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Woodworking Industry News

NAHB: Higher interest rates keep single-family housing starts flat

WASHINGTON — Single-family starts remained flat in April as interest rates moved above 7% last month and builders were dealing with tighter lending conditions.Overall housing starts increased 5.7% in April to a seasonally adjusted annual rate of 1.36 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. 

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Ashley Furniture named inaugural HFA Manufacturer of the Year

Ashley Furniture Industries has been named the first HFA Manufacturer of the Year award from the Home Furnishings Association. In winning the award, the association said that "Ashley has achieved remarkable growth and sustained success through a strong company culture centered on employee development, customer service excellence, and innovative practices."