Capitalizing on unique off-market opportunity to further enhance Southern Timberlands portfolio with highly productive and strategically located acreage Weyerhaeuser Company announced an agreement to acquire approximately 117,000 acres of high-quality timberlands in North Carolina and Virginia from Roanoke Timberlands LLC, a subsidiary of Roseburg Forest Products, for $375 million. Comprised of mature, highly productive timberlands, the acreage will be well-integrated with […]
U.S. Lumber Coalition and American Loggers Council Disappointed by CNBC Inaccurate Reporting on U.S. Softwood Lumber Cost, Import Duties and Housing Affordability
Assertions that lumber price volatility and import duties on lumber are pricing consumers out of the market are false. Lumber accounts for a very small share of the sales price of a newly constructed home, typically 1-2 percent. Enforcing the U.S. trade laws helps ensure that there is a healthy and growing supply of domestically […]
Cavco Industries Reports Fiscal 2025 Fourth Quarter and Year End Results
Net income per diluted share was $4.47 and Adjusted net income (non-GAAP) per diluted share was $5.40 after previously announced non-cash charge Cavco Industries, Inc. announced financial results for the fourth quarter and fiscal year ended March 29, 2025. Quarterly Highlights Full Fiscal Year Highlights Commenting on the results, Bill Boor, President and Chief Executive […]
West Fraser Releases 2024 Sustainability Report
West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) released its 2024 Sustainability Report, Building Together: People and Partnerships. The report highlights the Company’s sustainability performance across a variety of environmental, social, and governance goals and disclosed targets. “Since our founding 70 years ago, West Fraser has recognized our responsibility to the environment and […]
Armstrong World Industries Releases 2025 Sustainability Report, Showcasing Initiatives in Decarbonization, Circularity and Community Impact
Armstrong World Industries, Inc., a leader in the design, innovation and manufacture of interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, announced the release of its fifth annual Sustainability Report. The report highlights strides made in 2024 across AWI’s three sustainability pillars: Healthy and Circular Products, Healthy Planet and Thriving […]
Wiley Files Trade Petitions for U.S. Hardwood and Decorative Plywood Producers, Seeking Relief from Unfair Imports from Indonesia, Vietnam, and China
Wiley, on behalf of the Coalition for Fair Trade in Hardwood Plywood, has filed antidumping (AD) and countervailing duty (CVD) petitions with the U.S. Department of Commerce and the U.S. International Trade Commission, seeking relief from unfair trade practices by Indonesia, Vietnam, and China. These petitions have significant implications for the U.S. economy, in which […]
Graphic Packaging Appoints New Board Member Alessandro Maselli
Graphic Packaging Holding Company, a global leader in sustainable consumer packaging, announced that Alessandro Maselli has joined its Board of Directors. Mr. Maselli is currently president and chief executive officer of Catalent Pharma Solutions and a member of its board. Mr. Maselli has held a range of leadership positions at Catalent over the past fourteen […]
PPG Highlights Continued Progress Toward 2030 Sustainability Targets in Latest Report
PPG announced continued progress against its near-term 2030 sustainability targets, including reducing greenhouse gas (GHG) emissions throughout its own operations and value chain, and continued improvement in sustainably advantaged product sales driven by customer demand. “Sustainability is core to our purpose and a key enabler of our enterprise growth strategy,” said Peter Votruba-Drzal, PPG vice […]
Freddie Mac: 30-Year Fixed-Rate Mortgages Average 6.86%
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.86%. “Mortgage rates inched up this week but continue to remain lower than one year ago. With more inventory for buyers to choose from than the last few years, purchase application activity continues to hold up,” said Sam Khater, […]
NAR: Existing-Home Sales Edged Lower by 0.5% in April
Existing-home sales slid 0.5% in April to a seasonally adjusted annual rate of 4.00 million. Sales retreated 2.0% from one year ago The median existing-home sales price rose 1.8% from April 2024 to $414,000, an all-time high for the month of April and the 22nd consecutive month of year-over-year price increases The inventory of unsold […]