News, Updates, & Press Releases

Keep up-to-date on the latest happenings in the woodworking industry. Woodworking Network provides news & updates for the professional woodworking and closets & organized storage industries in North America.

 

Architectural Products

Timberlab acquires American Laminators accelerating mass timber construction

PORTLAND, Ore. —Timberlab Holdings Inc., owner of Timberlab Inc., a national provider of mass timber systems, and Diversified Wood Resources, LLC, doing business as American Laminators, an Oregon-based glue-laminated timber (glulam) manufacturer, have entered into an agreement for Timberlab to acquire the assets of American Laminators and will continue operating their two Oregon-based facilities in Drain and Swisshome beginning June 10, 2024.

Woodworking Industry News

ISM: Economic improvement to continue through 2024

Manufacturing is expected to expand in 2024 at a slower pace than projected in December 2023; revenue is to increase 2.1%; capital expenditures to increase 1%; capacity utilization at 82.8%; services are expected to expand in 2024 at a slightly slower pace than projected in December 2023; revenue to increase 2.9%; capital expenditures to increase 1.4%; capacity utilization at 88.6%.

Woodworking Industry News

NAHB: Higher interest rates keep single-family housing starts flat

WASHINGTON — Single-family starts remained flat in April as interest rates moved above 7% last month and builders were dealing with tighter lending conditions.Overall housing starts increased 5.7% in April to a seasonally adjusted annual rate of 1.36 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.