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An example of a few headlines sent to our customers on Apr, 26 2022
Wood & Building Products

powered by Industry Intelligence, Inc.

April 26, 2022

Industry Roundup

Lumber

North American framing dimension softwood lumber market appears to find supply-demand balance, but builders struggle with jump in mortgage rates, supply chain disruptions and NAHB/Wells Fargo Housing Market Index index drops to seven-month low in April
Canada Newswire (04/25)

PotlatchDeltic reports Q1 net income of US$163.9M on revenues of US$411.4M, up from year-ago income of US$131.1M on revenues of US$354.2M; CEO says company upbeat on lumber demand fundamentals despite rising interest rates
PotlatchDeltic Corp. (04/25)

Oriented Strand Board (OSB)

CIBC: Mid-week update published April 19 shows wood products prices finding support, with W. SPF down 0.5% since April 15 to US$1,000/mbf, and SYP 2x4 stabilized at US$828/mbf; on OSB side, North Central down 3.3% to US$725/msf, Western Canada down 6.4%
CIBC World Markets Inc. (04/22)

MDF, Particleboard & Non-Structural Panels

Envela's Texas-based Echo Environmental Holdings signs property purchase agreement to build solar panel recycling facility in Mesa, Arizona; company expects property purchase deal to close in Q3
Accesswire (04/22)

Gypsum Board/Wallboard

Nonwovens use in construction increasing as housing, as commercial markets grow in North America; roofing, house wrap segments are largest, but fiberglass, polyester for ceilings, gypsum board, insulation, wall covering segments are advancing: INDA/EDANA
Nonwovens Industry (04/25)

L&W Supply acquired assets of DWS Building Supply with two locations in El Paso, Texas, one in Las Cruces, New Mexico; DWS Building Supply is a distributor of drywall, ceilings, paint, insulation, plaster and stucco for commercial, residential contractors
L&W Supply Corp. (04/25)

Decking/Fencing

Owens Corning to acquire weather-resistant composite decking and structural lumber manufacturer WearDeck from JR Plastics; acquisition advances company's strategy of pivoting composites business towards high-value material solutions in construction sector
Business Wire (04/25)

Trex, which is investing US$400M to develop new campus in Little Rock, Arkansas, appoints James Reddish as director of Little Rock Workforce Development and Community Engagement
Talk Business (04/22)

Joinery/Doors/Windows

Woodgrain extends previously announced tender offer for all outstanding shares of Huttig Building Products until May 2; extension gives stockholders more time to complete required documentation, extend period for Woodgrain's lender to syndicate loan
Huttig Building Products Inc. (04/25)

Cement/Concrete

Holcim joins Carbon Capture Coalition, which is working to build federal policy around commercial scale deployment of carbon management technologies; Holcim has been developing carbon capture feasibility studies, assessing viability of a CCS facility
Business Wire (04/22)

Building & Construction Use

Freudenberg, INDA, AstenJohnson, Andritz executives discuss recent needlepunch nonwovens investments, acquisitions, capacity expansions, innovations; demand up since end of 2020 in air filtration, papermaking, hygiene, building, road construction segments
Nonwovens Industry (04/25)

Building Products & Wood

Southern yellow pine lumber prices fall for fifth consecutive week; Forest2Market's composite SYP price for week ended April 22 at US$721/mbf, down 2.2% from prior week's US$737/mbf, down 26.9% year-over-year
Forest2Market Inc. (04/25)

Stora Enso to divest two sawmills in Russia and forestry operations that supply them; Nebolchi and Impilahti mills will be divested to local management, which company says can provide a more sustainable long-term solution amid Russian market uncertainties
Stora Enso Oyj (04/25)

CertainTeed's manufacturing facilities in California, Missouri, Oregon, Minnesota earn GreenCircle Certification for Recycled Content; certification ensures organization is implementing comprehensive and effective sustainability practices
CertainTeed (04/25)

 Homebuilding

Housing Starts

RBC Capital: March US housing data viewed as positive, as housing starts and permits rise above expectations, rising 3.9% and 6.7% year-over-year, respectively; South represents 47% of total starts versus 24% in the West, 13% in Midwest, 16% in Northeast
RBC Capital Markets LLC (04/22)

