Timber construction
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UK’s Travis Perkins warns of challenging 2023
Travis Perkins, Britain's biggest supplier of building materials, warned of a challenging 2023 as housebuilders slow down projects and home-owners delay improvements due to the country's gloomy economic outlook. Travis Perkins, which sells bricks, timber and new kitchens, as well as equipment for large construction projects, said adjusted operating profit fell 16% last year to 295 million pounds ($355 million), behind a consensus forecast of 320 million pounds. The miss was blamed on restructuring costs from closing 20 smaller branches out of the group's 1,500, which Chief Financial Officer Alan Williams said was part of Travis Perkin's plan to prepare for a tougher year. Shares in the 200-year old group fell 5% to 993 pence in early trading. Britain's overall construction market is expected to shrink about 5% to 7% this year in volume terms, and Travis Perkins said this... Continue reading
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March 3, 2023
UK’s Travis Perkins warns of challenging 2023
Travis Perkins, Britain's biggest supplier of building materials, warned of a challenging 2023 as housebuilders slow down projects and home-owners delay improvements due to the country's gloomy economic outlook. Travis Perkins, which sells bricks, timber and new kitchens, as well as equipment for large construction projects, said adjusted operating profit fell 16% last year to 295 million pounds ($355 million), behind a consensus forecast of 320 million pounds. The miss was blamed on restructuring costs from closing 20 smaller branches out of the group's 1,500, which Chief Financial Officer Alan Williams said was part of Travis Perkin's plan to prepare for a tougher year. Shares in the 200-year old group fell 5% to 993 pence in early trading. Britain's overall construction market is expected to shrink about 5% to 7% this year in volume terms, and Travis Perkins said this... Continue reading
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January 10, 2018
Rising US housing starts predicted this year
The newly enacted US tax law will create a more favorable tax climate for the business community, which should spur job and economic growth and keep single-family housing production on a gradual upward trajectory in 2018. According to economists speaking at the NAHB International Builders' Show in Orlando, Fla., on the 9th of Junary, builders will continue to deal with ongoing supply-side headwinds this year that will dampen more robust growth. . "We expect that tax reform will boost GDP growth to 2.6 per cent in 2018, and this added economic activity will also bode well for housing, although there will be some transition effects in high-tax jurisdictions," said NAHB chief economist Robert Dietz. "Ongoing job creation, expected wage increases and tight existing home inventory will also boost the housing market in the year ahead." These factors include an increasing... Continue reading
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February 28, 2023
Middle East: Boom in construction sector to fuel demand for wood products
The boom in the Middle East construction and building sectors is fueling the growth of the wood and woodworking machinery industries as they benefit from the increased demand for sustainable products (wood, timber, and wood products) and technologies. Dubai Wood Show will run from March 7 to 9 at the Dubai World Trade Centre. In its upcoming 19th edition, the expo is set to unveil a completely new event format. According to the organizers, Dubai WoodShow is gearing up to make a strong comeback as the industry is on a positive growth curve following the rise in the construction industry in the Mena region and, more specifically, in the UAE. This, as the ongoing construction projects in the region give a boost to the wood and woodworking machinery industry, they stated. According to the “UAE Construction Market (2022-2027)” report, the sector is expected to reach a value of... Continue reading
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January 27, 2017
Chinese timber market expected to continue growth in 2017
The domestic timber market in China will continue to grow once with the commercial real estate boom in 2017 and the increasing timber demand.... Continue reading
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March 3, 2023
UK’s Travis Perkins warns of challenging 2023
Travis Perkins, Britain's biggest supplier of building materials, warned of a challenging 2023 as housebuilders slow down projects and home-owners delay improvements due to the country's gloomy economic outlook. Travis Perkins, which sells bricks, timber and new kitchens, as well as equipment for large construction projects, said adjusted operating profit fell 16% last year to 295 million pounds ($355 million), behind a consensus forecast of 320 million pounds. The miss was blamed on restructuring costs from closing 20 smaller branches out of the group's 1,500, which Chief Financial Officer Alan Williams said was part of Travis Perkin's plan to prepare for a tougher year. Shares in the 200-year old group fell 5% to 993 pence in early trading. Britain's overall construction market is expected to shrink about 5% to 7% this year in volume terms, and Travis Perkins said this... Continue reading