for Implementation of Administration’s Vision for Forestland Usage
The U.S. Secretary of Agriculture is urging all regional foresters to quickly implement the administrations vision for forestland usage.
Dodge Data Shows Decline in Nonresidential Projects as Housing Starts and Permits Soar
Unlike this week’s U.S. Census Bureau’s Housing Starts and Permits report for July, which indicated a strong rebound in residential building, the three private measures of recent and expected nonresidential construction activity were all in the negative.
Existing Home Sales Set New Record High in July
The National Association of Realtors® (NAR) is reporting that total existing-home sales on July, set a new monthly record increasing 24.7% above June, to a seasonally-adjusted annual rate of 5.86 million.
Multifamily Builders Confidence Edges Higher in Q2 but Vacancy Rate Increases
According to the National Association of Home Builders (NAHB) Multifamily Production Index (MPI) builders confidence in the market for new multifamily housing increased 10 points to a reading of 37 in the second quarter of 2020.
Townhouse Construction in Q2 Remains Weak
A closer look at the U.S. Census Bureau’s data of Starts and Completions by Purpose and Design, by the National Association of Home Builders (NAHB) reveals that townhouse construction declined during the second quarter of 2020.
Oregon’s Governor Brown Declares State of Emergency due to Imminent Threat of Wildfires in the State
On Wednesday (8/19) Oregon Gov. Kate Brown declared a state of emergency due to what she called the imminent threat of wildfires across the state. In a news release Brown said, much of the state is now in extreme fire danger, and red flag warnings have been issued for hot, dry, windy conditions and dry thunderstorms.