Woodworking Industry News

Woodworking Industry News

Harvard Study: Home remodeling gains to remain robust

CAMBRIDGE, MA – Strong growth in home improvement and maintenance expenditures is expected to continue over the coming year, according to the Leading Indicator of Remodeling Activity (LIRA) compiled by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.  The LIRA projects year-over-year gains in annual improvement and repair spending will reach 9 percent in the fourth quarter and maintain that pace into 2022.

Woodworking Industry News

University receives $4 million grant to study 3D printing with recycled wood

MOSCOW, Idaho — The University of Idaho is developing technology to turn Idaho wood waste into architectural millwork and construction materials on the market — by using it as a medium for 3D-printing. An interdisciplinary research team led by College of Engineering Assistant Professor Michael Maughan has been awarded nearly $4 million from the National Science Foundation’s (NSF) EPSCoR Research Infrastructure Improvement Program.

Woodworking Industry News

Housing sales are up as are softwood lumber prices

VANCOUVER, BC -- After slowing down in the summer, sales of new US single-family homes rocketed up by +14%, while the median price of newly built houses increased by even more, compared to the previous month, according to Madison's Lumber Reporter There were 800,000 new U.S. homes sold in September, which is up +14% from a significantly downwardly-corrected 702,000 in August, and is down -18% from 971,000 in September 2020.