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 Industry Roundup |
Lumber
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Longdong University in Qingyang, China, seeks patent for wood processing robot; robot comprises a supporting bed with supporting mechanisms, and position of logs can be adjusted
Electronics Patent News (09/15)
RBC highlights Western Forest Products' diversified exposures, with big part of sales in appearance grade and specialty products, made to international markets; this may help insulate it from lower commodity lumber prices, North American housing slowdown
RBC Capital Markets LLC (09/15)
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Oriented Strand Board (OSB)
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RBC highlights wood products news for the week (Sept. 11): Lumber and OSB prices decline; San Group announces US$23M expansion of San Forest Products and Acorn Sawmill, expects expansion projects to begin Q4 and continue into 2023
RBC Capital Markets LLC (09/15)
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Engineered Wood Products (EWP)
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UK specialist timber and building products group Donaldson appoints Graham Johnston as CEO of its Retail and Distribution division; move is part of group's new three-division structure, the other two being Offsite and Interiors
James Donaldson & Sons Ltd. (09/14)
Lunacomp to merge into Finland's Lunawood effective Oct. 1, to simplify group’s structure, reduce administration; move also enables development of Lunawood Thermowood Composite as a part of Lunawood brand
Oy Lunawood Ltd. (09/14)
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Flooring
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Florida-based Tibbetts Lumber to acquire single-location, Pensacola-based roof and floor truss manufacturer D & M Truss; acquisition will allow for multi-location Tibbetts' further growth into Florida’s panhandle, Alabama, Mississippi
Linked In (09/15)
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Decking/Fencing
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Weyerhaeuser Distribution expands AZEK and TimberTech portfolio offerings to three new markets: Atlanta, Jacksonville, Florida, and Charlotte, North Carolina
U.S. Regulated Equity Markets (Alternative Disclosure) via PUBT (09/14)
Fiberon launches new website that includes e-commerce capabilities and enhanced user experience with a focus on outdoor living and consumer education; content leads with most sought-after information, and there is comprehensive detail on each product
Business Wire (09/13)
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Cement/Concrete
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UK's Quilter Investors launches timber strategy to focus on companies supporting sustainable forestry and producing wood-based materials; Pictet-managed fund will also focus on companies that provide biodegradable substitutes to plastics, concrete, steel
Quilter plc (09/13)
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Steel/Iron
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WoodMac: Decarbonizing global steel/iron ore industry by 2050 will require US$1.4T of investment, which includes US$200B-US$250B investment in carbon offset measures; industry will need to capture and store 470 million tonnes of carbon to hit 2050 target
Wood Mackenzie (09/15)
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Wood Construction
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British Columbia opens third intake of Mass Timber Demonstration Program; C$2M of new investment adds to C$5.4M already invested to support 12 mass timber building projects, four research projects
Government of British Columbia (09/13)
Architect of the Black and White Building being built in London from LVL and CLT is known for wood buildings; on post-Grenfell fears over combustibility, he notes building codes recognize mass timber chars rather than burns, and that protects the wood
Treehugger (09/13)
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Building & Construction Use
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HP launches SitePrint, a robotic solution for printing complex construction site layouts with pinpoint accuracy, in 'a fraction of the time' it takes manually; technology uses cloud to manage projects, portfolio of inks for various surfaces, environments
HP Inc. (09/15)
Solmax's TenCate Geosynthetics installs Pure Loop PP shredder-extruder at Linz, Austria, facility to increase recycled nonwoven content in its geotextiles; company produces up to 10% rPP construction textiles used for barriers, screens, road building
Industry Intelligence Inc. (09/14)
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Building Products & Wood
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RP Lumber acquires Southwest Builder Supply in Mount Ayr, Iowa; SBS becomes the family-owned hardware and building materials retailer's 84th location and its fifth in Iowa
The Telegraph (09/15)
Bitus, part of Berg Timber's wood protection product area and one of Europe's leading producers of impregnated wood products, to close Broakulla, Sweden, facility by early 2023; production will be concentrated at Nybro and Fagelfors
Bergs Timber AB (09/15)
Funding of US$2.5M from US Forest Service Wood Innovations Grant and Community Wood Grant programs will help four Maine businesses invest in high-demand forest products including CLT, new pine resources, wood biomass fuels
Congressional Documents & Publications (09/15)
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Homebuilding
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Residential Construction & Real Estate
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Natixis expects inflation to decline 'a lot faster than people think,' noting rent was chief culprit in CPI report, climbing 6.7% in August; rent hikes should moderate over next few months, as rent follows home prices, and home prices have largely peaked
USA Today Online (09/15)
Canadian home sales activity projected to decrease 14.7% year-over-year to 568,288 units in 2022; national sales forecast at 552,403 units in 2023, a decrease of 2.8% from 2022: CREA
Canadian Real Estate Association (CREA) (09/15)
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Multifamily Real Estate
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Canada's investment in building construction rose 0.8% to C$21.0B in July as residential sector increased 1.0% to C$15.7B, non-residential sector up 0.1% to C$5.3B; investment in single-family homes rose 0.3%, multifamily up 1.8%: Statistics Canada
Statistics Canada (09/13)
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Homebuilding
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Median lot values for single-family detached homes started in 2021 at US$55,000, six out of nine division values set new records; New England and Pacific divisions increased 67% and 39%, respectively: NAHB
National Association of Home Builders (NAHB) (09/14)
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Housing Affordability
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Goldman Sachs expects rents to rise 0.6%-0.7% month-to-month for next several months, peak around 7% year-over-year later in 2022; analysts attribute rising rents to high demand as homebuyers are priced out amid rising rates and home prices, low inventory
USA Today Online (09/13)
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Construction/Real Estate
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Commercial Construction & Real Estate
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University of Miami Health System breaks ground on seven-story, 363,000 square-foot specialty care center in North Miami, Florida, to open in 2025; facility will include 10 operating rooms, 110 exam rooms, 33 clinical treatment units for cancer patients
