News

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Minutes from the Board and Committee meetings held recently at the CPA Spring Meeting in Dana Point, CA are now available on the association website. Presentations are also available online.  See 2022 CPA Spring Meeting. More Info: Allyson O’Sullivan

U.S. housing starts in April were at a seasonally adjusted annual rate of 1.72 million, down 0.2% from the revised March figure but 14.6% higher than the comparable month last year. Single-family starts fell 7.3% from March to 1.1 million. U.S. building permits in April were at a seasonally adjusted annual rate of 1.82 million,

U.S. builder confidence for new single-family homes in May decreased eight points from April to 69 and the fifth straight monthly decline, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions dropped eight points to 78 and the measurement of sales expectations in the

The world’s two largest home improvement retailers published first quarter 2022 financial results. The Home Depot, Atlanta, GA, reported first quarter net sales of $38.9. billion, up 3.8% over the comparable period in 2021.  Net quarterly earnings rose 2.1% from the first three months in 2021 to $4.2 billion.  See The Home Depot The Lowe’s

Seasonally adjusted Canadian wood product sales in March were $4.64 billion (CAD), up 2.2% from February and rose 2.7% from the comparable month in 2021. Sales of furniture and related products totaled $1.29 billion, down 2.8% from February and 24.3% higher than March 2021. Canadian manufacturing sales for all industries increased 2.5% from February to