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 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 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 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 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 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 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
|
 |
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
|
Have something to say? Share your thoughts with us in the comments below.