There will be even less emphasis and profit for the sawmill to make the hardwood log entirely into lumber, which in turn will mean that lumber availability will shrink.
The Future of the Hardwood Industry conference will be held November 2 - 3, 2016 at the Wood Education and Resource Center in Princeton, West, Virginia.
Rugby Architectural Building Products acquired domestic and imported hardwood lumber supplier Albuquerque Hardwood Lumber Company, which is located in Albuquerque, New Mexico.
Legend Lumber Lee Corp. will invest $3.5 million to renovate a shuttered hardwood lumber concentration yard in Boston, Kentucky. The investment will create at least 30 full-time positions to produce hardwood for export to Asia.
Seven new members have been named to the National Hardwood Lumber Association Board of Managers. The NHLA Board of Managers will convene in Memphis this month at the association's biannual meeting in Memphis.
Hardwood industry optimism is higher than it has been in a long time, with prices leveling out, supplies tightening back up, and buyers in most sectors and regions placing more orders.
Hardwood Publishing’s forward-looking price indices for key hardwood species reflect expectations of lower Red Oak, White Oak, Hard Maple and Soft Maple prices over the next 30 days.
U.S. hardwood lumber exports through April trailed the 2014 pace by 7%. With global inventories still on the high side, most buyers will take only what they need through the summer. Until the market finds its bottom this fall, buyers will only bite on larger blocks at deep discounts.