
Second-quarter sales rose despite weaker housing starts, while the company expects affordability pressures, volatile pricing and subdued residential construction to continue influencing operations.

Second-quarter sales rose despite weaker housing starts, while the company expects affordability pressures, volatile pricing and subdued residential construction to continue influencing operations.

Volatile mortgage rates, weather disruptions, and cautious housing demand weigh on results and margins, with the largest pricing and gross-margin pressure in engineered wood products.

Company fined $6.38 million and ordered to implement compliance plan after purchasing more than $30 million in illegally trafficked wood.