News
NKBA’s 2023 Design Trends Report Released
National Kitchen and Bath Association published its annual Design Trends report after compiling responses from over 600 kitchen and bath industry members. The 2023 report revealed several trends on the rise, including bold design statements (color, materials and accents) and 40% of respondents reported larger projects in 2022 to accommodate more storage in kitchens and
CPA Submits Letter on Canadian Environmental Protection Act Amendment
On October 12, CPA submitted a letter to Canada’s Minister of Environment and Climate Change supporting a proposed amendment to Senate bill S-5, Strengthening Environmental Protection for a Healthier Canada Act. The amendment would require the government to evaluate existing measures and recommend new ones to ensure that manufactured goods entering Canada meet the same
ACC Formaldehyde Panel to Host Update Session
The American Chemistry Council (ACC) will host a “Formaldehyde: Regulatory Activity and Potential Implications” information session on October 20 at 3 pm ET. The latest developments on the Formaldehyde Integrated Risk Information Assessment (IRIS) by the National Academy of Sciences will be shared. The panel will also discuss anticipated next steps with the formaldehyde assessment
Q3 U.S. Remodeling Confidence Dips Slightly
The National Association of Home Builders’ (NAHB)/Royal Remodeling Index (RMI) reported a U.S. remodeling confidence index of 77 in the third quarter, even with the prior three months but dropping 10 points from same period in 2021. The current market conditions indicator shrank one point to 82 and the future indicators index also fell one
Houzz Q4 Renovation Barometer Weakens
The recently released Q4 2022 Houzz Renovation Barometer indicates the confidence for renovation activity receded. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector, the Expected Business Activity Indicator for the fourth quarter fell 12 points from Q3 to 50, while
August Canadian Manufacturing Down
Seasonally adjusted Canadian wood product sales in August were $3.7 billion (CAD), down 4.3% from July but 5.2% higher than the comparable month in 2021. Sales of furniture and related products totaled $1.3 billion, decreasing 1.2% from July and jumping 12% over August 2021. Canadian manufacturing sales for all industries shrunk 2% from July to
September U.S. Hotel Construction Falls
U.S. hotel construction at the end of September was down 8.9% to 156,861 rooms compared to the same month in 2021, with New York, Nashville and Phoenix leading the current supply. Rooms in “final planning” dropped 15.5% to 173,932, but “in planning” projects grew 7% over September 2021 to 282,225. See STR
Architectural Billings Weaken in September
The September Architecture Billings Index (ABI) dropped 1.6 points to 51.7, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts decreased from 52.3 in August to 50.7. September billings were in positive territory for all geographic regions, with the Northeast leading
September Canadian Housing Starts Moving-Average Up
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in September was 299,589 units, 10.8% higher than in August. The SAAR of urban starts rose 12.1% from August to 276,142. Multiple urban starts increased 16.1% to 216,549, with single-family urban levels dipping 0.3% in September to 59,593. The trend in housing starts
Canadian Construction Investment Improves Slightly in August
Canadian building construction investment in August was up 0.4% from July to $21.1 billion (CAD). Residential construction spending rose by 0.5% to $15.7 billion from July, while non-residential totals were 0.2% lower in August at $5.3 billion. Seasonally adjusted single-family construction spending grew 0.6% from July to $8.6 billion, and multi-unit levels increased 0.5% to
NKBA’s 2023 Design Trends Report Released
National Kitchen and Bath Association published its annual Design Trends report after compiling responses from over 600 kitchen and bath industry members. The 2023 report revealed several trends on the rise, including bold design statements (color, materials and accents) and 40% of respondents reported larger projects in 2022 to accommodate more storage in kitchens and
CPA Submits Letter on Canadian Environmental Protection Act Amendment
On October 12, CPA submitted a letter to Canada’s Minister of Environment and Climate Change supporting a proposed amendment to Senate bill S-5, Strengthening Environmental Protection for a Healthier Canada Act. The amendment would require the government to evaluate existing measures and recommend new ones to ensure that manufactured goods entering Canada meet the same
