WASHINGTON — The National Association of Home Builders (NAHB) is repporting that "challenging affordability conditions, elevated interest rates and economic uncertainty" continue to act as headwinds on the housing sector as many potential buyers continue to stay on the sidelines.

Timber Products has launched a state-of-the-art component facility in Michigan.

Steves & Sons Inc., a leading door and millwork manufacturer, is entering into a strategic partnership with Bot Auto, a pioneer in autonomous logistics technology, to start a pilot program.

Fitzpatrick & Weller Inc. has been awarded an $800,085 grant by the United States Forest Service. The hardwood lumber and dimension wood components producer said the funding will go towards installing advanced wood energy emissions control systems at two of its manufacturing facilities.

The National Wood Flooring Association (NWFA) has appointed Stephanie Owen as its new president and CEO. This follows an extensive search process led by a volunteer selection committee and unanimous approval by the Executive Committee of NWFA’s Board of Directors.

The Bureau of Land Management will offer the Durkee Fire Salvage Timber Sale of about 1.57 million board feet from across 250 public acres 12 miles southwest of Durkee in Baker County. This sale will produce enough timber to build roughly 100 homes, feed local mills, and support jobs in Oregon communities.

2025 marks the 30th anniversary of the release of bubble-free veneer (BFV) to the woodworking marketplace. Thirty years ago, Peter Rodgers, president and CEO of Oakwood Veneer Company, along with experienced employees, invented a trademarked product that eliminates the problem of wood veneer movement when installed with contact cement.

Hammond Lumber, the second largest family-owned lumber company in Maine, is set to acquire Ware-Butler Building Supply. The acquisition will expand Hammond’s retail footprint from 22 to 34 locations throughout Maine and New Hampshire, further strengthening its ability to serve communities across the region. The acquisition will officially close on July 31, 2025.

BASSETT, Va. — Bassett Furniture Industries Inc. elected James E. Goergen to its board of directors beginning July 22, 2025. “We welcome Jim Goergen to the Bassett Board of Directors,” said Rob Spilman, Chairman and CEO. “We are excited to have someone with his industry experience and track record to join the Bassett board. Jim’s background as a CEO and CFO with years of experience in the interior design, sourcing and technology fields will be a tremendous additive to our strategic planning and operational execution as we move forward.”

Canfor Corporation announced July 22 that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million (1.15 billion Swedish Krona), including working capital of approximately $39 million.