States News Service (09/15)
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Industrial Construction/Real Estate
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Amazon looks to add new data center in southern Dallas following purchase of vacant property, per plans filed with state; project to build the nearly 30,000-sq-ft center is scheduled to start early next year, complete in 2024
Dallas Morning News (09/15)
4 Gen Logistics to deploy 41 Volvo VNR electric trucks to service Port of Long Beach and Southern California’s national logistics, warehousing hub Inland Empire; company has secured over four acres from Port to build, operate charging infrastructure
Contify Automotive News (09/14)
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Construction & Engineering
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Reports Outline Civil Engineering Study Findings from Donghua University (Differential Analysis and Prediction Optimization of Ground Surface Settlement Induced by Quasi-Rectangular Shield and Pipe Jacking Tunnelling)
Engineering Daily News (09/14)
US producer price index for inputs to new nonresidential construction fell 1.1% in August, up 13.0% annually; 82% of firms reported project delays due to longer lead times, materials shortages, 66% reported delays due to employee shortages: AGC of America
The Associated General Contractors of America (AGC of America) (09/14)
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Mortgages/Home Financing
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US 30-year fixed-rate mortgage averaged 6.02% as of Sep. 15, up from 5.89% last week; 30-year FRM averaged 2.86% a year ago: Freddie Mac
Federal Home Loan Mortgage Corp. (Freddie Mac) (09/15)
US mortgage applications decreased 1.2% in week ended Sep. 9 from one week earlier; Refinance Index decreased 4.0%, Purchase Index increased 0.2%: Mortgage Bankers Assn
Mortgage Bankers Association (09/14)
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Interest Rates
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JPMorgan: US dollar won't peak until interest rates stabilize worldwide and global recession fears subside, which seems unlikely near-term as Europe, China face growth slumps; strong dollar spells trouble for US stocks, is a headwind to corporate earning
Business Insider (09/15)
Commentary: Years of 0% interest rates in US has damaged economy, creating speculative bubbles like bitcoin and certain hedge funds, says 'Black Swan' author Nassim Taleb; cryptocurrency is 'contagious disease' and 'obsolete product of low interest rates'
Business Insider (09/15)
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Stock
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Latest: Sep, 15 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Home Improvement/Furniture |
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Home Depot (HD)
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271.54
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276.34
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-1.74%
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-18.55%
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Lowes Companies (LOW)
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191.04
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192.39
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-0.70%
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-7.09%
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| Watchlist |
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Bluelinx (BXC)
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63.82
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62.33
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2.39%
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25.83%
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Boise Cascade Co. (BCC)
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59.08
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58.97
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0.19%
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8.09%
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Builders Firstsource (BLDR)
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55.30
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55.22
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0.14%
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4.10%
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Canfor Corp. (CFP.CA)
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23.20
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23.91
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-2.97%
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-11.28%
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Interfor (IFP.CA)
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29.79
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31.12
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-4.27%
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9.04%
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Lousiana Pacific (LPX)
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53.11
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53.15
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-0.08%
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-12.66%
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Lumber Liquidators (LL)
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7.34
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7.48
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-1.87%
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-61.53%
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Owens Corning (OC)
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83.61
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83.61
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0.00%
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-11.60%
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Saint-Gobain SA (SGO) :EPA
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40.81
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41.77
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-2.31%
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-33.39%
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Trex (TREX)
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45.99
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46.08
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-0.20%
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-57.45%
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West Fraser Timber (WFG)
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81.76
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85.34
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-4.19%
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4.59%
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West Fraser Timber (WFG.CA)
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108.43
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111.95
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-3.14%
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10.18%
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Weyerhaeuser (WY)
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31.33
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31.68
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-1.10%
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-10.59%
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Wood & Building Products
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