News

Canadian Building Permits Weaken in December

In December 2023, Canadian building permits were down 14.0% to $9.2 billion (CAD) from November and fell 14.5% from the comparable period in 2022. Residential authorizations decreased 17.9% from November and 15.6% from December 2022 to $5.7 billion. Single-family totals reached $2.9 billion, increasing 0.8% from November and were 1.2% higher than the prior year. Multi-family levels

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Spring Meeting Registration Continues; Exhibit Opportunities Available

Meeting registration continues for CPA’s 2024 Spring Meeting, April 7-9 (departure on the 10th), at the Omni Amelia Island Resort in Amelia Island, FL. The discounted room rate is available through March 7 or until the room block is full, whichever comes first. The Omni is a scenic, oceanfront resort 35 miles from Jacksonville Airport

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CPA Offers QC Lab Training Next Month

CPA’s International Testing Center (ITC) will host a 1.5-day training for Quality Control (QC) laboratory personnel at its facility in Leesburg, VA, from March 11-12. Conducted by CPA laboratory staff, participants will learn calibration curve preparation and other essentials to formaldehyde emissions analysis. The training is designed for both new and seasoned QC technicians. More

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CPA Welcomes New Associate Member

The CPA Board of Directors recently voted to approve the following Associate Member. TAG America Inc. is a subsidiary of TAG Chemicals GmbH, headquartered in Germany. The U.S. division, based in Virginia Beach, VA, produces specialty chemicals, including release agents for the composite panel and paper impregnation industries. The primary member representative is Jason Sparrow,

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Consumer Confidence Highest in Two Years

U.S. consumer confidence in January was 114.8, increasing 6.8 points from the previous month and the highest since December 2021, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions grew 14.1 points to 161.3 in January. The short-term outlook index for the income, business, and labor markets rose 1.9

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December Construction Spending Up

U.S. construction spending in December 2023 was estimated at a seasonally adjusted annual rate of $2.1 trillion, growing 0.9% from November 2023 and 13.9% higher than December 2022. Construction spending for the year increased 7.0% to $2.0 trillion over 2022. Private construction spending was $1.6 trillion, climbing 0.7% from November 2023. Residential totals were $911.7

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U.S. Furniture Orders Increase

U.S. residential furniture factory orders in November 2023 were $2.4 billion, up 26.0% from the comparable month in 2022 and 3.7% higher than in October. Year-to-date orders rose to $25.3 billion, a 3.7% increase from the first eleven months of 2022. Furniture shipments dropped 16.0% from November 2022 to $2.1 billion and fell 7.3% from

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January U.S. Manufacturing Index Starts Year Strong

The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) was 50.7 in January, increasing 2.8 points from December 2023 and marking the most progress in over a year. Manufacturers reported growth in new orders and employment. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and

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Canada’s Manufacturing Demand Remains Low in January

The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) in January was 48.3, up 2.9 points from December 2023 but still below the 50.0 no-change reading. Manufacturers reported slowed market demand due to increased market prices.­ The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and

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Q4 Canadian Hotel Construction Projects Expand

Canadian hotel construction projects in Q4 2023 rose 10% from Q4 2022 to 294, representing 38,396 rooms. Projects under construction increased 27% from the comparable period in 2022 to 66, with 36% more rooms at 8,998. Projects planned for the next 12 months were at 85 or 9,810 rooms anticipated. Construction in the early planning

Read More »

Canadian Building Permits Weaken in December

In December 2023, Canadian building permits were down 14.0% to $9.2 billion (CAD) from November and fell 14.5% from the comparable period in 2022. Residential authorizations decreased 17.9% from November and 15.6% from December 2022 to $5.7 billion. Single-family totals reached $2.9 billion, increasing 0.8% from November and were 1.2% higher than the prior year. Multi-family levels

Read More »

Spring Meeting Registration Continues; Exhibit Opportunities Available

Meeting registration continues for CPA’s 2024 Spring Meeting, April 7-9 (departure on the 10th), at the Omni Amelia Island Resort in Amelia Island, FL. The discounted room rate is available through March 7 or until the room block is full, whichever comes first. The Omni is a scenic, oceanfront resort 35 miles from Jacksonville Airport

Read More »

CPA Offers QC Lab Training Next Month

CPA’s International Testing Center (ITC) will host a 1.5-day training for Quality Control (QC) laboratory personnel at its facility in Leesburg, VA, from March 11-12. Conducted by CPA laboratory staff, participants will learn calibration curve preparation and other essentials to formaldehyde emissions analysis. The training is designed for both new and seasoned QC technicians. More

Read More »

CPA Welcomes New Associate Member

The CPA Board of Directors recently voted to approve the following Associate Member. TAG America Inc. is a subsidiary of TAG Chemicals GmbH, headquartered in Germany. The U.S. division, based in Virginia Beach, VA, produces specialty chemicals, including release agents for the composite panel and paper impregnation industries. The primary member representative is Jason Sparrow,

Read More »

Consumer Confidence Highest in Two Years

U.S. consumer confidence in January was 114.8, increasing 6.8 points from the previous month and the highest since December 2021, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions grew 14.1 points to 161.3 in January. The short-term outlook index for the income, business, and labor markets rose 1.9

Read More »

December Construction Spending Up

U.S. construction spending in December 2023 was estimated at a seasonally adjusted annual rate of $2.1 trillion, growing 0.9% from November 2023 and 13.9% higher than December 2022. Construction spending for the year increased 7.0% to $2.0 trillion over 2022. Private construction spending was $1.6 trillion, climbing 0.7% from November 2023. Residential totals were $911.7

Read More »

U.S. Furniture Orders Increase

U.S. residential furniture factory orders in November 2023 were $2.4 billion, up 26.0% from the comparable month in 2022 and 3.7% higher than in October. Year-to-date orders rose to $25.3 billion, a 3.7% increase from the first eleven months of 2022. Furniture shipments dropped 16.0% from November 2022 to $2.1 billion and fell 7.3% from

Read More »

January U.S. Manufacturing Index Starts Year Strong

The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) was 50.7 in January, increasing 2.8 points from December 2023 and marking the most progress in over a year. Manufacturers reported growth in new orders and employment. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and

Read More »

Canada’s Manufacturing Demand Remains Low in January

The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) in January was 48.3, up 2.9 points from December 2023 but still below the 50.0 no-change reading. Manufacturers reported slowed market demand due to increased market prices.­ The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and

Read More »

Q4 Canadian Hotel Construction Projects Expand

Canadian hotel construction projects in Q4 2023 rose 10% from Q4 2022 to 294, representing 38,396 rooms. Projects under construction increased 27% from the comparable period in 2022 to 66, with 36% more rooms at 8,998. Projects planned for the next 12 months were at 85 or 9,810 rooms anticipated. Construction in the early planning

Read More »
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