News
April Furniture Orders Drop
U.S. residential furniture factory orders in April decreased 20% from the comparable month in 2021 but rose 4% from the same period in 2019. In April, 70% of participants reported decreases. Furniture shipments grew 13% from April 2021 and up 6% year-to-date. With new orders still outpacing shipments, backlogs climbed 9% from April 2021. See Smith
Industry Shipments Report Available for May
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Manufacturing Institute Publishes Workforce Compensation and Competitiveness Report
The Manufacturing Institute, the workforce development and education partner of the National Association of Manufacturers, this month released a report titled, “The Manufacturing Experience: Compensation and Labor Market Competitiveness.” The report examines current manufacturing workforce practices, and the impact recruiting and retention has had on compensation. The report explores topics at the top of many
Uniboard to Invest in New Particleboard Line
Uniboard, Laval, QC, announced a $250 million (CAD) investment to build a new particleboard press line at its Val-d’Or plant. Construction will begin this summer and is expected to be complete in 2025. The new project will add approximately 190 jobs. See Uniboard
U.S. Architectural Billings Fall in May
The May Architecture Billings Index (ABI) fell three points to 53.5 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts improved 1.5 points to 56.9 from April. May billings were in positive territory for all geographic regions, with the West leading
May Canadian Housing Starts Increase
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in May was 287,257 units, up 8% from April. The SAAR of urban starts rose 8% from April to 264,162. Multiple urban starts jumped 13% to 201,193 while single-family levels dropped 4% in May to 62,969. The trend in housing starts in May
FPJ Publishes Carbon Analysis of Wood Composite Panels
The Forest Products Journal recently published a research paper titled, Carbon Analysis of Wood Composite Panels, authored by Maureen Puettmann, Principal, WoodLife Environmental Consultants LLC. This paper was sponsored by CPA and provides information on the net carbon impact of particleboard, MDF and hardboard–engineered wood siding and trim (EWST) by measuring the total carbon storage
Harvard Releases 2022 State of U.S. Housing Market Report
The housing market outlook is still strong despite increased costs and interest rates, according to the State of the U.S. Housing Market 2022 report recently released by the Joint Center for Housing Studies of Harvard University. Home price appreciation reached a record high at 20.6% in March. Despite these challenges, housing construction is still strong
June Consumer Confidence Declines
U.S. consumer confidence in June registered at 98.7, falling 4.5 points from May, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions, dropped slightly to 147.1 from 147.4 in May. The short-term outlook for income, business and the labor market decreased 7.3 points from May to 66.4.
U.S. Home Sales Up in May
U.S. sales of new single-family homes in May were at a seasonally adjusted annual rate of 696,000, a 10.7% increase from April but 5.9% lower than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of May was 444,000, representing a 7.7-month supply at the current sales
April Furniture Orders Drop
U.S. residential furniture factory orders in April decreased 20% from the comparable month in 2021 but rose 4% from the same period in 2019. In April, 70% of participants reported decreases. Furniture shipments grew 13% from April 2021 and up 6% year-to-date. With new orders still outpacing shipments, backlogs climbed 9% from April 2021. See Smith
Industry Shipments Report Available for May
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