Daniels-Olsen/Metro Hardwoods

10/23/2024

https://www.msn.com/en-us/money/realestate/existing-home-sales-plunge-to-14-year-low-amid-stubbornly-high-prices/ar-AA1sNTmB?ocid=msedgdhp&pc=LCTS&cvid=af1cec9e496a47698ce029b70a28bc46&ei=27

U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices.

08/30/2024

Daniels-Olsen will be closed on Monday September 2nd for Labor day.
Have a safe and happy Labor day weekend!

08/21/2024

https://www.iwfatlanta.com/industry-trends/home-depots-lower-forecast-sets-stage-for-25-first-half/?utm_medium=IWFNN&utm_source=IWF&utm_campaign=I2416

Home Depot has been one of the best performing retailers in the home improvement space but it sees a slower return for its business. No retailer has been a better performer or been more indicative of the remodeling and home improvement sector than Home Depot so when it reduces its forecast for its u...

08/15/2024

https://www.woodworkingnetwork.com/cabinets/overall-cabinet-sales-drop-june-kcma-report

Cabinet manufacturers reported overall cabinet sales of were down 1.2% for June 2024 compared to the same month in 2023. Gains only in semi-custom.

07/01/2024

Wishing You All A Safe and Happy 4th of July!
Daniels-Olsen will be closed on the 4th and 5th of July to celebrate with our families.

06/04/2024

https://www.woodworkingnetwork.com/news/woodworking-industry-news/senators-demand-forest-service-increase-black-hills-timber-supply

A quartet of U.S. senators last week sent a letter to U.S. Forest Service Chief Randy Moore demanding steps be taken to open more of the Black Hills National Forest for timber harvesting.

05/24/2024

https://www.msn.com/en-us/money/markets/sudden-container-crunch-sends-ocean-freight-rates-soaring-setting-off-global-trade-alarm-bells/ar-BB1mVZo6?ocid=msedgntp&pc=LCTS&cvid=26a6f9264cf2428f9dedbaf541bd2ce1&ei=131

Ocean freight spot rates are experiencing a sudden, surprise spike as a container crunch in peak shipping season roils global trade and could hit the consumer.

05/24/2024

Mortgage rates that averaged above 7% since mid-April per Freddie Mac data acted as a drag on new home sales last month, according to a new National Association of Home BuildersSales of newly built, single-family homes in April fell 4.7% to a 634,000 seasonally adjusted annual rate from a downwardly...

05/08/2024

Cabinet manufacturers reported overall cabinet sales were down 9.7% for March compared to the same period a year ago, with all three segments reporting declines, according to KCMA's March Trend of Business report. Month-over-month however, has all segments showing gains.

04/10/2024

https://www.iwfatlanta.com/industry-trends/baltimore-bridge-collapse-could-impact-plywood-and-veneer-shipments/?utm_medium=IWFNN&utm_source=IWF&utm_campaign=I247

While many consumer and industrial products are being affected by the tragedy, key wood products could be impacted the most. The late-March collapse of the Francis Scott Key Bridge in Baltimore harbor after it was struck by a giant container ship is only the latest in a series of supply chain issues...

03/27/2024

https://www.iwfatlanta.com/industry-trends/multiple-signs-point-to-good-news-for-housing-market/?utm_medium=IWFNN&utm_source=IWF&utm_campaign=I246

We’re still not back to the good old days in the housing business but a number of indicators are presenting good news going forward. It’s been a tough stretch for the housing business—and the people who build houses—but recent news from several directions suggests things are continuing to lo...

03/26/2024

https://www.woodworkingnetwork.com/news/woodworking-industry-news/new-home-sales-hold-steady

The NAHB said that sales of newly built, single-family homes in February edged 0.3% lower to a 662,000 seasonally adjusted annual rate. The pace of new home sales in February is up 5.9% from a year earlier.