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U.S. Furniture Sales Continue to Rise in December

U.S. residential furniture factory orders in December 2020 rose 27% above the comparable month in 2019 with nearly 84% of manufacturers reporting increases, according to a recent survey of manufacturers and distributors. A strong December helped annual orders top 2019 by 15%. Furniture shipments were up 5% over December 2019 but ended 2020 6% lower

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Canadian Manufacturing Down in November

Seasonally adjusted Canadian wood product sales in November 2020 were $3.32 billion (CAD), decreasing 4.1% from October but jumping 42.1% from the comparable month in 2019. Sales of furniture and related products totaled $997 million, rising 3.2% from October but were 5.9% lower than November 2019. Canadian manufacturing sales for all industries fell slightly 0.6%

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U.S. Architectural Billings Fall in November

The Architecture Billings Index (ABI) in November decreased 1.2 points to 46.3, according to The American Institute of Architects (AIA) Economics & Market Research Group. Design contracts fell out of positive territory, dropping 3.1 points from September to 48.6. Inquiries rose again but were significantly off pace from the last two months. November billings decreased

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U.S. Construction Up in October

U.S. construction spending in October was estimated at a seasonally adjusted annual rate of $1.44 trillion, rising 1.3% from September and up 3.7% from the year-ago period.  Year-to-date spending grew 4.3% from the first ten months of 2019 to $1.19 billion. Private construction spending increased 1.4% from September to a seasonally adjusted annual rate of

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Kitchen and Bath Market Index Jumps in Q3

The Kitchen & Bath Market Index (KBMI), produced jointly by the National Kitchen & Bath Association (NKBA) and John Burns Real Estate Consulting, grew 17.7 points from the second quarter to 61.9 in the third quarter. The index measuring current conditions was 56.5, skyrocketing 25.2 points from Q3. The indicator measuring future conditions was even

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U.S. Initiates Inquiry on Hardwood Plywood Imports from Vietnam

The U.S. Department of Commerce announced this week that it has initiated an inquiry into whether Vietnamese imports of hardwood plywood that use components from China are circumventing the existing antidumping and countervailing duties for Chinese hardwood plywood.  Should Commerce preliminarily determine that Vietnamese plywood is circumventing the existing duties, then U.S. Customs and Border

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Greenbuild Conference & Expo to Go Virtual

Greenbuild International Conference & Expo 2020, originally scheduled for November 10-12 in San Diego, has been converted to an all-virtual format. CPA was scheduled to participate as an exhibitor and is evaluating participation options for the virtual version. See Greenbuild

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U.S. Manufacturing Shipments Decrease in April

Total seasonally adjusted shipments for all U.S. manufacturing industries in April shrunk 13.5% from March to $406.8 billion. U.S. wood product manufacturing shipments totaled $8.3 billion, down 0.9% from March. April shipments of furniture and related products decreased 8.7% to $6.0 billion. New orders for all U.S. manufacturing fell 13.0% from March to $384.3 billion. 

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U.S. Furniture Sales Continue to Rise in December

U.S. residential furniture factory orders in December 2020 rose 27% above the comparable month in 2019 with nearly 84% of manufacturers reporting increases, according to a recent survey of manufacturers and distributors. A strong December helped annual orders top 2019 by 15%. Furniture shipments were up 5% over December 2019 but ended 2020 6% lower

Read More »

Canadian Manufacturing Down in November

Seasonally adjusted Canadian wood product sales in November 2020 were $3.32 billion (CAD), decreasing 4.1% from October but jumping 42.1% from the comparable month in 2019. Sales of furniture and related products totaled $997 million, rising 3.2% from October but were 5.9% lower than November 2019. Canadian manufacturing sales for all industries fell slightly 0.6%

Read More »

U.S. Architectural Billings Fall in November

The Architecture Billings Index (ABI) in November decreased 1.2 points to 46.3, according to The American Institute of Architects (AIA) Economics & Market Research Group. Design contracts fell out of positive territory, dropping 3.1 points from September to 48.6. Inquiries rose again but were significantly off pace from the last two months. November billings decreased

Read More »

U.S. Construction Up in October

U.S. construction spending in October was estimated at a seasonally adjusted annual rate of $1.44 trillion, rising 1.3% from September and up 3.7% from the year-ago period.  Year-to-date spending grew 4.3% from the first ten months of 2019 to $1.19 billion. Private construction spending increased 1.4% from September to a seasonally adjusted annual rate of

Read More »

Kitchen and Bath Market Index Jumps in Q3

The Kitchen & Bath Market Index (KBMI), produced jointly by the National Kitchen & Bath Association (NKBA) and John Burns Real Estate Consulting, grew 17.7 points from the second quarter to 61.9 in the third quarter. The index measuring current conditions was 56.5, skyrocketing 25.2 points from Q3. The indicator measuring future conditions was even

Read More »

U.S. Initiates Inquiry on Hardwood Plywood Imports from Vietnam

The U.S. Department of Commerce announced this week that it has initiated an inquiry into whether Vietnamese imports of hardwood plywood that use components from China are circumventing the existing antidumping and countervailing duties for Chinese hardwood plywood.  Should Commerce preliminarily determine that Vietnamese plywood is circumventing the existing duties, then U.S. Customs and Border

Read More »

Greenbuild Conference & Expo to Go Virtual

Greenbuild International Conference & Expo 2020, originally scheduled for November 10-12 in San Diego, has been converted to an all-virtual format. CPA was scheduled to participate as an exhibitor and is evaluating participation options for the virtual version. See Greenbuild

Read More »

U.S. Manufacturing Shipments Decrease in April

Total seasonally adjusted shipments for all U.S. manufacturing industries in April shrunk 13.5% from March to $406.8 billion. U.S. wood product manufacturing shipments totaled $8.3 billion, down 0.9% from March. April shipments of furniture and related products decreased 8.7% to $6.0 billion. New orders for all U.S. manufacturing fell 13.0% from March to $384.3 billion. 

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