New Law Includes Funding For Wood & Other Carbon-Reducing Products

On August 16, President Biden signed the Inflation Reduction Act into law. While a mixed bag for the hardwood industry, the law includes billions of dollars for low‑carbon products like wood.

 

Resource:

Inflation Reduction Act

Read More

Forest Products Sector Opposes Universal Definition Of "Old Growth"

The U.S. Departments of Agriculture and Interior jointly published a notice in the Federal Register seeking public comment on the creation of a "universal definition framework" for old growth and mature forests on federal land. This could set the stage for a federal inventory of old-growth forestland and possible new restrictions on sustainable harvesting practices.

 

Resource:

Read More

DHA eNews - U.S. Imports Of Hardwood Plywood Grow By 37%

Decorative Hardwoods Association (formerly HPVA) eNews Volume XV, Issue XVI: U.S. Imports Of Hardwood Plywood Grow By 37% | New Shifts In Imports Of Wood Flooring | Cabinet Industry Fights Unfair Trade | China's Imports Of Logs, Lumber Plunge By 50% | U.S.

Read More

New Shifts In Imports Of Wood Flooring

U.S. imports of multilayered wood flooring are up by 30% in volume and 32% in value in the first six months of this year vs. the same period last year. Now, Vietnam and Cambodia are the two largest sources of U.S. flooring imports. China has dropped from first to third place.

 

Resource:

Read More

U.S. Imports Of Hardwood Plywood Grow By 37%

Total U.S. imports of hardwood plywood grew by 37% in volume and nearly 77% in value from January through June, as compared to the same period last year. Indonesia is the number one source of U.S. imports, with volume up by nearly 41%. Vietnam was the second largest source, with imports soaring an astounding 93% in volume. Russia is still the third largest source, with volume up by about 2%.

 

Chart © U.S. International Trade Commission
 

Read More