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An example of a few headlines sent to our customers on Jun, 07 2022
Wood & Building Products

powered by Industry Intelligence, Inc.

June 07, 2022

Industry Roundup

Lumber

Moody's projects US housing shortfall at around 1.5 million homes, fueling spike in home sales and rental prices; some experts believe Biden will have to take action to improve US housing supply and lower prices on homes and materials, including lumber
USA Today Online (06/06)

Motley Fool: Crashing lumber prices is more likely a positive than negative for Home Depot, spurring more demand and inducing consumers to take on more home improvement projects; Home Depot CEO expects lower lumber prices to provide lift in Q2
The Motley Fool (06/06)

Engineered Wood Products (EWP)

Port of Amsterdam selects Metsa Wood’s Kerto LVL for walls, floors, roof of Nautical Coordination Centre, a wooden building that reflects port's sustainable and circular ambitions; the 200 m3 of Kerto LVL used is said to store 159 tonnes of CO2e
Metsa Group (06/06)

Oregon awarded more than US$4M of US$32M in federal funds allocated nationally to fund wood innovations and community wood grants; state aims to be a hub for mass timber products, using local timber and bolstering forest products economy
Congressional Documents & Publications (06/06)

Flooring

Mohawk Industries to acquire Vitromex ceramic tile business from Grupo Industrial Saltillo for about US$293M in cash; Vitromex is a leader in US$1.7B Mexican ceramic tile market and in 2021 generated some US$204M in revenue
Mohawk Industries Inc. (06/06)

Cement/Concrete

Norway's carbon capture membrane startup Aqualung raises US$10M to expand in US, Europe, deliver first pilot with Standard Lithium, initiate commercial projects; company to optimize for waste management, petrochemicals, cement, transportation sectors
Aqualung Carbon Capture AS (06/03)

Steel/Iron

UK transport secretary urges prioritization of rail freight over passenger services to mitigate fallout from possible summer train strikes over pay, working conditions; business-critical goods for power plants and steel blast furnaces are top priority
Daily Telegraph (06/06)

Building & Construction Use

Tangent Sustainable Lumber--which produces recycled plastic lumber--to expand into 1.1 million sq. ft. facility at former Montgomery, Illinois, Caterpillar plant; company is currently hiring employees for engineering, maintenance, supervisors, office work
Daily Herald (06/06)

AkzoNobel's Chemcraft brand introduces Acquaduro, a PU waterborne system that offers water and chemical resistance to furniture, cabinet, architectural and refinish end uses; products include topcoat, primer and hardener
Furniture/Today (06/03)

Home/Residential Furniture

YipitData's inaugural Home Goods Market Share Index ranks Wayfair as top US home retailer at 16.7% market share, although it is trending down post-pandemic; company has nearly twice the market share of closest competitors HomeGoods and Bed Bath & Beyond
PR Newswire (06/06)

Building Products & Wood

Price of benchmark framing dimension lumber grade Western SPF 2x4 #2&Btr KD (RL) in week ended June 3 down by 6% from prior week at US$660/mbf, down 59% year-over-year: Madison's
Madison's Lumber Reporter (06/06)

Curtis Lumber, Weyerhaeuser, area construction companies partner to provide tool bags filled with starter items to support graduating seniors entering New York State construction sector; workforce development task force includes more than 50 companies
Capital Region Chamber of Commerce (06/06)

Western US sawmills in April produced 1.182 bbf of softwood lumber, down 10.7% year-over-year and down 13.1% when compared with prior month: WWPA
Industry Intelligence Inc. (06/06)

 Homebuilding

Residential Construction & Real Estate

John Burns Consulting on current housing market conditions, says demand still strong but sees signs of demand starting to cool; very little money has gone into land development, limiting future lot availability, which will constrain future new home supply
John Burns Real Estate Consulting LLC (06/06)

LGI Homes reported 697 home closings in May, with 91 active selling communities
LGI Homes Inc. (06/06)

Multifamily Real Estate

US multifamily segment of apartments in 2 to 4 unit properties continued to disappoint in Q1 2022 with only 4,000 starts, equal to Q1 2021; segment accounted for only 3.2% of total multifamily production compared to 11% from 2000 to 2010: NAHB
National Association of Home Builders (NAHB) (06/06)

 Home Improvement/Furniture

The Home Depot Inc.

Commentary: Big companies like JPMorgan, Walmart, Home Depot looking to second-chance hiring as a solution in tight labor market; research shows recruits with past misdemeanors, substance-related felony have higher retention rates/loyalty, lower turnover
Marketplace Morning Report (06/03)

Edge by Ascential: Amazon to surpass Walmart as biggest US retailer by 2024; companies projected to grow their share of chain retail sales include Costco and Home Depot while Walgreens’ share is expected to remain at 3.2% and Kroger’s to dip to 3.7%
Supermarket News (06/03)

 Construction/Real Estate

Commercial Construction & Real Estate

US nonresidential construction spending declines in April as contractors struggle to find workers; industry officials call for funding boost for construction-focused education and training programs, immigration reform: AGC of America
The Associated General Contractors of America (AGC of America) (06/06)

US construction employment climbs by 36,000 In May, hourly earnings rise at fastest yearly rate in 40 years as companies scramble to fill positions: AGC of America officials warn that lack of available workers is undermining construction activity
The Associated General Contractors of America (AGC of America) (06/06)

Construction & Engineering

Nearly 75% of contractors would stop bidding on federal projects if US imposes government-mandated project labor agreements; it would also make it harder for firms to find enough workers to hire: AGC of America survey
The Associated General Contractors of America (AGC of America) (06/06)

 Stock

Latest: Jun, 06 2022

Latest Value Prev Chg YOY Chg
Home Improvement/Furniture
Lowes Companies (LOW) 196.77 195.45 0.68% 3.61%
Watchlist
Bluelinx (BXC) 87.89 87.29 0.69% 94.75%
Boise Cascade Co. (BCC) 83.05 81.38 2.05% 29.60%
Builders Firstsource (BLDR) 66.57 65.80 1.17% 55.90%
Canfor Corp. (CFP.CA) 27.18 26.65 1.99% -2.37%
Home Depot (HD) 303.89 305.08 -0.39% -2.29%
Interfor (IFP.CA) 33.65 33.35 0.90% 16.07%
Lousiana Pacific (LPX) 74.20 72.03 3.01% 13.79%
Lumber Liquidators (LL) 12.38 12.21 1.39% -45.49%
Owens Corning (OC) 96.14 94.88 1.33% -8.44%
Saint-Gobain SA (SGO) :EPA 56.79 57.31 -0.91% -1.58%
Trex (TREX) 65.42 64.65 1.19% -32.35%
West Fraser Timber (WFG) 93.81 94.26 -0.48% 27.01%
West Fraser Timber (WFG.CA) 117.93 118.69 -0.64% 32.30%
Weyerhaeuser (WY) 38.94 38.34 1.56% 8.14%
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