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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


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)


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)


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)


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)


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)


Latest: Jun, 06 2022

Latest Value Prev Chg YOY Chg
Home Improvement/Furniture
Lowes Companies (LOW) 196.77 195.45 0.68% 3.61%
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%