News
LinkedIn Contest Continues
CPA, with the Digital Subcommittee, launched a LinkedIn initiative to promote member involvement and volunteerism that fosters industry networking. Members can proudly display a CPA member featured image on their LinkedIn profile and add any CPA volunteer positions and task groups. The Subcommittee created a contest to win a $150 Visa gift card to encourage
CPA Returns from Busy Greenbuild Expo
CPA exhibited at the Greenbuild Expo last week in Washington D.C., alongside 245 other exhibitors. CPA’s booth was in a prime location and attracted a steady stream of visitors interested in the industry’s product design offerings and carbon story. Attendees were also eager to hear about the Eco-Certified Composite (ECC) certification program as a verification
August Safety Report Now Available
The August Safety Report is Now Available to Members
U.S. Furniture Orders Down Month-over-Month
U.S. residential furniture factory orders in July were $2.3 billion, up 27.5% from the comparable month in 2022 but 8.7% lower than in June. Year-to-date orders dipped 3.8% to $15.2 billion from 2022. Furniture shipments dropped 20.6% from last July to $2.0 billion and fell 18.3% from June. July backlogs were $3.0 billion, declining 50.5%
August U.S. Manufacturing Shipments Grow
Seasonally adjusted shipments for all U.S. manufacturing industries in August rose 1.3% from July to $586.0 billion. Wood product shipments were up 0.5% in August to $13.4 billion compared to the prior month. Shipments of furniture and related products were unchanged from July at $6.7 billion. New orders for all U.S. manufacturing grew 1.2% from
Construction Spending Up in August
U.S. construction spending in August was estimated at a seasonally adjusted annual rate of $2.0 trillion, growing 0.5% from July and 7.4% higher than the same month last year. Year-to-date construction spending increased 4.2% to $1.3 trillion compared to the first eight months of 2022. Private construction spending was $1.6 trillion, climbing 0.5% from July.
September Canadian Housing Starts Up
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in September was 270,466 units, 8.0% higher than in August. The SAAR of urban starts rose 9.0% from the previous month to 250,766. Multiple urban starts climbed 10.0% to 207,689 and single-family levels grew 3.3% from August to 43,077. The trend in housing
CPA Fall Meeting Begins Next Week; Sponsors and Exhibitors Online
CPA’s 2023 Fall Meeting begins next Sunday, October 22 at the Lansdowne Resort in Leesburg, VA. Meeting information is available online, including registration, the schedule and the attendee list. Committee and Board materials will be posted online next week. CPA is grateful for the support of the following Fall Meeting sponsors. Please take a moment
2023 Fall Meeting Speakers Update
The CPA Fall Meeting in Leesburg, VA will feature the following speakers. Greg Lewis, Vice President of Wood Panels for Forest Economic Advisors, will deliver the keynote presentation at the opening General Session on Monday, October 23, providing a market analysis and forecast for the North American industry, including an outlook for potential new investments
Q3 2023 U.S. Remodeling Confidence Dips
The third quarter National Association of Home Builders (NAHB)/Royal Remodeling Index (RMI) reported a U.S. remodeling confidence index of 65, decreasing three points from the second quarter and down 12 points below the same period in 2022. The current market conditions indicator fell five points to 72 and the future indicators index declined three points
August Canadian Building Permits Improve Month-over-Month
Canadian building permits in August were up 3.4% from July but declined 5.9% from the comparable period in 2022 to $11.9 billion (CAD). Residential authorizations decreased 3.7% from July and fell 18.0% from August 2022 to $6.8 billion. Single-family totals reached $2.9 billion, up 5.5% from July but down 15.3% from last year. Multi-family levels were
Fall Meeting Registration Ongoing; Attendee List Now Available
Registration continues for CPA’s 2023 Fall Meeting, October 22 to 24, at the Lansdowne Resort in Leesburg, Virginia. The Fall Meeting schedule includes ITC Lab tours, networking functions and the Chairman’s Dinner. Spaces are still available for the tabletop exhibit session. Benefits include spotlights on the CPA website, social media and in attendee packets. The