Wood Products Firms Battle to Right the Ship

The old adage, "The bigger they come, the harder they fall," has been widely evidenced in the headlines of dozens of news stories posted on Woodworking Network over the past few months. From Chapter 11 filings and major restructurings to plant layoffs and facility shutdowns, the major players have pulled out all the stops to navigate through the "Great Recession."

Magazine

Investing Intellectual Capital in Wood Industry

Thousands of woodworking industry jobs have been eliminated by the implosion of housing sales — both new and existing stock — and with it the interior wood installations and appointments that drive many parts of the custom woodworking market. With two million loans in foreclosure — 4.6% of the total number of U.S. mortgages — the pipeline for new construction and remodeling is at once empty, and clogged with existing stocks of vacant, unwanted housing, with some 3 million homes standing vacant.