Residential Construction & Real Estate

Commentary: US homebuilders likely to find it harder to raise home prices in coming months as rising mortgage rates, inflation cut into demand; D.R. Horton, Lennar, Pulte, others headed for strong earnings season, but housing boom shows signs of cooldown
International Business Times (04/25)

K-C India, in partnership with the Plastics for Change Foundation, recycles 22.5 tonnes of single-use and multi-layered plastic in 2021 to build sustainable housing units in Karnataka; PE diverted from oceans will also aid on-ground waste collectors
Kimberly-Clark Corp. (04/25)

Homebuilding

Annual gains in US home improvement and maintenance spending projected to peak at 19.7% in Q3 before decreasing to 15.1% in Q1 2023; annual expenditures to expand to nearly US$450B by Q1 2023: JCHS
Harvard Joint Center for Housing Studies (JCHS) (04/22)

KB Home release 15th annual sustainability report detailing environmental, social and economic achievements in 2021; highlights include over 160,000 Energy Star-certified homes, 14,000th solar home, maintained position as most energy-efficient homebuilder
KB Home (04/22)

Housing Affordability

CIBC Q1 forestry preview: Expecting strong Q1, but housing affordability a key issue; rise in mortgage rates remains major risk for housing/building products complex in coming months, but commodity prices could find near-term floor over next few weeks
CIBC World Markets Inc. (04/22)

 Home Improvement/Furniture

Remodeling

John Burns Consulting: Expecting existing home sales to fall in 2022, given tight inventory and payment shock from rising mortgage rates, but seeing continued growth in remodeling spending, especially on large, professional contractor-intensive projects
John Burns Real Estate Consulting LLC (04/22)

Home Improvement/Hardware Stores

Motley Fool: Home Depot, Lowe's set for another banner season after gains over last five years; 2021 storm season benefited both, and at least 20 major storms are predicted in 2022, the seventh straight year of above-average Atlantic hurricane activity
The Motley Fool (04/22)

 Construction/Real Estate

Commercial Construction & Real Estate

Kindred Rehabilitation Services to build US$30M, 50-bed inpatient rehabilitation hospital in Jacksonville, Florida, to open in late 2023; two-story, 60,000 square-foot facility to treat stroke, brain injury, spinal cord injury patients and others
Florida Times-Union (04/25)

Sacyr, Amico Design to design, build Grandview Children's Centre in Ajax, Ontario, to treat children with special communication, physical, developmental needs; facility to include developmental pediatric medical services, clinical, rehabilitation services
CE Noticias Financieras (04/25)

Interest Rates

Nomura predicts Fed will hike interest rates by 75 basis points in both June and July, after 50-point increase in May, which would amount to one of the fastest monetary policy tightening cycles ever as Fed grapples with red-hot inflation
Business Insider (04/22)

 Stock

Latest: Apr, 25 2022

Latest Value Prev Chg YOY Chg
Home Improvement/Furniture
Lowes Companies (LOW) 200.38 197.06 1.68% -0.27%
Watchlist
Bluelinx (BXC) 69.33 66.64 4.04% 41.55%
Boise Cascade Co. (BCC) 76.19 74.63 2.09% 14.26%
Builders Firstsource (BLDR) 65.85 61.41 7.23% 35.02%
Canfor Corp. (CFP.CA) 23.75 24.39 -2.62% -24.05%
Home Depot (HD) 304.94 300.11 1.61% -5.85%
Interfor (IFP.CA) 35.85 36.34 -1.35% 8.08%
Lousiana Pacific (LPX) 65.14 63.73 2.21% -3.64%
Lumber Liquidators (LL) 14.15 14.04 0.78% -41.79%
Owens Corning (OC) 88.00 85.45 2.98% -8.19%
Saint-Gobain SA (SGO) :EPA 55.49 54.87 1.13% 4.96%
Trex (TREX) 61.29 60.58 1.17% -42.59%
West Fraser Timber (WFG) 87.00 87.31 -0.36% 12.36%
West Fraser Timber (WFG.CA) 110.77 110.67 0.09% 14.72%
Weyerhaeuser (WY) 41.62 41.52 0.24% 8.95%
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