Woodworking Industry News

Woodworking Industry News

Lumber tariffs don’t draw protests of steel and aluminum

Last week, within hours after Trump announced the 25 percent tariff on steel and 10 percent on aluminum, many industries rose up in protest, said Gene Wengert, the Wood Dr. “Auto manufacturing indicated that this tariff would raise prices, affect sales and cause large (maybe 200,000) unemployment,” he said. “These industries responded within hours of Trump’s action. The stock market lost around 2 percent.”  

Woodworking Industry News

Residential furniture orders drop 9% in December

HIGH POINT, N.C. - Despite gains in October and November, residential furniture orders dropped 9% in December compared to the year prior,  according to the latest Furniture Insights survey of residential furniture manufacturers and distributors from Smith Leonard. December's drop is only the second time in 2017 where new orders decreased compared with the same month in the year prior.