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Woodworking Industry News

NAR: Pending home sales advanced 2.0% in February

WASHINGTON — Pending home sales improved 2.0% in February, according to the National Association of Realtors. The Northeast and West experienced month-over-month losses in transactions – with a larger decrease in the West – while the Midwest and South saw gains, which were greatest in the South. Year-over-year, contract signings dropped in all four U.S. regions, with the Midwest undergoing the greatest reduction.

Woodworking Industry News

MillerKnoll, Steelcase release tariff warnings

Office furniture giants Steelcase and MillerKnoll in recent earnings releases said that they are anticipating tariff cost losses to be as much as $16 million in the upcoming quarter and plan to offset these costs with price increases.For Steelcase, first quarter estimates include an assumption of $9 million of higher tariff costs as compared to the prior year. The fiscal 2026 targets reflect pricing actions offsetting the impacts of higher tariffs and related inflationary cost increases,

Woodworking Industry News

Store fixture maker, Triad Manufacturing, expanding St. Louis operations

Triad Manufacturing, a Missouri-based provider of custom retail displays and store fixtures, is expanding in St. Louis, investing $1.78 million and creating 32 new jobs. According to the company, the expanded operations will enhance its production capacity to meet rising demand while underscoring its commitment to the local workforce and manufacturing sector.