Survey Cites Biggest Wood Flooring Threats
A wide ranging survey recently undertaken by the National Wood Flooring Assn. looked at the impact of the viral pandemic on the flooring industry and the outlook for 2021. Asked about the biggest long-term threat to real wood products, 38% of association members cited luxury vinyl tile (LVT) as the biggest challenge, followed by wood-plastic composites (WPC) noted by 26%. On another question, 57% of respondents said “wood-look” products have had a negative effect on real wood product sales. Looking ahead at in-demand product types for 2021, 58% said wide plank flooring, 55% picked engineered products, 46% said factory finished flooring and 45% said long board flooring would have good demand next year.
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Katerra Raises $865 Million As It Redefines The Construction Industry
Katerra, a technology company redefining the construction industry, recently announced an $865 million Series D funding round led by the SoftBank Vision Fund. The financing will be used to fund Katerra’s continued manufacturing expansion and…
Forest Products Manufacturers Applaud EPA Permit Streamlining
American Forest & Paper Association President and CEO Donna Harman and American Wood Council President and CEO Robert Glowinski issued the following statement regarding the Environmental Protection Agency’s (EPA) issuance of new guidance to reclassify…
Rise Of Mass Timber Buildings Showcase Its Increasing Credibility
New mass timber products are becoming more widespread and encouraging builders, designers, and engineers to search for the best applications for mass timber initiatives. A few of the mass timber building products available today include:…
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