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Woodworking Industry News

NAHB: Building material prices up 19% year-over-year

According to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4% in March and February, respectively. This adds up to an 4.9% increase in building materials prices since the start of 2022. Year-over-year, building materials prices are up 19.2% and have risen 35.6% since the start of the pandemic.

Woodworking Industry News

Marlor Tooling invests in ANCA grinder technology

Located in Peterborough, England, Marlor Tooling has been designing and manufacturing cutting tools for more than 20 years. The cutting tool manufacturer specializes in delivering innovative solutions for the woodworking industry as well as industries such as aerospace, automotive, energy, and general subcontract markets. Kevin Taylor from Marlor Tooling said that the company has aspired to have the best technology at all times, which is why he said the company has invested in an ANCA MX7 linear grinding machine.