Home Building Reports Send Lumber Prices Skyward

By Bill Esler | Posted: 11/15/2012 11:00AM

 

84 Lumber, Hurricane Sandy84 Lumber is seeing a boom in business from reconstruction following Hurricane Sandy. It set up a website, where manager A Paul Devaney of the 84 Lumber store in Manahawkin, NJ provides a video tour of the devasation wrought by the hurricane. A slew of positive housing information is upping investor interest in lumber companies like Louisiana-Pacific and Weyerhaeuser.

Newly built family homes jumped by 5.7% in September, its fastest sales pace since April 2010.  The National Association of Home Builders coupled that figure with a report that housing markets in the U.S. displaying consistent improvementgrew by 22 so far this month, bringing the total to 125 metrolpolitan housing markets that are on the rise.

Lumber companies have been battling through subdued demand for some time. Those lumber companies still standing will benefit from the uptick as well as reduced competition, say trading analysts Shines Room.

Hardwood Plywood Antidumping Coalition

Hardwood Plywood Antidumping Complaint Has Merit: ITC
By Rich Christianson | Updated: 11/09/2012 3:10:00 PM
The antidumping probe against Chinese hardwood plywood makers will continue after the U.S. International Trade Commission voted  that "there is a reasonable indication that a U.S. industry is materially injured." Read more

Lumber Futures Chicago Mercantil Exchange CME Globex

Lumber Gets Pricey in Wake of Sandy and Housing Recovery
News analysis Bill Esler | Updated: 11/12/2012 6:40:00 PM
A housing recovery and a hurricane are driving up the price of lumber, at a normal seasonal drop. Lumber futures are on the rise, impacting projections for 2013. A chart makes the rising price pattern obvious. Read more

 

Does Wood Industry Win With Obama?
Analysis and opinion Bill Esler | Updated: 11/07/2012 12:07:00 AM
Construction markets are already in recovery, and post-Sandy reconstruction plans are starting. Obama's impact on wood manufacturing? We could win, with a rational industrial policy. Read more

Panel Processing Inc.

Panel Processing Acquires Modular Wood Systems
Posted by Karen Koenig | Updated: 11/12/2012 11:00:00 AM
One of the nation's largest flat panel fabrication firms has grown larger. Panel Processing Inc. announced Nov. 12 it has purchased the assets of Modular Wood Systems Inc. in Claudville, VA. Read more

 Mereen-Johnson Versamolder

Mereen-Johnson Purchased by Private Equity Firm
By Rich Christianson | Updated: 11/11/2012 4:32:00 PM
Mereen-Johnson LLC, a manufacturer of industrial woodworking equipment, has been acquired by North Central Equity, a private holding company also based in Minneapolis. Read more

Herman Miller Eames Lounge Chair

Herman Miller Sues Canadians for Eames Furniture Knockoffs
By Karen Koenig | Updated: 11/09/2012 9:56:00 AM
Herman Miller has filed suit against Toronto-based Nuevo Americana Inc. for trademark and copyright infringement and unfair competition of its Eames furniture. Read more

Cabinet Firm Cited for Wood Dust, Safety Hazards
Posted by Michaelle Bradford | Updated: 11/09/2012 10:23:00 AM
OSHA cited TX-based Carmen Creative Cabinets with 32 safety and health violations, including exposing employees to dangers that cold result from accumulated dust. Read more

Wood Industry Investment Frenzy?
By Bill Esler | Updated: 11/08/2012 11:00:00 AM
As cabinet factories hum, and furniture factories expand, Wall Street investors are revisiting the wood manufacturing industry as a place to make money. Read more

 Norcraft Cabinetry, Norcraft Companies

Norcraft Cabinets Loses $1.7M as Sales Jump 9.1% to $73.9M
By Bill Esler | Updated: 11/09/2012 3:57:00 PM
Norcraft Cabinets net sales rose 9.1%, to $73.9 million, but the cabinetry firm posted a loss of 1.7 million the 3rd quarter period posted net loss for for the same quarter of 2012. Read more

Re-View Windows, Brooks Gentleman

Architectural Felonies
By Brooks Gentleman | Updated: 11/08/2012 12:48:00 PM
One would think that the restoration of a building listed on the National Register of Historic Places would respect the integrity of the design and the existing materials. Instead, the request for proposals was asking for the original wood double hung windows that span 14 feet tall to be replaced. Read more

 

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About the Author

Bill Esler woodworkingnetwork.com

Bill Esler

Bill Esler, Associate Publisher/ Editor in Chief, Woodworking Network Bill is responsible for editing Custom Woodworking Business and coordinating content for Wood Products , CLOSETS , WoodworkingNetwork.com, and related newsletters. Bill’s expertise includes using innovative print manufacturing techniques to grow audience engagement, digital printing, purls, QR codes; and lead-generating webcasts, custom websites, and custom digital and print content. Read Bill Esler's woodworking blogs. He can be reached at besler@woodworkingnetwork.com or follow him on Google+.

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