U.S. Builder Confidence Improves in March
U.S. builder confidence for new single-family homes in March climbed two points from February to 44, marking the third consecutive month of increases, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions grew two points to 49, while the measurement of sales expectations in
February U.S. Housing Starts Increase
U.S. housing starts in February were at a seasonally adjusted annual rate of 1.45 million, growing 9.8% from January but 18.4% lower than the comparable month last year. Single-family starts rose 1.1% from January to 830,000. U.S. building permits in February were at a seasonally adjusted annual rate of 1.52 million, increasing 13.8% from January
January Canadian Wood Product Sales Decline
Seasonally adjusted Canadian wood product sales in January were $3.1 billion (CAD), down 4.9% from December 2022 and 25.6% lower than the comparable month last year. Sales of furniture and related products totaled $1.28 billion, decreasing 0.7% from December but rising 3.1% over January 2022. Canadian manufacturing sales for all industries were $73.9 billion, increasing
Canadian Housing Starts Up in February
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in February was 243,959 units, 12.7% higher than January. The SAAR of urban starts increased 15.7% from January to 222,663. Multiple urban starts grew 18% to 173,745, while single-family levels rose 8% from January to 48,918. The trend in housing starts in February
Construction Investment Strengthens in Canada
Canadian building construction investment in January was up 1.5% from December 2022 to $20.4 billion (CAD). Residential construction spending increased 1.9% from December to $14.9 billion. Seasonally adjusted single-family construction spending rose 2.4% to $8 billion. Multi-unit levels grew 1.3% to $6.8 billion in January. Non-residential totals were 0.5% higher in January at $5.6 billion.
2023 North American Capacity Report Available Now
CPA published its 2023 North American Capacity Report summarizing the annual production capacity of particleboard, medium density fiberboard (MDF), hardboard and engineered wood siding and trim plants in North America, as reported by producers. CPA members represent 92% of all active capacity in North America. Overall industry capacity in 2023 will decrease 2.24%, or 196.5 MMSF
U.S. Builder Confidence Improves in March
U.S. builder confidence for new single-family homes in March climbed two points from February to 44, marking the third consecutive month of increases, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions grew two points to 49, while the measurement of sales expectations in
February U.S. Housing Starts Increase
U.S. housing starts in February were at a seasonally adjusted annual rate of 1.45 million, growing 9.8% from January but 18.4% lower than the comparable month last year. Single-family starts rose 1.1% from January to 830,000. U.S. building permits in February were at a seasonally adjusted annual rate of 1.52 million, increasing 13.8% from January
January Canadian Wood Product Sales Decline
Seasonally adjusted Canadian wood product sales in January were $3.1 billion (CAD), down 4.9% from December 2022 and 25.6% lower than the comparable month last year. Sales of furniture and related products totaled $1.28 billion, decreasing 0.7% from December but rising 3.1% over January 2022. Canadian manufacturing sales for all industries were $73.9 billion, increasing
Canadian Housing Starts Up in February
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in February was 243,959 units, 12.7% higher than January. The SAAR of urban starts increased 15.7% from January to 222,663. Multiple urban starts grew 18% to 173,745, while single-family levels rose 8% from January to 48,918. The trend in housing starts in February
Construction Investment Strengthens in Canada
Canadian building construction investment in January was up 1.5% from December 2022 to $20.4 billion (CAD). Residential construction spending increased 1.9% from December to $14.9 billion. Seasonally adjusted single-family construction spending rose 2.4% to $8 billion. Multi-unit levels grew 1.3% to $6.8 billion in January. Non-residential totals were 0.5% higher in January at $5.6 billion.
2023 North American Capacity Report Available Now
CPA published its 2023 North American Capacity Report summarizing the annual production capacity of particleboard, medium density fiberboard (MDF), hardboard and engineered wood siding and trim plants in North America, as reported by producers. CPA members represent 92% of all active capacity in North America. Overall industry capacity in 2023 will decrease 2.24%, or 196.5 MMSF
