NEWS

The Federal Reserve Board reports that wood products manufacturing has increased by 5% year-over-year through the first quarter of 2021 as manufacturers continue to respond to high demand. Note that the number of single-family housing permits issued was almost 17% higher than last year - and, over the last eight months, home builder confidence has consistently scored above 80 on the NAHB/Wells Fargo Housing Market Index (anything above 50 is considered positive).

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue VIII: CHPVA Appeals CITT Decision On Chinese Plywood | Commerce Begins Review Of Chinese-Made Cabinets | Plywood Loses Significant Market Share In EU | Wood Production Hits 13-Year High, But Lumber Prices Are Still Up 171%

QUIZ: The oldest veneer was cut from which species of tree?

Answer: Ebony was used by the ancient Egyptians.

In 2020, EU and UK imports of plywood fell 6% to 4.28 million cubic meters. This followed a decline of 5% in 2019. However, the total volume of imports of plywood in 2020 still resulted in the fourth strongest year in the last two decades.

Resource:

Fordaq: Significant loss of market share for tropical hardwood plywood in EU

The U.S. Department of Commerce is reviewing Chinese-made cabinets and vanities shipped to the U.S. between October 9, 2019 and March 31, 2021. Interested parties must request a review before the end of April.

Resources: