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 Industry Roundup |
Lumber
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Softwood Lumber Board's 2022 Annual Report details its work to grow lumber markets; CEO says SLB generated more than 2 bbf of incremental demand in 2022--a record, and the 11th consecutive year of delivering year-over-year growth in demand and impact
Accesswire (04/20)
RBC highlights wood products news for the week (April 17): Two to three mills could permanently close over next six to 12 months, as companies analyze future production levels against lower sawlog availability; One Sky's Prince Albert OSB mill delayed
RBC Capital Markets LLC (04/20)
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MDF, Particleboard & Non-Structural Panels
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Swiss Krono is first wood-based panels manufacturer to use BASF's Kauramin BALANCE biomass-balanced amino resin to make new biocomposite products; BASF says wood-based panel industry customers can now calculate CO2 footprint of their products
BASF SE (04/20)
Sonae Arauco to launch Innovus Collection - Matching our nature at Interzum in Germany, May 9-12; with a focus on sustainability, new collection comprises more than 220 decorative solutions, over 40 new decor innovations, including natural woods
Sonae Arauco (04/19)
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Engineered Wood Products (EWP)
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Stora Enso showcases Sylva, its range of prefabricated wood-based elements for low-carbon construction, for first time at BAU 2023; held in Munich, April 17-22, BAU is world's leading trade fair for architecture, materials, systems
Stora Enso Oyj (04/18)
Stoltze Timber Systems in Columbia Falls, Montana, will use its US$1M federal grant to set up a wood processing plant to use small-diameter timber to make EWPs; funding comes from US$200M allocated to removing forest fuels for wood products or biochar
Daily Inter Lake, The (Kalispell, MT) (04/18)
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Siding
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Tropical Forest Products partners with Four Corners Building Supply to distribute its Black Label tropical hardwoods in South Carolina; applications range from decking, cladding and ceilings to architectural millwork
PR Newswire (04/20)
UK housing minister warns investors in Kingspan, Arconic, Saint-Gobain of 'severe consequences' if the companies do not come up with comprehensive package to fix unsafe buildings; cladding makers have been in government's crosshairs since Grenfell enquiry
ForeignAffairs.co.nz (04/20)
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Flooring
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Freudenberg Performance Materials launches sustainable carpet backings, Colback ECO and Lutradur ECO; backings offer reduced carbon footprint while supporting carpet recyclability, are made using company's proprietary yarns with 30% thinner filaments
Freudenberg Performance Materials Holding SE & Co (04/19)
New York's carpet EPR program start postponed to July 1, 2026 to give carpet producers more time to create collection programs; state's carpet recycling rate currently at 1%, but law calls for 30% rate within five years, 50% in 10 years, 75% in 15 years
Waste Dive (04/18)
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Decking / Fencing
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Oldcastle APG's MoistureShield brand partners with J.M. Thomas Forest Products to expand distribution of its composite decking portfolio in Utah, Colorado, Idaho
PR Newswire (04/19)
Fortress Building Products expands outdoor range with new steel framing and pergola components; Evolution steel deck framing and Evolution Steel Pergola parts make it easier for contractors, deck builders to design a custom outdoor living space
PR Web (04/18)
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Joinery, Doors & Millwork
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PGT Custom Windows + Doors launches WinGuard Preferred View Sliding Glass Door with slimmer interlock and enhanced security features
PGT Innovations Inc. (04/18)
Building products portfolio of Platinum Equity, which is buying Jeld-Wen's Australasia business, includes Cabinetworks, the largest independently owned manufacturer/distributor of kitchen and bath cabinets in the US, and hard surface flooring supplier PGS
PR Newswire (04/18)
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Steel / Iron
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Forecast positive but India's steel industry to face raw material supply challenge: FICCI and Deloitte report
United News of India (04/20)
Iberdrola to supply Salzgitter steel mill with green energy from Baltic Eagle to produce a virtually carbon-neutral steel
CE Noticias Financieras (Latin America) (04/20)
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Wood Construction
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NHERI TallWood 10-story mass timber building to be world’s tallest full-scale building ever tested on earthquake simulator; testing this spring on University of California San Diego outdoor shake table aims to prove resilience of tall timber buildings
Colorado School of Mines (04/19)
Holmen and Martinsons are supplying CLT structural components for Sweden's tallest wooden office building under construction in Umea; building will be 10 stories high and environmentally certified
M-Brain Nordic News (04/18)
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Building & Construction Use
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Zack: Nucor's Q1 earnings and revenues surpass estimates having benefited from higher demand for steel at its mills from non-residential construction, infrastructure and manufacturing investment
Zack's Commentary (04/20)
Spanish Aluminum Association launches public-private initiative, Casas Circulares alliance, that aims at lowering emissions, transforming building sector to a circular model; Confederation of Metallurgy, Metal and Electricity Industry Companies has joined
CE Noticias Financieras (Latin America) (04/20)
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Home / Residential Furniture
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Ikea to invest US$2.2B in the US market, adding 17 locations over the next three years; expansion includes eight new stores and nine 'Plan & Order' locations, which let customers plan the layout of their room with the help of Ikea consultants
Fortune (04/20)
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Building Products & Wood
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United Steelworkers issues statement to support Teck Resources management plan to split Teck Metals and Elk Valley Resources
United Steelworkers (USW) (04/20)
SRS Distribution wins CCO Employer Award for outstanding commitment to safety and employee excellence
SRS Distribution Inc. (04/20)
GAF releases 2022 Sustainability Report; it highlights milestones reached in producing recycled asphalt shingles, launch of research initiative to help tackle urban heat, strengthening of collaboration with roofing network to build resilient communities
GAF (04/20)
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Homebuilding
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Housing Starts
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CIBC: US housing starts in March slightly above expectations, down 1% month-over-month, but building permits miss, down 9%; builder confidence shows fourth sequential increase despite elevated interest rates, supported by limited resale inventory
CIBC World Markets Inc. (04/20)
US single-family home starts up 2.7% in March to 861,000 seasonally adjusted annual rate amid stable mortgage rates and limited inventory, multifamily starts down 5.9% to 559,000; supply chain issues, skilled labor shortage continue to challenge builders
Targeted News Service (Press Releases) (04/19)
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Residential Construction & Real Estate
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John Burns Consulting: Takeaways from homebuilder earnings calls include builders continuing to find market-clearing price to sell homes near completion, cost declines and supply chain relief are here for materials installed early in home construction
John Burns Real Estate Consulting LLC (04/20)
