News & Updates
Housing Starts Decline, But Still Steady
U.S. housing starts were down 8% in June from May to a seasonally adjusted rate of 1.434 million. May’s 1.6 million rated starts had surprised everybody, increasing 20% over April. June single-family starts were at a rate of 935,000, 7% below May, while multi-family starts were 482,000, down 11.6% from May…
Dale Brown Becomes USNR CEO
Wood Technologies International announced that President Dale Brown has been appointed CEO of the company, succeeding Craig Tompkins who now serves as a Strategic Advisor to the Board of Directors of Wood Technologies…
Musser Plans More Byproducts
Musser Biomass and Wood Products, a division of family-owned and operated Musser Lumber Co., will invest $7.5 million and create 10 new jobs to expand its operation at Rural Retreat, Va. The expansion will more than double production of dried hardwood chips and sawdust the company supplies to composite decking…
Sierra Pacific Foundation Grants Scholarships
Sierra Pacific Foundation is awarding more than $521,000 in scholarships to 169 students as they attend colleges, universities, and trade schools during the 2023-2024 school year. “It is both an honor and a privilege for our family to continue to offer this ongoing support for these students,” says Carolyn Emmerson Dietz…
NHLA Receives Forest Service Grant
National Hardwood Lumber Assn. (NHLA) has been awarded a $500,000 matching grant from the USDA Forest Service (FS) Wood Innovations Program to support and expand markets for the U.S. hardwood industry. “We appreciate the USDA Forest Service supporting the hardwood forest industry’s important role in ensuring a sustainable future, healthy forests, and…
Sun Mountain Lumber To Buy R-Y Timber
According to multiple local news outlets, Sun Mountain Lumber has signed a purchase agreement with R-Y Timber. The two lumber mills are 146 miles from each other. Terms of the deal have not been disclosed. Sun Mountain Lumber is owned by Sherm Anderson. While his grandson, Christopher Anderson, is the controller of the company…
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