NEWS

The American Hardwood Export Council has commissioned jurisdiction risk assessments for hardwood products in 33 states. The risk assessments are necessitated by the European Union's deforestation regulation (EUDR), which will impact exports of U.S. wood products to Europe. 

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The U.S. Forest Service will be tasked with amending all land management plans in an attempt to maximize the conservation of old-growth forests. This is despite the volume of feedback from our industry in 2023 that urged regulators to treat old-growth and mature forests in accordance with best practices in forest management.

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PHOTO © USFS

According to House Beautiful, "plywood has been on the rise for years now, and in 2024 it will continue to be a popular choice for cabinetry" and "its pale color is perfect for achieving the Scandi minimalist style that so many of us desire in our homes."

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According to the latest data, 2023 sales of cabinets continued to decline—down by 14% in volume from January to November 2023. November sales were also down by 11% vs. October. 

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The Ways and Means Committee overwhelmingly approved the proposed Tax Relief for American Families and Workers Act. The bipartisan bill would extend credits for research and development, the deduction of interest payments, and bonus depreciation designed to help businesses and increase economic growth. The bill also extends the child and low-income housing tax credits. Costs are offset by ending the COVID-era employee retention tax credit that is plagued by fraud.