News
Canadian Furniture and Building Sales Grow in April
Canadian retail furniture store sales in April fell 1.1% from March to $1.2 billion (CAD) but were 23% higher than the same month last year. Sales for building material dealers decreased 4.3% from March to $4.4 billion and dropped 4.7% from 2021. Total Canadian retail sales were up 0.9% from March to $60.7 billion and
CPA Fall Meeting Hotel Registration Continues; Covid Travel Guidelines Updated
Hotel reservations for CPA’s 2022 Fall Meeting, September 11-13 at the Fairmont The Queen Elizabeth in Montreal, Quebec are now available. The meeting begins on Sunday with the Welcome Reception at 6:30pm and concludes on Tuesday afternoon with the Board of Directors Meeting. Hotel reservations are being accepted through August 19 or until the room block
May Safety Report Now Available
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Roseburg Exploring New MDF Plant
Roseburg, Springfield, OR, announced plans to conduct a feasibility study to potentially locate a second MDF panel plant or a bioenergy production facility in the Western U.S. The study should be concluded in the next few months with a decision expected by the end of 2022. See Roseburg
U.S. Housing Starts Shrink in May
U.S. housing starts in May were at a seasonally adjusted annual rate of 1.55 million, down 14.4% from the revised April figure and 3.5% below the comparable month last year. Single-family starts fell 9.2% from April to 1.05 million. U.S. building permits were at a seasonally adjusted annual rate of 1.7 million, decreasing 7% from
June U.S. Builder Confidence Falls
U.S. builder confidence for new single-family homes in June decreased for the sixth straight month, decreased two points from May to 67, the lowest reading in two years, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions dipped one point to 77 and the
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
Canadian Furniture and Building Sales Grow in April
Canadian retail furniture store sales in April fell 1.1% from March to $1.2 billion (CAD) but were 23% higher than the same month last year. Sales for building material dealers decreased 4.3% from March to $4.4 billion and dropped 4.7% from 2021. Total Canadian retail sales were up 0.9% from March to $60.7 billion and
CPA Fall Meeting Hotel Registration Continues; Covid Travel Guidelines Updated
Hotel reservations for CPA’s 2022 Fall Meeting, September 11-13 at the Fairmont The Queen Elizabeth in Montreal, Quebec are now available. The meeting begins on Sunday with the Welcome Reception at 6:30pm and concludes on Tuesday afternoon with the Board of Directors Meeting. Hotel reservations are being accepted through August 19 or until the room block
