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U.S. Architectural Billings Flat in January

The January Architecture Billings Index (ABI) remained even with December 2021 at 51.0 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts increased 0.6 points to 56.1. January billings were in positive territory for the South and Midwest only, while the

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December 2021 Canadian Furniture and Building Material Sales Decline

Canadian retail furniture store sales in December 2021 fell 10.2% from November to $1.1 billion (CAD) but grew 2.4% from the same month in 2020.  Sales of building material dealers decreased 5% from November to $3.9 billion and were 3.5% lower than the previous year. Total Canadian retail sales fell 1.8% to $57.0 billion from

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Spring Meeting Registration Now Open

Registration for CPA’s 2022 Spring Meeting, May 1-3 (departure on the 4th), at the Laguna Cliffs Marriott in Dana Point, CA is now available.  The meeting begins on Sunday with the annual golf tournament at 8am followed by the Welcome Reception at 6pm. The meeting concludes Tuesday evening with the Chairman’s Dinner following a full day’s

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U.S. Housing Starts Down in January

U.S. housing starts in January were at a seasonally adjusted annual rate of 1.64 million, decreasing 4.1% from the December 2021 estimate but 0.8% higher than the comparable month last year. Single-family housing starts fell 5.6% from December to 1.12 million. U.S. building permits in January were at a seasonally adjusted annual rate of 1.90

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Builder Confidence Down in February

U.S. builder confidence for new single-family homes in February decreased one point from January to 82, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions grew one point to 90 and the measurement of sales expectations in the next six months dropped two points

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New Wood Resins LCA Report Available

The Athena Sustainable Materials Institute recently completed an update of four cradle-to-gate life cycle assessments (LCAs) of wood product resin systems, including urea-formaldehyde (UF), melamine-urea-formaldehyde (MUF), phenol-formaldehyde (PF) and phenol-resorcinol-formaldehyde (PRF).  Additionally, Athena developed new cradle-to-gate LCAs for melamine-formaldehyde (MF), emulsion polymer isocyanate (EPI) and polymer emulsion polyurethane (PEP) wood resins. The report titled, A

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SEC Proposes Climate Disclosure Rules

The U.S. Security and Exchange Commission (SEC) on March 21 released a proposal that would require publicly traded companies that prepare quarterly and annual reports (10-Q and 10-K) for shareholders to disclose additional climate change related information for investors.  Affected companies would need to quantify what are termed as Scope 1, 2 and 3 emissions. 

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Woodgrain to Acquire Huttig Building Products

Woodgrain Inc., Fruitland, ID, announced an agreement to purchase Huttig Building Products. Huttig   is a St. Louis, MO-based distributor of millwork, building materials and wood products with 25 distribution centers servicing 41 states. See Woodgrain

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U.S. Home Sales Decrease in February

U.S. sales of new single-family homes in February were at a seasonally adjusted annual rate of 772,000, down 2.0% from January and 6.2% below the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of February was 407,000, representing a 6.3-month supply at the current sales rate. See

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Quarterly U.S. Furniture and Wood Product Sales Mixed

Fourth quarter 2021 U.S. wood product sales increased 0.85% from Q3 to $38.1 billion and were 25.3% higher than the same period in 2020.  After-tax profits fell 24.3% to 3.1 billion over the prior three months but were 30.7% higher than the fourth quarter in 2020. Furniture sales were down 5.4% from Q3 to $19.7

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February Architectural Billings Improve

The February Architecture Billings Index (ABI) rose 0.3 points to 51.3 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts increased 0.9 points to 55.2 over January. February billings were in positive territory for the South and Midwest only, while the

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