Last year, the U.S. hardwood industry posted its first year of revenue gains since 2016, buoyed by elevated housing and remodel markets. Gains were driven by a narrower delta versus SPC at the low end that boosted engineered wood revenues, price increases averaging 16% that inflated solid hardwood revenues, product enhancements that drew attention to the category, and, as a hedge against further supply chain constraints, investments (where possible) in inventory, some of which is yet to be sold downstream. Navigating adversities “The biggest issue last year was finding enough people ...
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