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Andy Johnson

Some Hardwood Sawmills Struggle to Stay in the Black

Hardwood lumber sales remained relatively slow, as a combination of lackluster overseas demand and the easy availability of lumber kept many buyers on the sidelines. Abrupt lumber price declines challenge profitability, while the ultimate impact of China devaluation is a wild card.

Housing Helps U.S. Hardwood Sales Improve Faster Than Exports

While U.S. hardwood exports lagged in May and June 2015, domestic demand for hardwood lumber continued to improve. Home construction, which dipped in May, was set to move higher, as both permitting and builder confidence rose - which played out as expected when June figures surged. New and existing home sales also expanded, driving better demand for cabinets, moulding and millwork.