Sales declined to a seasonally adjusted annual rate of 4.06 million, while housing inventory fell 1.9% from June.
Comments
Existing U.S. builders posted lower deliveries and prices, while timber manufacturing turned loss-making even as housing volumes rose in Australia and Japan.
Industry curtailments and seasonal demand lift lumber prices, while higher output and lower unit costs improve operations; duty rates remain a risk for the second half.
Lower wood and fixed costs partly offset weaker pulp and paperboard prices, while maintenance shutdowns will reduce third-quarter earnings.
Second-quarter sales rose despite weaker housing starts, while the company expects affordability pressures, volatile pricing and subdued residential construction to continue influencing operations.
Lower housing starts, affordability constraints and commodity deflation reduced second-quarter sales, margins and operating leverage.
Higher lumber prices improved second-quarter operations, while weak pulp demand, elevated inventories and lower pricing increased losses and contributed to mill closures.
The company maintains lumber and panel shipment targets while continuing sawmill optimization, production improvements and capacity consolidation.
Growth in acquisitions and organic volume lifted revenue, while higher transportation costs reduced profitability and the company maintained its 2026 investment plans.
Chicago posts the strongest annual gain among major metropolitan areas, while Las Vegas records the largest decline and home values continue to fall in real terms.
Standing-sale pulpwood prices increased by at least Euro 1 per m3 from May, while June purchase volumes rose from both May and a year earlier.
Higher pulp prices, strong renewable fuel demand and growth in advanced materials supported results, while weak graphic paper demand, high wood costs and geopolitical uncertainty continued to weigh on parts of the business.
The company reviews supplier sourcing plans each year, requires FSC certification and blocks deliveries when suppliers cannot prove compliance with its minimum sourcing standard.
Most products affected by the 50% tariff are sold in Canada, limiting exposure to about 1% of total sales, analysts estimate.
The homebuilder continues tactical pricing and sales pace adjustments as early signs of stabilization emerge in selected U.S. markets.
The 250 million-board-foot mill will stop production on Oct. 16, while limited activities will continue through January 2027.
Mill closures in the U.S. South reduce fiber demand, while data centers and retail land sales continue to create investment opportunities.
High raw-material costs and weak pulp, timber and construction markets continued to pressure prices and profitability.
The industry estimate puts chemical inputs at up to 40% of particleboard costs.
Median existing-home price rose 1.8% year-over-year to $440,600.