In a May 19 report, Market Insider found that lumber prices fell to new lows in 2022 as April's existing home sales hit the lowest level since the start of the pandemic.

Maitland-Smith, a high-end furniture and accessories brand has acquired luxury case goods firm Scarborough House.

Wikifactory, an online platform for collaboratively creating physical products, has secured $2.5 million in pre-series A funding from existing shareholders and new investors including, Seier Capital, the investment vehicle of Lars Seier Christensen. This brings Wikifactory's funding to date to a total of nearly $8 million.

Danzer, a hardwood company that specializes in wood from temperate forests in the northern hemisphere, recorded revenue of EUR 170 million in 2021. Adjusted for the divestiture of a sawmill in Bradford, Pa., which was disposed of in April 2021, this represents a year-on-year increase of 25% (2020: EUR 136 million). 

Furniture and home furnishings sales grew modestly in April, reflecting the overall picture for retail, according to advance estimates from the Commerce Department. But even with slow growth, these numbers remain well ahead of the 2021 pace, according to a Furniture Today report.

Maryland AG files charges and preliminary injunction against furniture sellers. The charges include failure to provide ordered furniture or deposit refunds in violation of the Consumer Protection Act.

OTTAWA, Ontario – Housing starts nudged up 1.8% from 253,226 units in March to 257,846 units in April, according to Canada Mortgage and Housing Corporation (CMHC). 

Lucidyne Technologies Inc., a North American supplier of automated lumber scanning and optimization, is integrating its software platform with Microtec's scanning solutions that it develops for the sawmilling and wood processing industry.

Black Bros. Company has named Clay Coss as its marketing manager. Founded in 1882 and in its sixth generation of family ownership, Black Bros. specializes in the manufacturing of laminating and roll coating technology and provides machines to businesses across the globe. Coss comes to Black Bros. with 10-years’ experience in the industrial sales and customer service industry and more than five years as a newspaper editor. He will also serve as a technical writer for the company.  

Mercer Mass Timber LLC., a subsidiary of the Vancouver, British Columbia-based Mercer International Inc., a global producer of market pulp and solid wood products with mills in Canada, Germany, and Australia, plans to invest $50 million over the next two years in capital projects at its Spokane Valley mass timber manufacturing facility.