NEWS

The volume of cabinet sales dropped by more than 13% through June. However, cabinet manufacturers reported an increase in revenue from cabinets of 4.4%. June revenue grew by 4.5% vs. May but is still down by 3% vs. last year.

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Kitchen Cabinet Manufacturers Association: June Trend of Business Report

The value of U.S. imports of multilayered wood flooring grew by 11% last year. In May 2023, the volume of those imports rose 6% from the January to April average, reversing the downward trend from earlier in the year. Year-to-date imports dropped by more than 38% in value, with declines across nearly all sources.

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MLWF imports May 2023 (PDF)

U.S. imports of hardwood plywood rose by 60% in volume in May from the January to April average, but remain down 60% in volume and 67% in value year-to-date through May, after growing by 12% in value last year to $2.1 billion. Among large sources, imports from Vietnam fell the most, down by 79% vs. the same period last year. However, monthly imports from Vietnam and Indonesia grew in April and May, indicating that the downward trend may be reversing.

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The Real American Hardwood Coalition has launched the Build Your World™ advertising campaign in partnership with Magnolia Network. The campaign will promote Real American Hardwood® flooring, cabinetry, furniture, and millwork and is designed to run through January 29, 2024. The campaign will run on the Magnolia Network channel, as well as on Magnolia and Discovery+ digital streaming platforms.

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Decorative Hardwoods Association (formerly HPVA) eNews Volume XVI, Issue XIV: The Impact Of Commerce's Ruling On Hardwood Plywood Circumvention Case | DHA Speaks Out Against Changes To Emissions Standards | Article Claims Forestry Adversely Impacts Climate | U.S. Furniture Industry Shows Continued Growth