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Western US sawmills in November produced 1.151 bbf of softwood lumber, up 2.1% year-over-year and down 4.3% when compared with prior month: WWPA

Custom fabricator Morgan Li purchases 230,000-sq.-ft. facility in Chicago Heights, Illinois, to expand fixture and furniture production capabilities; expansion set to add 25-30 jobs in 2022

University of Canterbury student creates biocomposite wall panel that uses algae as a bio-filler; the low-cost seaweed plasterboard offers fireproofing and moisture control, is designed to be recyclable, help reduce building industry’s carbon footprint

Applegate Insulation and Greenfiber, in conjunction with Industrial Opportunity Partners, join forces as Applegate • Greenfiber to form the largest, nationally recognized manufacturer and marketer of cellulose insulation in the North American market

Saint-Gobain's CertainTeed ships first STONEfaçade stone veneer panels from newest plant in Quakertown, Pennsylvania, to customers in New England and the Mid-Atlantic; CertainTeed to hire 25 new full-time employees in Quakertown by summer to meet demand

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An example of a few headlines sent to our customers on Jan, 11 2022
Wood & Building Products

powered by Industry Intelligence, Inc.

January 11, 2022

Industry Roundup


Domain Timber Advisors sees lumber prices hovering above US$1,000/mbf through Q2, driven by millennials reaching homebuying age, Canadian lumber tariffs, higher cost of raw goods like timber; price of timber could stay strong for next three to four years
Business Insider (01/10)

US Dept. of Commerce amends notice of final results of the 2019 administrative review of the countervailing duty order on certain Canadian softwood lumber products; Canadian firms allege the DOC committed ministerial errors regarding subsidy calculations
Federal Register (01/10)


Roseburg’s Dillard Lumber and Riddle Plywood locations donate lumber and panels to Operation Tiny Home to build homes for vulnerable families impacted by the 2020 wildfire season; total of four homes intended to be a long-term permanent housing solution
Roseburg Forest Products (01/07)

Oriented Strand Board (OSB)

CIBC: Mid-week update published Jan. 4 shows wood prices keep inflating, with Western SPF up 3.3% since Dec. 31 to US$1,080/mbf, SYP 2x4 up 5.5% to US$1,270/mbf; OSB pricing up 4.4% to US$715/msf in North Central, up 4.8% to US$655/msf in Western Canada
CIBC World Markets Inc. (01/07)

Engineered Wood Products (EWP)

One Equity Partners acquires majority interest in Rosboro from Wynnchurch Capital, who will remain a significant minority shareholder; Springfield, Oregon-based Rosboro is a leading manufacturer of glued-laminated timber and a variety of lumber products
Contify Investment New (01/07)

Structurlam celebrates completion of Terminus at District 56 in British Columbia, a five-story mass timber post-and-beam commercial building; Tallwood 1 set to open in 2022 as the first 12-story mass timber tower built under revised 2018 BC Building Code
Structurlam Mass Timber Corp. (01/07)


Bendheim's Lumi Frit Projectable Glass Rainscreen and HexaLite lightweight glass cladding receive three 2021 Product Innovation Awards from Architectural Products; categories include Exteriors & Panels/Cladding, Project Application, Wall Coverings
Bendheim Enterprises LLC (01/10)

Cladding manufacturer and installer Amigo Construction in Wisconsin looking to add 15,000 sq. ft. of building space to its campus in coming year; project would include expanding existing building for powder coating, constructing new two-story storage site
The Cambridge News & The Independent (01/10)


Välinge Flooring receives 2021 FCNnovation Award from Floor Covering News for best innovation in the Wood Category; company recognized for its hardened wood flooring with Woodura surface technology
Välinge Innovation AB (01/07)


Barrette Outdoor Living updates its line of Mixed Material Fencing to offer more versatile design options with easier installation; line features matte black aluminum framing, allows vinyl or wood infill boards and can accommodate Decorative Screen Panels
Barrette Outdoor Living Inc. (01/10)

Barrette Outdoor Living launches kit-based Louvered Privacy Vinyl Fencing, designed for warm-weather markets prone to high winds; fence with slanted horizontal boards provides privacy while allowing increased airflow to easily pass between infill boards
Barrette Outdoor Living Inc. (01/10)

Building Products & Wood

TopBuild acquires Insulating Products, a residential and light commercial insulation distribution company; Insulating Products is headquartered in Lewisville, Texas, with additional facilities in Houston, San Antonio, Oklahoma City and Wichita, Kansas
TopBuild Corp. (01/10)

