Vietnam halts furniture production, wildfires send lumber prices back up, and more

The worlds of design and athletics collided this week, as Cleveland’s Major League Baseball team took on a new name inspired by the art deco stone landmarks flanking the city’s Hope Memorial Bridge. Stay in the know with our weekly roundup of headlines, launches and events, recommended reading, and more. Business News Salone del Mobile

Lumber prices finally are cooling a bit as lumber mills ramp up production to meet the frenzied demand

Home prices are soaring, pushed higher by a combination of record-low mortgage rates, strong demand from buyers and a lingering lack of new construction. In 2021, a new factor put pressure on home prices: Month after month, lumber prices jumped to new highs. Lumber costs soared more than 30 percent from January through May. However,

Exorbitant lumber, scarce materials hampering U.S. homebuilding

Housing starts rise 3.6% in May; April revised down Single-family starts increase 4.2%; multi-family up 2.4% Building permits fall 3.0%; single-family drop 1.6% Import prices increase 1.1%; up 11.3% year-on-year WASHINGTON, June 16 (Reuters) – U.S. homebuilding rebounded less than expected in May as very expensive lumber and shortages of other materials continued to constrain

Spiking lumber prices affect cost of construction

PEORIA — High lumber prices are causing the cost of building a new home to grow in the Peoria area even as home construction numbers are rebounding, local homebuilders say. “New home prices have been affected by the lumber prices that are driving the prices higher,” said Scott Lewis of Scott Lewis Homes. “The increase of lumber has been

Lumber surge adds new challenge for Louisville homebuilding industry | In-depth

LOUISVILLE, Ky. (WDRB) – Mike Metzkes could sell a lot more new-construction houses – especially in the “entry level” market of $200,000 to $250,000. Demand isn’t his problem. Instead, surging lumber prices and the availability of skilled workers like construction managers leave the Louisville division of Arbor Homes and its local subsidiary Elites Homes throttling