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US sawmills produced 2.894 bbf of softwood lumber in February, up 2.1% annually from 2.835 bbf, down 2.6% from January’s 2.970 bbf; Canadian lumber production was 1.817 bbf, down 6.3% annually from 1.940 bbf, up 0.2% from January’s 1.813 bbf: WWPA

Arauco to invest US$20M to add third thermally fused lamination line at Grayling, Michigan, particleboard mill; line will be operational in late 2023, increasing lamination capacity more than 50% to support Prism TFL decorative surface product offering

Roofing products manufacturer IKO marks official reopening of its recommissioned site in Brampton, Ontario; 600,000 sq. ft. production and warehouse facility represents C$100M investment in 60-year-old site, which IKO closed in 2017 for total rebuild

Roseburg Forest Products breaks ground at site of new 400 mmbf/year capacity Roanoke Valley Lumber sawmill in Weldon, North Carolina

Timberlink unveils new Green Mill Vision Scanning System at Bell Bay, Tasmania, wood mill, which will optimize production of treated timber for construction of decks, pergolas; federal funding of AU$3.5M is supporting mill's ongoing modernization

Price of benchmark framing dimension lumber grade Western SPF 2x4 #2&Btr KD (RL) in week ended May 20 down by 16% from prior week at US$901/mbf, down 45% year-over-year: Madison's

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An example of a few headlines sent to our customers on Mar, 15 2022
Wood & Building Products

powered by Industry Intelligence, Inc.

March 15, 2022

Industry Roundup

Lumber

Koskisen to discontinue operations in Russia, stop importing sawn goods and logs, and run down its sawmill operations there; Finnish company estimates financial impact on its business will be insignificant
Koskisen Group (03/14)

Value of Sweden's wood exports in 2021 up 46% from 2020 to SEK 49.50B, paper exports up 2% to SEK 82.30B, pulp exports up by 18% to SEK 27.30B; forest products accounted for 10% of Sweden's goods exports in 2021, and their overall export value was up 16%
M-Brain Nordic News (03/14)

Plywood

Wisconsin obtains civil judgement that requires Wisconsin Veneer and Plywood to pay US$75,000 for violating two emissions limits in its air-pollution-control permit during tests conducted in May 2020; company has since returned to being in compliance
Daily Reporter (03/11)

Oriented Strand Board (OSB)

CIBC: Mid-week update published March 8 shows wood price momentum pausing across most product categories, with both W. SPF and SYP 2x4 flat since March 4 at US$1,400/mbf and US$1,478/mbf, respectively; OSB pricing in North Central up 1.2% to US$1,265/msf
CIBC World Markets Inc. (03/11)

Engineered Wood Products (EWP)

Microsoft to purchase carbon credits from ACT's Freres Lumber Biochar CO2 Removal Project for its 2022 Carbon Removal Program; Oregon EWP manufacturer Freres commits to investing part of the sales proceeds to biochar production research and development
GlobeNewswire (03/11)

Siding

SVPGlobal completes acquisition of Associated Materials, owner of the Alside cladding brand; company also manufactures vinyl windows and cladding, metal siding and trim
PR Newswire (03/14)

US demand for composite siding forecast to increase 1.8% annually through 2025 to 48,000 squares valued at US$172M; commercial market accounted for most composite siding demand in 2020 and is expected to drive gains through 2025: Freedonia
The Freedonia Group Inc. (03/14)

Gypsum Board/Wallboard

Etex to expand its Bristol plasterboard factory in the UK, with construction set to start later in March; expansion will increase production of its Siniat brand by over 50% by 2023
Fitch Solutions Sector Intelligence (03/14)

Flooring

Cali Bamboo's GeoWood flooring featured in the March issue of Men’s Health for its use in a home in California, designed to support healthy living; hybrid GeoWood floor has layers of hardwood over a waterproof core made of compressed limestone composite
Cali Bamboo LLC (03/11)

Shaw Industries named a 2022 Training APEX Award winner by Training magazine, ranked as the highest flooring manufacturer on the list; company has been named to this list for 18 consecutive years
Shaw Industries Group Inc. (03/11)

Joinery/Doors/Windows

Pella named among Fast Company’s list of World’s Most Innovative Design Companies for 2022, the first window and door manufacturer to do so; Pella ranked at No. 8 for its Easy-Slide Operator hardware solution for casement and awning windows
Pella Corp. (03/14)

Windsor Windows & Doors’ manufacturing facility in Norwalk, Iowa, sustains significant damage from a tornado, with no injuries reported; facility will be unable to produce windows and patio doors until repairs are made
Door and Window Market (03/11)

Steel/Iron

Fitch raises global average steel price forecasts for 2022 and 2023 to US$980/tonne and US$850/tonne, respectively, from US$750/tonne and US$550/tonne, on back of Russian invasion of Ukraine and renewed stimulus to Chinese infrastructure sector
Fitch Solutions Sector Intelligence (03/11)

