Woodworking Industry News

Builder sentiment posts third consecutive monthly gain

WASHINGTON — Expectations that mortgage rates will continue to moderate in the coming months, the prospect of future rate cuts by the Federal Reserve later this year, and a protracted lack of existing inventory helped provide a boost to builder sentiment for the third straight month.Builder confidence in the market for newly-built single-family homes climbed four points to 48 in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Feb. 15. This is the highest level since August 2023.

Woodworking Industry News

Pre-engineered building components opens a 48,000-sq-ft addition

FORT PIERCE, Fla. — A-1 Global Holdings, Inc., a leader in pre-engineered building components, has completed its latest expansion, a 48,000-square-foot addition to the A-1 Industries of Florida manufacturing facility in Fort Pierce, Florida. This significant development is a strategic response to the Company’s record growth and increasing customer demand.