MasterBrand Cabinets, Inc. will invest $574,000 in equipment to expand capacity at its Goshen, IN plant. It has already begun hiring to fill 76 jobs being created; $430,000 in grants and tax credits sweetened the deal.

Multi-family housing starts declined 24.1% to 277,000 units in January, putting at least a momentary damper on the recovery of the new housing market.

The International Wood Products Association has hired Cindy Squires as its new executive vice president. Squires replaces Brent McClendon who left in December.

Expanding residential flooring sales in North America and exploding Chinese consumer demand for American oak in flooring and other furnishings will drive additional red oak price increases.

Cabinetry and closet hardware and LED lighting supplier Rev-A-Shelf will break ground on a 315,000 sq. ft. manufacturing facility in Blankenbaker Station II Business Park, about 15 miles east of downtown Louisville.

Well-trafficked Cabinets & Closets Expo a hit for attendees and exhibitors. The year's first woodworking tradeshow bustled with events for cabinet makers, custom woodshops and closets businesses.

International Forest Products (Interfor) has completed its acquisition of Rayonier's Wood Products Business in the southern United States.

RSI Home Products Inc. regains sole ownership after completing a buyback of 50 percent equity interest from Onex Corp. and its affiliates for $323 million. Onex has a 58% stake in Jeld-Wen Windows and Doors.

Economist Alan Beaulieu has been named the closing speaker at Stiles Machinery’s 2013 Executive Briefing Conference for the woodworking industry.

Annie Nozawa of Houzz.com presented findings from its latest consumer research study during a special presentation at the Cabinets & Closets Expo.