A federal magistrate judge in Florida declined to issue an order seeking to restrain Forestwood Industries Inc. from certifying Brazilian plywood. A motion was filed by a group of nine U.S.-based plywood producers, assembled as U.S. Structural Plywood Integrity Coalition, seeking the order. Forestwood is a New York-based corporation that provides certification services for applicable […]

A recent National Association of Homebuilders (NAHB) analysis of the Census Construction Spending data shows that private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $938.2 billion in May. That’s up 0.2% over the upwardly revised April estimates of $935.9 billion. On a year-over-year basis, total private construction spending was 19% […]

Builder confidence in the market for newly built single-family homes moved two points lower to 77 in April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released earlier this week. It marks the fourth straight month that builder sentiment has declined, as rapidly rising interest rates combined with ongoing […]