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Woodworking Industry News

Builder sentiment posts third consecutive monthly gain

WASHINGTON — Expectations that mortgage rates will continue to moderate in the coming months, the prospect of future rate cuts by the Federal Reserve later this year, and a protracted lack of existing inventory helped provide a boost to builder sentiment for the third straight month.Builder confidence in the market for newly-built single-family homes climbed four points to 48 in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Feb. 15. This is the highest level since August 2023.

Woodworking Industry News

Pre-engineered building components opens a 48,000-sq-ft addition

FORT PIERCE, Fla. — A-1 Global Holdings, Inc., a leader in pre-engineered building components, has completed its latest expansion, a 48,000-square-foot addition to the A-1 Industries of Florida manufacturing facility in Fort Pierce, Florida. This significant development is a strategic response to the Company’s record growth and increasing customer demand.

Woodworking Industry News

Is sun setting on Enviva's future?

In 2022, Maryland-based Enviva was riding high. For the second year in a row, revenue topped $1 billion, up 24% from two years prior. In April of that year, stocks hit a peak of $87 per share, and multiyear contracts were signed with customers across the European Union, United Kingdom, Japan and South Korea.Enviva, the world's largest bioenergy firm in the world, dominated the global market for wood pellets used by the energy industry.