NEWS

Sales of cabinets have continued to decline. In September, sales volume fell by 13.8% vs. September 2023. Year-to-date through September, the volume of cabinets sold was 5.2% lower than last year and the dollar value of cabinets sold was down by 2.7%.

Read more: September Trend Of Business Report →

Logging—a way of life in Appalachia—is "hanging on by a thread," reported The Wall Street Journal. The story highlighted the decline in the U.S. furniture industry after China's admission to the World Trade Organization and the decline in U.S. lumber exports after China retaliated for tariffs imposed by the Trump administration.

PHOTO © USFS CHRIS WARNER

Decorative Hardwoods Association (formerly HPVA) eNews Volume XVII, Issue XX: EU Cracks Down On China For Dumping Hardwood Plywood | U.S. Imports Of Hardwood Plywood Surge By 24% | Hardwood Industry Fights For Tax Relief

USDA Secretary Tom Vilsack responded to a letter signed by DHA and 54 other forestry associations. The forestry letter urged the USDA to acknowledge the full spectrum of forest products and the benefits of diverse markets, including sawlogs, pulpwood, and biomass.

The Hardwood Federation is fighting to support the hardwood industry and our businesses. Recent comments submitted endorsed the tax package that would restore 100% bonus depreciation of equipment, the depreciation and amortization interest deduction, and the R&D tax credit. The Hardwood Federation also pushed for continued estate tax flexibility and a permanent 20% small business deduction for pass-through entities.