Building Products & Wood

Saint-Gobain's board of directors decide on principle of an issuance of up to 6.5 million shares with a par value of €4 each, reserved for members of the Saint-Gobain employee savings plan
Saint-Gobain SA (03/14)

Manufacturers' efforts to improve quality of composite siding products will boost adoption in US residential market, particularly in high-end single-family homes; fiber-reinforced polymer panels will compete with stone and brick products: Freedonia
The Freedonia Group Inc. (03/14)

Elite Roofing Supply will implement price increases on all residential and commercial products by 5%-15%, effective April 4; company cites impacts from global events on oil-based commodities, transportation and raw materials
Elite Roofing Supply (03/14)

 Homebuilding

Residential Construction & Real Estate

Approximately 36 million US households in 2022 are estimated to have incomes at or below the minimum income required to purchase a $150,000 home; nearly 3 million households can afford a home priced above US$1.55M: NAHB
National Association of Home Builders (NAHB) (03/14)

Canada's investment in building construction rose 3.4% to C$19.1B in January, gains reported in all components; residential investment increased 4.1%, with single-family homes up 2.5%, multifamily up 6.0%: Statistics Canada
Statistics Canada (03/14)

Homebuilding

LGI Homes' Summit at Liberty, a 55+ community in Rio Vista, California now selling a new collection of single-family homes; new series by Terrata Homes will range in size from 1,912 sq. ft. to over 2,300 sq. ft. with up to three bedrooms, three bathrooms
LGI Homes Inc. (03/11)

 Home Improvement/Furniture

Remodeling

AIA Home Design Trends Survey highlights emerging trends in kitchen and bathroom design; features that saw accelerated demand last year include working pantries, coffee bars, outdoor kitchens, radiant heated floors and smart appliances
American Institute of Architects (AIA) (03/14)

Home Improvement/Hardware Stores

Schaeffer's Daily Contrarian names Weyerhaeuser, UFP, West Fraser as best lumber stocks for home improvement, building boom; lumber prices continue rising amid ongoing supply chain issues for framing, increased lumber tariffs, flooding in British Columbia
Schaeffer's Daily Contrarian (03/11)

 Construction/Real Estate

Commercial Construction & Real Estate

Commentary: 30% of US office buildings, worth an estimated US$1.1T, at high risk of becoming obsolete as tenants’ tastes change in hybrid-work era, while another US$1.1T make up 'mediocre middle' with limited upside, says former Goldman Sachs analyst
Registered Rep (03/14)

Construction & Engineering

US construction employment in January increased from December in 27 states, decreased in 19 states and DC, was unchanged in Delaware, Idaho, Nebraska and South Carolina; Illinois lost the most jobs over the month, while Utah added the most: AGC of America
The Associated General Contractors of America (AGC of America) (03/14)

US construction industry has recovered 99% of jobs lost during earlier stages of the pandemic as of February; construction unemployment rate fell to 6.7% in February: Associated Builders and Contractors
Associated Builders and Contractors (03/11)

Interest Rates

Commentary: Russia-Ukraine crisis could take US inflation above 10%, as Fed has 'no good policy options available anymore,' says economist; Goldman Sachs' forecast that Fed will hike rates up to seven times in 2022 is unlikely, and would lead to recession
Business Insider (03/14)

US Fed to raise borrowing rates several times in 2022, starting with a 0.25% increase in the benchmark short-term rate this week; higher borrowing costs should result in lower consumer spending, balance between supply and demand, decrease in inflation
Associated Press (03/14)

 Stock

Latest: Mar, 14 2022

Latest Value Prev Chg YOY Chg
Watchlist
Bluelinx (BXC) 81.78 88.32 -7.40% 108.94%
Boise Cascade Co. (BCC) 75.41 76.70 -1.68% 27.04%
Builders Firstsource (BLDR) 70.01 74.33 -5.81% 49.79%
Canfor Corp. (CFP.CA) 27.19 28.41 -4.29% 2.84%
Home Depot (HD) 318.36 316.79 0.50% 16.57%
Interfor (IFP.CA) 37.09 38.90 -4.65% 36.76%
Lousiana Pacific (LPX) 64.86 66.35 -2.25% 23.71%
Lowes Companies (LOW) 226.51 222.21 1.94% 32.04%
Lumber Liquidators (LL) 15.02 15.10 -0.53% -42.23%
Owens Corning (OC) 90.75 89.80 1.06% 3.11%
Saint-Gobain SA (SGO) :EPA 54.70 53.87 1.54% 12.51%
Trex (TREX) 72.10 74.04 -2.62% -25.02%
West Fraser Timber (WFG) 89.68 93.61 -4.20% 34.25%
West Fraser Timber (WFG.CA) 114.47 119.33 -4.07% 37.83%
Weyerhaeuser (WY) 38.77 39.62 -2.15% 7.96%
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