Industry News

A few months of struggle between lumber buyers and sellers brought some big price cuts in mid-June. Suppliers had been cutting prices by increments to increase sales volumes, while customers continued to wait as long as possible in hopes that prices might drop further. The trend line of recent decreases matches almost exactly what happened

An affiliate of Grand Rapids Township wood products manufacturer UFP Industries Inc. has acquired a 50-percent equity stake in a key supplier based in South Carolina. UFP affiliate PalletOne Inc. acquired the equity stake in Orangeburg, S.C.-based Dempsey Wood Products LLC, the companies announced on Monday. The purchase agreement also includes options for PalletOne to

A few months of struggle between lumber buyers and sellers brought some big price cuts in mid-June. Suppliers had been cutting prices by increments to increase sales volumes, while customers continued to wait as long as possible in hopes that prices might drop further. The trend line of recent decreases matches almost exactly what happened

The United States Forest Service, an agency of the U.S. Department of Agriculture (USDA), and the Oregon City, Oregon-based Softwood Lumber Board (SLB) have announced the six winning proposals in the $2 million design competition, Mass Timber Competition: Building to Net-Zero Carbon. The winning submissions—all of which “exemplified capabilities to design and construct mass timber

From left to right, Tony Brookhouse, Denise Brookhouse, and Dirk Koopman. WHITINSVILLE, Mass. — Koopman Lumber, a family-owned and -operated business since 1939 with 10 locations in eastern Massachusetts, has acquired Boilard Lumber, another family-owned and -operated retail lumber yard providing quality building supplies since 1936 in Indian Orchard, Massachusetts. “We’re excited about the opportunities

LP Building Solutions NASHVILLE, Tenn. — LP Building Solutions (LP) has been recognized as a 2022 Top Workplaces of Middle Tennessee honoree by The Tennessean, the state’s largest newspaper and part of the USA Today network. Winners of the annual award are determined based solely on anonymous employee feedback collected via a survey administered by The Tennessean’s industry research partner,

WASHINGTON – Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year contract activity slid in all four major regions. The Pending Home Sales Index

BRENTWOOD, Tenn. — Tractor Supply Company has announced awards and recognition of its commitment to a strong workplace culture. For the third consecutive year, Tractor Supply was certified by Great Place to Work, an honor that is recognized worldwide for identifying and recognizing outstanding employee experience. Additionally, the company earned a spot on both the

Ponsse Plc has sold all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus to OOO Bison, owned by Aleksey Voronkevich, whose company Dormashimport has been responsible for the retail of PONSSE forest machines in the eastern parts of Russia since 2007. The companies will not disclose the price of the transaction.

If you were buying lumber, June 13 was a good day with spot prices and futures down to $528 per thousand board feet, the lowest they’ve been since early September 2021. But now they’ve headed back up. If you’re in construction or development, take a deep breath because the changes aren’t like they were in

Unless you work in the construction or home improvement industry, lumber may not be the first thing that comes to mind as an investment opportunity. This is a cyclical industry that’s largely driven by a strong housing market. However, although it’s a cyclical industry, lumber has provided historical returns that are competitive with other sectors

Standing: Lynne Leon, COO, Nak’azdli Whut’en; Councillor Leonard Thomas, Nak’azdli Whut’en; Councillor Catherine Lessard, Nak’azdli Whut’en; Bernard Tobin, Forestry Consultant, Nak’azdli Whut’en; Councillor Alyssa Lepka, Nak’azdli Whut’en; Councillor Nolan Sadalon, Nak’azdli Whut’en; Councillor Murial Sam, Nak’azdli Whut’en; Dyon Armstrong, Vice President, Dunkley Lumber; Jeremy Cover, Planning Forester, Dunkley Lumber; JP Wenger, Woodlands Manager, Nak’azdli Whut’en.

UFP Industries, Inc. GRAND RAPIDS, Mich., June 27, 2022 (GLOBE NEWSWIRE) — UFP Industries (Nasdaq: UFPI) today announced that its affiliate, PalletOne, Inc., has acquired a 50 percent equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years. Founded in

Simpcw Resources Group’s forestry department is preparing, submitting, and implementing rehabilitation plans for several wildfires that burned near Clearwater and Vavenby, B.C. Working with the B.C. Ministry of Forests and Simpcw Band Entrepreneurs, this rehabilitation project aims to restore fireguards established during wildfire suppression efforts conducted during the 2021 wildfire season. As part of the