NEWS

For decades, the U.S. has imported a significant amount of the timber it needs. Canada is its largest supplier, providing about 30% of U.S. softwood lumber and oriented strand board (OSB) and 14% of softwood plywood. Experts conducted research to determine whether U.S. federal lands have enough timber to meet the country's needs and identify constraints.  

U.S. imports of hardwood plywood soared by 30% in March. Imports of hardwood flooring and assembled flooring panels both rose by more than 20%. Imports of hardwood moulding grew by 26%.

Read more: US Wood Product Report → 

Stakeholders in the forest products industry stated that new guidance documents for the EU Deforestation Regulation do not relieve its onerous regulatory burdens. "The EU Commission's latest guidance documents neither address severe EUDR compliance challenges that continue to threaten U.S. forest products exports, nor provide any legal compliance certainty. In addition, the Commission’s latest updates appear to disproportionately benefit EU supply chains."

The Financial Times recently reported on the EU Deforestation Regulation (EUDR), emphasizing key concerns of those in the U.S. forest products supply chain and how the flaws in the EUDR make it nearly impossible to comply with the regulation. While the article suggests that the U.S. will be categorized as "low risk," U.S. companies will still be required to comply with fiber geolocation and traceability.

The bipartisan Solid American Hardwood Tax Credit Act would allow individual taxpayers to include solid American-manufactured hardwood products—such as flooring and paneling—as qualified home energy efficiency improvements under the Energy Efficient Home Improvement Credit.

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