Furniture and furnishings stocks were nicely higher in the week, as the market rotated from larger, growth-oriented, and AI-driven stocks to smaller-cap, value-oriented issues.

OKANAGAN FALLS, B.C. — New support for a mass-timber production facility is protecting sustainable forestry jobs in Okanagan Falls and continuing to strengthen B.C.'s position as a leader in mass-timber innovation.Mercer Mass Timber, for instance, was the recipient of $7 million in funding for use in the purchase and installation of new production equipment.

Richelieu, a distributor of cabinet and furniture hardware and related supplies throughout North America, posted sales of $481.4 million for the second quarter ended May 31

The rebranding will unify product lines and enhance customer service across North America.

Pioneer Millworks, a manufacturer of sustainable and reclaimed wood flooring, paneling, and siding, has been selected by the EPA for a grant titled “IRA NOFO for Reducing Embodied Greenhouse Gas Emissions for Construction Materials and Products.”

Homeowner expenditures for improvements and repairs are expected to trend up through the first half of 2025, according to a report by the Remodeling Futures Program at Harvard University.

NEW YORK — The U.S. Environmental Protection Agency selected six recipients to receive approximately $20.4 million in grants to support efforts to report and reduce climate pollution from the manufacturing of construction materials. EPA estimates that the construction materials used in buildings and other built infrastructure account for more than 15% of annual global greenhouse gas emissions.

On July, 10, Bassett Furniture Industries Inc. was hit by a substantial cybersecurity breach that led to a halt in manufacturing operations. The furniture giant is back up and making product.

PaintLine will be previewing new products that are specifically designed for woodworking manufacturers and cabinet production facilities and shops at the International Woodworking Fair (IWF) held August 6 – 9, 2024, in Atlanta.

Western Hardwood Association will hold its annual convention at the Ilani Casino Hotel in Ridgefield, Washington, on September 23-25, 2024.