Foundation Building Materials completes two acquisitions, with eight new locations; Hudson Interior Supply has four distribution sites in the New York/North New Jersey markets, Architectural Interior Products distributes across four sites in West Virginia
Foundation Building Materials Inc. (01/10)

Segezha's Sokol CLT plant obtains CE certification confirming product quality meets European requirements; company considers quadrupling CLT output to 200,000 m3/year with new facility in Arkhangelsk Region by 2024 and one in Krasnoyarsk Krai by 2026
Segezha Group (01/10)


Residential Construction & Real Estate

Realtor.com's top markets for first-time homeowners include Magna, Utah, Chalco, Nebraska, Mauldin, South Carolina, Beech Grove, Indiana and Portsmouth, Virginia; ranking based on prices and incomes, share of millennials, available inventory, jobs
Realtor.com (01/10)

US multifamily origination volume projected to reach between US$475B and US$500B by end of 2022, with growth expected to moderate as concerns about inflation, COVID-19 variants mount; Sun Belt markets expected to outperform the nation: Freddie Mac
Federal Home Loan Mortgage Corp. (Freddie Mac) (01/10)


Pulte Homes announced plans for new luxury town-home community in North Naples, Florida, sales in late 2022; project consists of 114 new homes ranging between1,879 to 1,994 sq. ft. of living space, three bedrooms, two and a half bathrooms, two car garages
Naples Florida Weekly (01/07)

Taylor Morrison expanding footprint into Houston, Texas with new luxury gated community offering single-story rental houses, available in late 2023; project designed for 240 homes, offering one, two, three bedroom houses ranging from 750 to 1,250 sq. ft.
Houston Chronicle (01/07)

Housing Affordability

Almost half of house hunters surveyed would feel more urgency to buy a home if mortgage rates rose above 3.5%; increasing rates will make homebuying less affordable and will eventually put an end to double digit annual price growth: Redfin
Redfin Corp. (01/07)

 Home Improvement/Furniture

Wood Furniture

The Container Store acquires Chicago-based home storage solutions and closet organization company Closet Works for US$21.5M; acquisition will expand manufacturing capabilities to include wood-based spaces, enhance premium wood-based product offering
EquityBites (01/07)

 Construction/Real Estate

Construction & Engineering

US construction employment increased by 22,000 jobs between November and December; nonresidential construction firms added workers for the fourth month in a row while residential construction employment slipped: AGC of America
The Associated General Contractors of America (AGC of America) (01/07)

Mortgages/Home Financing

One in nine first-time US homebuyers surveyed in Q4 said selling cryptocurrency helped them save for a down payment; digital currencies likely on the rise as a payment method among homebuyers as millennials, Gen Z increase share in housing market: Redfin
Redfin Corp. (01/07)

Interest Rates

Goldman Sachs expects Fed to raise interest rates four times in 2022 as it grapples with red-hot inflation, and start reducing its balance sheet in July or earlier; Fed could keep hiking rates in 2023 and 2024 until federal funds rate reaches 2.5%-2.75%
Business Insider (01/10)

JPMorgan CEO says economy is generating so much inflation that Fed could raise short-term interest rates more than four times in 2022, noting four increases this year 'would be very easy for the economy to absorb'
Reuters (01/10)


Latest: Jan, 10 2022

Latest Value Prev Chg YOY Chg
Home Improvement/Furniture
Home Depot (HD) 387.46 393.61 -1.56% 43.99%
Lowes Companies (LOW) 247.69 251.09 -1.35% 50.07%
Bluelinx (BXC) 81.55 81.01 0.67% 139.08%
Boise Cascade Co. (BCC) 69.33 69.03 0.43% 41.26%
Builders Firstsource (BLDR) 79.01 78.63 0.48% 96.69%
Canfor Corp. (CFP.CA) 30.62 31.63 -3.19% 27.69%
Interfor (IFP.CA) 39.95 39.58 0.93% 66.60%
Lousiana Pacific (LPX) 73.44 73.37 0.10% 91.10%
Lumber Liquidators (LL) 16.43 16.49 -0.36% -48.22%
Owens Corning (OC) 91.77 89.87 2.11% 14.84%
Saint-Gobain SA (SGO) :EPA 65.00 64.31 1.07% 53.01%
Trex (TREX) 115.76 116.94 -1.01% 30.11%
West Fraser Timber (WFG) 92.27 91.83 0.48% 47.51%
West Fraser Timber (WFG.CA) 116.99 116.10 0.77% 47.16%
Weyerhaeuser (WY) 40.15 40.34 -0.47% 20.28%