Canadian Government Grants $1 Million to Four Wood Manufacturers
As the entire construction and home products sector continues to struggle, the investment is seen as a boost to the supply chain. Four Quebec-based wood manufacturing companies are receiving $970,267 from the Canadian government “to modernize equipment and increase production capacity, as part of a broader federal push to strengthen the residential construction supply chain,” […]
Michigan Providing Money and Assistance to Mass Timber Builders
The state’s Department of Natural Resources announced the new program in October that includes funding as well as guidance and technical assistance. Cash awards ranging from $25,000 to $75,000 will be made available by the state under its new Michigan Mass Timber Catalyst Program, designed to support building projects that use mass timber as a […]
Hardwood Federation Petitions Trump for Help on Tariffs
A letter to the administration signed by hundreds of hardwood businesses wants federal support for their companies. The letter, written before the latest negotiations between the U.S. and China, requests fairer trade agreements and potential support if these are not put in place. “The undersigned US hardwood companies and organizations,” the letter reads, “representing the […]
New Study Shows Devastating Impact of Canadian Lumber Tariffs on Home Building
Two University of Tennessee professors report how higher duties on imported wood directly impact housing prices. Contradicting the Trump administration that American lumber can replace imported wood from Canada, Andrew Muhammed, a professor of agriculture and resource economics, and Adam Taylor, professor of natural resources, wrote in their new study that this is not necessarily […]
Housing Sales Stable but Lower Mortgage Rates May Help
A slight uptick for the month was encouraging and the possibility for lower mortgage prices as the Fed lowers interest rates could help going forward. The National Association of Realtors said existing home sales remained relatively stable in September, the last month figures are available, increasing by 1.5 percent compared to August but up 4.1 […]
Color of the Year Race Kicked Off by Sherwin-Williams
The paint company made its color prediction, the first of what is likely to be a long series of forecasts through the remainder of the year. The color-of-the-year prediction process has become a staple of the forecasting season in the last quarter of the year, giving builders and interior designers some direction—however contradictory these predictions […]
Mississippi State University Mass Timber Design a Competition Finalist
The 2025 Timber Design Competition at the Timber Construction Conference in Pretoria, South Africa has recognized a student project. Paulina Fernandez, a senior architecture major from Tegucigalpa, Honduras and a student at Mississippi State University, placed ninth out of 130 entries from nine universities across the world for her project “HALO: A Haven of Eternal […]
American Companies Will Pay a Fifth of Tariffs but Consumers Will Pay the Most
A new Goldman Sachs study shows that while the majority of tariffs will be paid by consumers U.S. companies will get hit hard too. Even as American companies are feeling most of the tariff pain right now, that will gradually shift to consumers as the costs of doing business in importing products are passed along […]
Rayonier-PotlatchDeltic Merger to Create Second-Largest U.S. Timber Company
The deal would result in a timber and wood products giant controlling 4.2 million acres across the country. Much of the combined company’s holdings, spread across 11 states and including seven wood manufacturing plants, would be located in the American South with its large softwood capacity. It would have an enterprise value of about $8.2 billion – including […]
These Are the Top 10 States for Fixer-Upper Homes
A new report shows such homes are in increased demand around the country, good news for contractors in key markets. Searches for “fixer-upper” homes have more than tripled over the past four years, a new Realtor.com study shows as potential home buyers look for ways to buy in a marketplace where prices keep going up. […]