home construction

Woodworking Industry News

NAHB: Builder confidence uptick signals turning point for housing

WASHINGTON  – A new report from the National Association of Home Builders found a modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction costs, building material supply chain disruptions and challenging affordability conditions. 

Woodworking Industry News

Vietnam replaces China as top foreign supplier in veneer and plywood market

According to a new report from IndexBox,, the hardwood veneer and plywood market in the U.S. stood at $4.9 billion in 2019, which was  9.1 percent less than the year before. This figure reflects the total revenue of producers and importers (excluding logistics costs, taxes, and tariffs, which will be included in the final consumer price). Over the last five years, it increased gradually, driven by rising construction.