News
Home Improvement Retailers Post Increased Sales
The world’s two largest home improvement retailers published third quarter 2022 financial results. The Home Depot, Atlanta, GA, reported third quarter net sales of $38.9 billion, up 5.6% over the comparable period in 2021. Net quarterly earnings rose 5.1% from the same three months of 2021 to $4.3 billion. See The Home Depot The Lowe’s
September Canadian Manufacturing Up Year Over Year
Seasonally adjusted Canadian wood product sales in September were $3.6 billion (CAD), down 2.3% from August but 0.7% higher than the comparable month in 2021. Sales of furniture and related products totaled $1.3 billion, increasing 0.9% from August and jumping 10.9% over September 2021. Canadian manufacturing sales for all industries were $70.4 billion, marking no
Canadian Housing Starts Drop in October
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in October was 267,055 units, 11% lower than in September. The SAAR of urban starts also fell 11% from September to 245,234. Multiple urban starts declined 13% to 188,189 and single-family levels dipped 4% from September to 57,045. The trend in housing starts
September Canadian Construction Investment Dips
Canadian building construction investment in September was down 0.6% from August to $20.9 billion (CAD). Residential construction spending declined 1.3% to $15.4 billion from August, while non-residential totals were 1.6% higher in September at $5.4 billion. Seasonally adjusted single-family construction spending decreased 1.3% from August to $8.5 billion, and multi-unit levels fell 1.4% to $7.0
Update on WIRC Promotion of Wood Industry Employment
The Wood Industry Resource Collaborative (WIRC) was formed late in 2020 with the goal of promoting employment opportunities in the wood manufacturing sector. CPA is among a group of twelve wood-related associations sponsoring this endeavor. WIRC has developed a multi-faceted media campaign utilizing numerous tools, including a website and social media channels. Over 56,000,000 impressions
Save the Dates: CPA’s 2023 Meetings
CPA’s Spring Meeting will be held from April 16 through April 19 at the Westin La Paloma Resort & Spa, a AAA Four-Diamond hotel in the middle of the Sonoran Desert in Tucson, Arizona. Registration is anticipated to open in January. The Fall Meeting will be at the Lansdowne Resort in Leesburg, Virginia, from October
October Industry Snapshot Report Available Now
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October Safety Report Now Available
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U.S. Builder Confidence Continues to Fall in November
U.S. builder confidence for new single-family homes in November fell for the 11th consecutive month, decreasing five points from October to 33, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions shrunk six points to 39, and the measurement of sales expectations in the
October U.S. Housing Starts Decrease
U.S. housing starts in October were at a seasonally adjusted annual rate of 1.425 million, dropping 4.2% from the revised September figure and 8.8% lower than the comparable month last year. Single-family starts declined 6.1% from September to 855,000. U.S. building permits in October were at a seasonally adjusted annual rate of 1.526 million, decreasing
Home Improvement Retailers Post Increased Sales
The world’s two largest home improvement retailers published third quarter 2022 financial results. The Home Depot, Atlanta, GA, reported third quarter net sales of $38.9 billion, up 5.6% over the comparable period in 2021. Net quarterly earnings rose 5.1% from the same three months of 2021 to $4.3 billion. See The Home Depot The Lowe’s
September Canadian Manufacturing Up Year Over Year
Seasonally adjusted Canadian wood product sales in September were $3.6 billion (CAD), down 2.3% from August but 0.7% higher than the comparable month in 2021. Sales of furniture and related products totaled $1.3 billion, increasing 0.9% from August and jumping 10.9% over September 2021. Canadian manufacturing sales for all industries were $70.4 billion, marking no
