In 2023, timber framing accounted for 93% of new single-family homes in the U.S., despite rising material costs and trade uncertainties.

Sumitomo Forestry completes acquisition of Teal Jones Louisiana Holdings, unveiling plans for a US timber industrial complex to aim for sustainable wood.

Sumitomo Forestry Co. acquired Teal Jones Louisiana Holdings and plans to launch a U.S. timber industrial complex, focusing on mass timber, sustainable wood utilization, and zero waste. The move strengthens its U.S. operations in residential construction and biomass energy.