NEWS

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIII, Issue XI: China's Exports Of Plywood & Wood Furniture Plummet | U.S. Hardwood Flooring Imports: Winners & Losers | Chinese Flooring Giant Opens Headquarters In U.S. | U.S. Housing Sector Poised To Lead Economic Recovery

An auction of the Idaho Veneer Company's sawmill, veneer mill, rolling stock, and other buildings will be held June 17-24 in Post Falls, ID.

Resource:

http://murphyauction.com/Auction/Details/8244

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The latest housing indicators - with one key exception - are showing signs of stabilization after the two-month pause due to the pandemic. The housing sector is currently underbuilt, creating pent-up demand and sensitivity to low interest rates. This puts the housing sector in a good position to recover faster than other sectors of the economy.

Resource:

Huali Floors will invest $27 million to build its first U.S. headquarters in Murray County, GA. The company is a leading manufacturer of wood plastic composite flooring, vinyl tiles, and stone plastic composites.

Resources:

U.S. hardwood flooring imports dropped 23% in the first quarter of this year despite an increase of 12% in March. In March, imports from China tumbled 85% to the lowest level in ten years as imports from Malaysia and Indonesia grew by 64% and 145%, respectively.

Resource:

ITTO: Tropical Timber Market Report (PDF)