News
December U.S. Home Sales Up
U.S. sales of new single-family homes in December 2022 were at a seasonally adjusted annual rate of 616,000, growing 2.3% from November but 26.6% lower than the comparable month in 2021. The seasonally adjusted estimate of new homes for sale at the end of December was 461,000, representing a nine-month supply at the current sales
December Architectural Billings Increase Slightly
The December 2022 Architecture Billings Index (ABI) rose 0.9 points to 47.5, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts grew from 46.9 in November to 49.4. December billings were below 50 in all geographic regions. Firms across all sectors
Kitchen and Bath Cabinet Sales Grow in December
U.S. kitchen and bath cabinet sales in December 2022 were 9.7% higher than the comparable month in 2021 and up 3.1% from November, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. Year-to-date sales increased 16.4% over 2021. Semi-custom sales improved 19.3% from December 2021 and 1.9% from November. Custom
Q4 2022 U.S. Hotel Construction Pipeline Strengthens
The latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported fourth-quarter 2022 hotel projects totaled 5,465, up 14% compared to the same period in 2021. Total hotel rooms under construction rose 12% from Q4 2021 to 650,626. Projects in the early planning stages hit a record of 2,348 with 279,912 rooms, increasing from
Canadian Retail Sales Improve Year-Over-Year
Canadian seasonally adjusted retail furniture store sales in November 2022 increased 0.4% from October to $1.18 billion (CAD) but were 5.9% lower than the same month in 2021. Sales for building material dealers fell 3.8% from October to $3.94 billion and dropped 2.4% from 2021. Total Canadian retail sales dipped 0.1% from October to $61.8
Spring Meeting Registration and Hotel Reservations Available
Registration for CPA’s 2023 Spring Meeting, April 16-18 (departure on the 19th), at the Westin La Paloma Resort in Tucson, AZ 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 agenda,
Fastmarkets RISI Particleboard and MDF Commentary Published
The January issue of the Particleboard and MDF Commentary has been published and includes a detailed economic analysis of the North American market. The Commentary is published by Fastmarkets RISI monthly and permits CPA to republish issues quarterly as a benefit to members. See Particleboard and MDF Commentary
Sustainability in Manufacturing Trends Report Released
The Manufacturing Leadership Council, a subsidiary of the National Association of Manufacturers, released the results of its annual Sustainability and the Circular Economy survey of U.S. manufacturers. The 2022 trends survey reported that “the importance of sustainability commitments as essential to future competitiveness and growth” jumped to 58%, up from 38% in 2021. The report
2022 RV Shipments Record Third-Best Year
The RV Industry Association’s monthly survey of U.S. manufacturers reported December 2022 shipments reached 19,907 units, dropping 50.7% from the same month in 2021. Year-to-date shipments fell 17.8% to 493,268 compared to record-breaking 2021, marking the third-highest year. See RV Industry Association
New Home Demand Declines in Q4
The National Association of Home Builders (NAHB) fourth-quarter 2022 Housing Trends Report reported that new construction demand fell to 20%, down seven percentage points from the third quarter. The West saw the largest drop in demand, a decrease of ten percentage points to 21%. See NAHB
December U.S. Home Sales Up
U.S. sales of new single-family homes in December 2022 were at a seasonally adjusted annual rate of 616,000, growing 2.3% from November but 26.6% lower than the comparable month in 2021. The seasonally adjusted estimate of new homes for sale at the end of December was 461,000, representing a nine-month supply at the current sales
December Architectural Billings Increase Slightly
The December 2022 Architecture Billings Index (ABI) rose 0.9 points to 47.5, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts grew from 46.9 in November to 49.4. December billings were below 50 in all geographic regions. Firms across all sectors
