TEMPE, Ariz. – Despite continuing issues with labor shortages and supply chain issues, the economy including the furniture and related products market segment continued to grow, according to the Manufacturing ISM Report On Business. According to the report from the Institute for Supply Management, economic activity in the manufacturing sector grew in January, with the
International
WOODBRIDGE, Ont. — One of Canada’s largest residential furniture manufacturers is getting even bigger following the news that Decor-Rest has acquired the brands and operations of Superstyle Furniture and Trendline Furniture. The acquisition of the two Ontario-based residential furniture manufacturers is expected to increase Decor-Rest’s manufacturing capacity by 35 percent and its footprint to 400,000
Lumber futures are coming under pressure as the housing market gets more restrictive for new buyers. Lumber prices remain subdued below critical support at $1,000 per thousand board feet. Mortgage rates surged above the 5% level on Tuesday for the first time in years. Loading Something is loading. Lumber futures are struggling to reclaim a
Joe Walker, Terry Edgell, Chris Worthy and Josh Worthy Newport-based timber importer Premier Forest Products has completed the acquisition of a fellow South Wales timber company. The deal was supported by prominent advisers. Established in 1974, Monmouthshire Timber Supplies (Mon Timber) becomes the latest brand to join Premier’s expanding portfolio. Mon Timber supplies timber products,
HIGH POINT, N.C. – Although January saw a 12% drop in new residential furniture orders compared to 2021, they are still up by 16% over 2020 figures. “[E]ven with the 12% decline in overall orders in the January 2022 comparisons to the January 2021 results, some 55% of the participants reported increased orders for the
VANCOUVER, BC — Canfor Corp. plans to reduce operating schedules at its Western Canadian sawmills effective April 4, 2022, due to the cumulative effects of the unprecedented global supply chain crisis that has been ongoing for several months. The reduced operating schedules will remain in effect for a minimum of four weeks and the company
