News
Hotel Construction Pipeline Down in Q4 2021
The latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported that fourth quarter 2021 hotel projects totaled 4,814, down 8% compared to the same period in 2020. Total hotel rooms fell 10% from Q4 2020 to 581,953. The declines were related to lingering COVID-19 pandemic project delays, increased inflation and supply chain shortages.
November 2021 Canadian Furniture and Building Material Sales Improve
Canadian retail furniture store sales in November 2021 rose 0.1% from October to $1.2 billion (CAD) and were 2.9% higher than the same month in 2020. Sales of building material dealers increased 3% from October to $4.1 billion but were 0.6% lower than the previous year. Total Canadian retail sales grew 0.7% to $58.1 billion
December 2021 Mill Safety Report Now Available
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Roseburg Announces New COO
Roseburg, Springfield, OR, announced the promotion of Stuart Gray to the newly created Chief Operating Officer position. Gray will oversee operations, sales, human resources, and environment, health and safety. He joined Roseburg in 2017 and was most recently the Senior Vice President and General Counsel. See Roseburg
MJB Wood Group Promotes Mosher to VP
MJB Wood Group, Irving, TX, promoted Chris Mosher from Director to Vice President of its Fixture and Furniture Business Unit. Mosher has been with MJB since 2013 and leads a team of 16 within the unit. See MJB Wood Group
Evergreen Engineering Names Co-CEOs
Evergreen Engineering, Eugene, OR, announced the transition of leadership from President Gordon Yutzy to Justin Price and Danielle Daniels, who will share CEO duties. Price was most recently Director of Project Management and Daniels was Director of Operations and Finance. Yutzy will continue to serve as a principal and liaison until his retirement later this
Consumer Confidence Down in January
U.S. consumer confidence in January registered at 113.8, down 1.4 points from a revised December 2021 score, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions, rose 3.4 points from November to 148.2. The short-term outlook for income, business and the labor market decreased 4.6 points in
U.S. Remodeling Spending Strength May Recede Late 2022
The fourth quarter 2021 Leading Indicator of Remodeling Activity (LIRA) expects the strong growth in the remodeling and repair industry to continue through Q3 2022 before easing by year-end, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA predicts an 11.3% rise in the first quarter
Kitchen and Bath Sales Strong in December 2021
U.S. kitchen and bath cabinet sales in December 2021 were 15.2% higher than the comparable month in 2020 and rose 1.1% from November, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business member survey. Semi-custom sales increased 8.9% from December 2020 and inched up by 0.4% from November. Custom cabinetry sales grew
2021 U.S. RV Shipments Shatter Previous Record
The RV Industry Association’s monthly survey of U.S. manufacturers reported that 2021 shipments reached 600,240 units, topping the record set in 2017 by 19%. December 2021 shipments dipped 0.1% from 2020 to 40,347. See RV Industry Association
Hotel Construction Pipeline Down in Q4 2021
The latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported that fourth quarter 2021 hotel projects totaled 4,814, down 8% compared to the same period in 2020. Total hotel rooms fell 10% from Q4 2020 to 581,953. The declines were related to lingering COVID-19 pandemic project delays, increased inflation and supply chain shortages.
November 2021 Canadian Furniture and Building Material Sales Improve
Canadian retail furniture store sales in November 2021 rose 0.1% from October to $1.2 billion (CAD) and were 2.9% higher than the same month in 2020. Sales of building material dealers increased 3% from October to $4.1 billion but were 0.6% lower than the previous year. Total Canadian retail sales grew 0.7% to $58.1 billion
