News
September Safety Report Now Available
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October U.S. Builder Confidence Falls to 10-Year Low
U.S. builder confidence for new single-family homes in October diminished for the tenth consecutive month, decreasing eight points from September to 38, the lowest reading since August 2012, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions shrunk nine points to 45, and the
U.S. Housing Starts Decrease in September
U.S. housing starts in September were at a seasonally adjusted annual rate of 1.439 million, dropping 8.1% from the revised August figure and 7.7% lower than the comparable month last year. Single-family starts declined 4.7% from August to 892,000. U.S. building permits in September were at a seasonally adjusted annual rate of 1.564 million, increasing
September U.S. Hotel Construction Falls
U.S. hotel construction at the end of September was down 8.9% to 156,861 rooms compared to the same month in 2021, with New York, Nashville and Phoenix leading the current supply. Rooms in “final planning” dropped 15.5% to 173,932, but “in planning” projects grew 7% over September 2021 to 282,225. See STR
Architectural Billings Weaken in September
The September Architecture Billings Index (ABI) dropped 1.6 points to 51.7, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts decreased from 52.3 in August to 50.7. September billings were in positive territory for all geographic regions, with the Northeast leading
September Canadian Housing Starts Moving-Average Up
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in September was 299,589 units, 10.8% higher than in August. The SAAR of urban starts rose 12.1% from August to 276,142. Multiple urban starts increased 16.1% to 216,549, with single-family urban levels dipping 0.3% in September to 59,593. The trend in housing starts
New Home Demand Improved in Q3
The National Association of Home Builders (NAHB) third quarter Housing Trends Report reported that new construction demand grew to 27%, up six percentage points from the second quarter. Buyers are increasingly interested in new construction as availability has improved 25% from a year ago. The Northeast saw the largest growth in demand, an increase of
U.S. Remodeling Spending Strength to Decline through 2023
The third quarter 2022 Leading Indicator of Remodeling Activity (LIRA) expects growth in the remodeling and repair industry to soften through Q3 2023 while continuing to exceed the historic 5% average, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA predicts a 16% rise in activity
August Canadian Furniture and Building Sales Up
Canadian retail furniture store sales in August increased 0.5% from July to $1.18 billion (CAD) but were 2.5% lower than the same month last year. Sales for building material dealers rose 0.6% from July to $4.18 billion and were up 12.1% from 2021. Total Canadian retail sales improved 0.7% from July to $61.8 billion and
September TFL Shipments Report Available
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September Safety Report Now Available
Please LOGIN to review this restricted content. If you’ve requested a new password and did not receive one, please check your spam folder and also make sure the following domain is “whitelisted” as a safe sender: weblinkinternational.com. If you still did not receive a password reset email. please contact us. If you’re not a member,
October U.S. Builder Confidence Falls to 10-Year Low
U.S. builder confidence for new single-family homes in October diminished for the tenth consecutive month, decreasing eight points from September to 38, the lowest reading since August 2012, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions shrunk nine points to 45, and the