News
2023 Fall Meeting Speakers Announced
CPA is pleased to announce the following speakers for the Fall Meeting in Leesburg, VA. 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
CPA Submits Priorities for Canadian 2024 Pre-budget Consultation
The Canadian House of Commons Standing Committee on Finance (FINA) is seeking input on priorities for the 2024 federal budget through its annual pre-budget consultation process. CPA submitted five recommendations for consideration, including support for supply chain disruptions attributable to forest fires, dedicated funding for sector capital projects and decarbonization initiatives, credit creation opportunities for
August 15 Deadline Approaching for Innovation Award Submissions
The submission deadline for the new Innovation Awards program is Tuesday, August 15. Developed and managed by CPA’s Decorative Surfaces Council (DSC), the program recognizes significant and creative advances in technology, product development and service solutions in the industry. This is a separate award from the current recognition program for plant safety innovation at manufacturing
CPA LinkedIn Initiative Continues
CPA launched a LinkedIn initiative earlier this month to promote member involvement and volunteerism and to foster networking within the industry. Members can now proudly display a “member badge” on their LinkedIn profile and add volunteer positions through CPA boards, committees, subcommittees and task groups to enhance their professional experience. This initiative was developed through
June U.S. Manufacturing Shipments Strengthen
Seasonally adjusted shipments for all U.S. manufacturing industries in June increased 0.1% from May to $573.9 billion. Wood product shipments were down 0.4% in June to $13.3 billion compared to the prior month. Shipments of furniture and related products grew 0.7% from May to $6.9 billion. New orders for all U.S. manufacturing improved 2.3% from
U.S. Manufacturing Index Decline Tempers in July
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in July was 49, increasing 2.7 points from June. Manufacturers reported a continued decrease in new orders but a boost in employment as the industry outlook improved. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and
Fall Meeting Registration Continues, Exhibit and Sponsor Opportunities Available
Registration is ongoing for CPA’s 2023 Fall Meeting, October 22 to 24, at the Lansdowne Resort in Leesburg, Virginia. The resort is located 12 miles from the Washington Dulles Airport (IAD) and is accessible to Reagan National (DCA) and Baltimore Washington (BWI) airports. Hotel reservations can be made at the discounted room rate of $279
CPA LinkedIn Initiative Ongoing
Earlier this month, CPA launched a LinkedIn initiative developed through CPA’s Digital Subcommittee. To participate, members can display a “member badge” on their LinkedIn profile and add CPA volunteerism to enhance their professional experience. The goal is for members to gain visibility and foster networking within the industry. See LinkedIn Initiative. More Info: Anna Linehan
July U.S. Housing Starts Up
U.S. housing starts in July were at a seasonally adjusted annual rate of 1.45 million, increasing 3.9% from June and 5.9% higher than the comparable month last year. Single-family starts rose 6.7% to 983,000 over June. U.S. building permits were at a seasonally adjusted annual rate of 1.44 million, growing 0.1% from June but declining
Canadian Wood Product Sales Increase in June
Seasonally adjusted Canadian wood product sales in June were $2.9 billion (CAD), up 3.1% from May but 27.0% lower last year’s comparable month. Sales of furniture and related products totaled $1.4 billion, increasing 5.4% from May but dropping 3.1% over June 2022. Canadian manufacturing sales for all industries were $71.5 billion, declining 1.7% from May
Construction Investment Declines in Canada
Canadian building construction investment in June decreased 3.1% from May to $18.0 billion (CAD). Residential construction spending dropped 4.5% to $12.1 billion in June. Seasonally adjusted single-family construction spending was 5.7% lower than May at $6.2 billion. Multi-unit levels fell 3.1% to $5.9 billion in June. Non-residential totals dipped 0.2% to $5.9 billion. See Statistics Canada
July Canadian Housing Starts Trend Improves
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in July was 254,966 units, 10.1% lower than June. The SAAR of urban starts declined 10.8% from the previous month to 234,857. Multiple urban starts dropped 12.3% to 193,446 and single-family levels decreased 3.6% from June to 41,411. The trend in housing starts