Zacks: D.R. Horton's fiscal Q2 earnings and revenues surpass estimates, with net sales orders up 73% from Q1; company anticipates favorable housing demand due to limited supply of new and existing homes at affordable price points
Zack's Commentary (04/20)
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Homebuilding
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Share of US adults that work from home at least two days a week reached 30%; while 45% of millennials, 35% of Gen Zers and 31% of Gen Xers can work from home at least twice a week, only 15% of boomers can
National Association of Home Builders (NAHB) (04/19)
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New Homes
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Privately‐owned US March housing starts at seasonally adjusted annual rate of 1,420,000, down 0.8% from revised February level, down 17.2% annually; building permits fell 24.8% annually to 1,413,000, completions up 12.9% to 1,542,000: Dept. of Commerce
U.S. Dept. of Commerce (04/18)
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Home Improvement/Furniture
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Home Improvement / Hardware Stores
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Lowe's installs rooftop solar panels at 174 locations; company is also partnering with DSD Renewables, Greenskies Clean Focus, Infiniti Energy to help reach goal of 50% renewable energy for its facilities by 2030 toward goal of net-zero emissions by 2050
Lowe's Cos. Inc. (04/19)
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Construction/Real Estate
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Construction & Engineering
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AIA Architecture Billings Index rose to 50.4 in March from 48.0 in February; inquiries into new projects grew at a slower pace, while the value of new design contracts declined
American Institute of Architects (AIA) (04/20)
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Mortgages / Home Financing
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US 30-year fixed-rate mortgage averaged 6.39% as of Apr. 20, up from 6.27% a week ago; 30-year FRM averaged 5.11% a year ago: Freddie Mac
Federal Home Loan Mortgage Corp. (Freddie Mac) (04/20)
US mortgage applications for new home purchases increased 0.6% year-over-year in March, up 10.0% from February; average loan size increased to US$407,015 from US$406,953 in February: Mortgage Bankers Assn.
Mortgage Bankers Association (04/19)
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Interest Rates
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Taiwan Semiconductor, AT&T, American Express: 3 things to watch
Investing.com (04/19)
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Stock
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Latest: Apr, 20 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
| Home Improvement/Furniture |
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Lowes Companies (LOW)
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209.76
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208.83
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0.45%
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0.49%
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| Watchlist |
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Bluelinx (BXC)
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74.25
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71.26
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4.20%
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3.98%
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Boise Cascade Co. (BCC)
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67.68
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67.18
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0.74%
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-16.15%
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Builders Firstsource (BLDR)
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94.73
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94.47
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0.28%
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45.76%
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Canfor Corp. (CFP.CA)
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22.01
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22.09
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-0.36%
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-14.29%
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Home Depot (HD)
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298.57
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296.91
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0.56%
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-5.26%
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Interfor (IFP.CA)
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23.31
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23.92
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-2.55%
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-37.91%
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JELD-WEN Holding Inc. (JELD)
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12.20
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12.32
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-0.97%
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-43.20%
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Lousiana Pacific (LPX)
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61.81
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60.12
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2.81%
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-7.05%
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Lumber Liquidators (LL)
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3.10
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3.30
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-6.06%
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-78.52%
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Masonite International Corporation (DOOR)
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91.18
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91.05
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0.14%
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13.72%
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Owens Corning (OC)
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101.97
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101.02
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0.94%
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15.70%
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Saint-Gobain SA (SGO) :EPA
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51.86
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51.69
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0.33%
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0.54%
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Trex (TREX)
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53.75
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54.52
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-1.41%
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-15.53%
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West Fraser Timber (WFG)
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76.25
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76.32
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-0.09%
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-14.12%
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West Fraser Timber (WFG.CA)
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102.38
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102.55
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-0.17%
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-7.98%
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Weyerhaeuser (WY)
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31.15
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31.47
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-1.02%
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-26.06%
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Wood & Building Products
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