Former Metsä Wood executive takes helm as outgoing CEO Marko Saarelainen moves to lead Japanese subsidiary.
木製家居建材
Sales run at a 3.98 million annual pace as inventory rises and the 2026 forecast is lowered.
Residential permits reached $8.1 billion on gains in multi-unit projects, while total building permits fell 8.4% after a sharp drop in non-residential approvals.
Weekly decline of 9 basis points brings rate below previous year's average of 6.62%.
Backed by over $4 million in federal IFIT funding, the Clinton, Ontario, facility will use robotics to produce wooden trusses and reduce waste.
New hire brings M&A expertise from Coca-Cola, including execution of a $13 billion acquisition.
$200 million production target follows Arkansas facility purchase and integration of CoolDeck technology.
Outgoing leader Arto Halonen transitions to senior advisor role after 14 years with the company.
Deal adds two Oklahoma locations to 56-store network as employee-owned company expands ninth-state footprint.
15-year mortgage averages 5.77% as rates climb from previous week but remain below year-ago levels.
Forecast growth is led by infrastructure spending, higher premises investment and a gradual housing-start rebound.
Wooden starts account for 59.6% of February starts, while both total and wooden starts rise from January.
15-year rate rises to 5.75% as both remain below year-ago levels despite weekly increases.
15-year rate averages 5.54% as purchase applications show improvement ahead of spring season.
Office building at Chesterfield County site will use engineered wood to reduce embedded carbon compared with steel and concrete
Gross margin expands to 22.1% despite muted housing activity as price increases offset lower volumes.
New Danville facility supports LP SmartSide siding distribution across four states.
Acquisition adds Euro 45.6 million revenue business to Chadwicks Group as timber frame use reaches 61% in Irish scheme developments.
Higher duty rates through 2025 drive a drop in softwood lumber imports, but sawmill output is unchanged as residential construction demand weakens.
Rates remain 0.54 percentage points below year-ago levels as purchase applications rise.