Wooden homes account for 59.4% of new housing starts, while first-half housing starts post modest year-over-year growth.
Pazarlama
The homebuilder has contracted for homesites in two Bay County communities, with first-phase development anticipated to begin in 2027.
Higher lumber prices improved second-quarter operations, while weak pulp demand, elevated inventories and lower pricing increased losses and contributed to mill closures.
The company maintains lumber and panel shipment targets while continuing sawmill optimization, production improvements and capacity consolidation.
Sales increase from May, while homes for sale and median selling prices decline and inventory stands at a 9.3-month supply.
The homebuilder reports a 20.7% home sales gross margin and expects mortgage rates and cautious consumer sentiment to keep incentives elevated through the fourth fiscal quarter.
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Apartment construction surged, offsetting weaker single-family activity and lifting total residential starts.
Projects cover wood exports, biocarbon, cellulose nanocrystals, engineered wood production, sawmilling and Indigenous forest management.
Median existing-home price rose 1.8% year-over-year to $440,600.
U.S. Customs and Border Protection will keep collecting cash deposits on covered Chinese wood mouldings and millwork imports.
The companies ended their 20-year cooperation amicably and will complete ongoing projects together.
The company plans closures in Illinois, California and New Jersey and will end preprint work at its Richwood, Kentucky, facility.
Elevated mortgage rates and economic uncertainty weigh on buyer demand as new-home inventory reaches a 10.3-month supply.
May purchases were 27% below the five‑year monthly average; standing-sales sawlog prices rose 1–2% while softwood pulpwood prices fell.
Slower household formation, reduced immigration, weak home sales, and a shortage of low-cost housing are expected to weigh on demand and affordability.
Housing starts ran at a 1.18 million annualized pace in May as multifamily starts dropped; single-family starts were 882,000 units.
Softwood lumber prices remained 5.1% above year-earlier levels, while final-demand producer prices rose 6.4% from a year earlier.
The first operation outside Brazil will use local pine to make finished export goods and will start with 150 employees, rising to more than 400 at full development.
Both non-residential and residential sectors contributed to the monthly decline, with institutional and multi-family components posting the largest losses.