New Digital Marketplace For Lumber
MaterialsXchange announced on February 6th the launch of its new e-commerce platform. The updated marketplace, available at materialsxchange.com, offers a streamlined ordering process where suppliers can list products either as an “ask” or a “bid” and buyers can receive alerts or order products directly. The technology is designed to make the process for buying or selling wholesale and large-order LBM easier and more efficient – with live, real-time order tracking and pricing transparency.
Industry Trends & Projections:
Wood Components & Industrial Products
With the integral role they have in cabinetry, furniture, and other wood products, the market outlook for wood components and industrial products remains relatively positive, despite economic concerns and the continuing supply chain issues.
Cabinets & Countertops
Changing economic conditions are resulting in a slowdown in kitchen and bath cabinet demand. Most of the growth had been set to come from new construction, with year-over-year gains forecast at 21%.
Windows & Doors
Global demand for residential windows and doors is forecast to rise 3.1% per year through 2025, to $130 billion, according to The Freedonia Group’s Global Residential Windows & Doors study. Going forward, market advances will be supported by growth in residential construction, increases in average home sizes, rising income levels, and a rising emphasis on energy-efficient products.
