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CPA Spring Meeting Highlights

CPA held its annual Spring Meeting last week in Amelia Island, FL, with hundreds of members in attendance. Presentations are available online, and minutes from the Committee and Board of Directors meetings will be available late next week. A few significant highlights from the meeting are included below. CPA Honors Award Recipients at Annual Spring

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U.S. Kitchen and Bath Cabinet Sales Improve Month-over-Month

U.S. kitchen and bath cabinet sales in February were $223.7 million, 5.6% lower than the comparable month last year but up 3.9% from January, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. Year-to-date sales were 438.9 million, dropping 6.1% from the first two months in 2023. Semi-custom sales declined

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U.S. Housing Starts Soften in March

U.S. housing starts in March were at a seasonally adjusted annual rate of 1.3 million, decreasing 14.7% from February and 4.3% lower than the comparable month last year. Single-family starts fell 12.4% to 1.0 million in March. U.S. building permits were at a seasonally adjusted annual rate of 1.5 million, down 4.3% from February but

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Builder Confidence Remains Strong in April

U.S. builder confidence for new single-family homes in April was 51, the same as March, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component that tracks current sales rose one point to 57, while the measurement of sales expectations in the next six months declined two points to

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Decreased Remodeling Spending Predicted Through Q1 2025

The Leading Indicator of Remodeling Activity (LIRA) predicts that remodeling and repair spending will decline 2.6% by the end of Q1 2025 compared to the same quarter of 2024, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Comparatively, the first quarter of 2024 indicated a 1.2% decline

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CPA Spring Meeting Highlights

CPA held its annual Spring Meeting last week in Amelia Island, FL, with hundreds of members in attendance. Presentations are available online, and minutes from the Committee and Board of Directors meetings will be available late next week. A few significant highlights from the meeting are included below. CPA Honors Award Recipients at Annual Spring

Read More »

U.S. Kitchen and Bath Cabinet Sales Improve Month-over-Month

U.S. kitchen and bath cabinet sales in February were $223.7 million, 5.6% lower than the comparable month last year but up 3.9% from January, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. Year-to-date sales were 438.9 million, dropping 6.1% from the first two months in 2023. Semi-custom sales declined

Read More »

U.S. Housing Starts Soften in March

U.S. housing starts in March were at a seasonally adjusted annual rate of 1.3 million, decreasing 14.7% from February and 4.3% lower than the comparable month last year. Single-family starts fell 12.4% to 1.0 million in March. U.S. building permits were at a seasonally adjusted annual rate of 1.5 million, down 4.3% from February but

Read More »

Builder Confidence Remains Strong in April

U.S. builder confidence for new single-family homes in April was 51, the same as March, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component that tracks current sales rose one point to 57, while the measurement of sales expectations in the next six months declined two points to

Read More »

Decreased Remodeling Spending Predicted Through Q1 2025

The Leading Indicator of Remodeling Activity (LIRA) predicts that remodeling and repair spending will decline 2.6% by the end of Q1 2025 compared to the same quarter of 2024, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Comparatively, the first quarter of 2024 indicated a 1.2% decline

Read More »
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