Woodworking Industry News

Woodworking Industry News

Single-family construction down in large metros, up in rural areas

Single-family construction posted declines in nearly every geographic region in the second quarter of 2025, with the largest percentage drop of 3.8% occurring in large metro, suburban counties where most permit activity occurs. According to the National Association of Home Builders (NAHB) Home Building Geography Index (HGBI) for the second quarter of 2025, these results are a "sign of a soft housing market."

Woodworking Industry News

Manufacturing PMI at 48.7%, wood and furniture dip

Economic activity in the manufacturing sector contracted in August for the sixth consecutive month. Highlights: new orders are growing while production and employment are contracting; supplier deliveries are slowing; raw materials inventories contracting; customers' inventories too low; prices increasing; exports and imports contracting.