News
New Slate of CPA Officers Take the Helm for 2023
CPA’s 2023 leadership team takes office this week. Dan Beaty of Langboard will serve as the Board Chairman, with Steve Canary of Panolam as Vice Chairman and Marla Chappell of Weyerhaeuser as Secretary/Treasurer. Pat Aldred of GP Wood Products completed his term as the 2022 Chairman and now serves as Immediate Past Chairman. More Info: Andy
November Industry Snapshot Report Available Now
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November TFL Shipments Report Available
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December Consumer Confidence Rises
U.S. consumer confidence in December 2022 registered at 108.3, growing 6.9 points from November, according to The Conference Board Consumer Confidence Index. The index, measuring current business and labor market conditions, rose 8.9 points to 147.2 in December. The short-term outlook index for income, business and the labor markets, increased 5.7 points from November to 82.4. See
U.S. Builder Confidence Continues to Fall in December
U.S. builder confidence for new single-family homes in December 2022 dropped for the 12th consecutive month, decreasing two points from November to 31, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions shrunk three points to 36, while the measurement of sales expectations in
November U.S. Housing Starts Decrease
U.S. housing starts in November 2022 were at a seasonally adjusted annual rate of 1.427 million, dropping 0.5% from October and 16.4% lower than the comparable month in 2021. Single-family starts declined 4.1% from October to 828,000. U.S. building permits in November were at a seasonally adjusted annual rate of 1.342 million, shrinking 11.2% from
Canada Updates Formaldehyde Regulations Guidance Document
On December 23, 2022, Health Canada published an updated guidance document on the Formaldehyde Emissions from Composite Wood Products Regulations. The updated guidance, initially published in August 2022, addresses CPA’s comments, including clarifications on laminated products and finished goods, formaldehyde emissions testing requirements, specimen conditioning time for primary testing, timing for reduced frequency testing and
Canada Proposes Amendments to the Output-Based Pricing System Regulations
In October 2022, Environment and Climate Change Canada (ECCC) published proposed amendments to the Output-Based Pricing System Regulations (OBPSR). The proposed amendments are consistent with those published in December 2021, including a new standard for composite panel plants (particleboard, fiberboard and hardboard) and a 2% annual tightening rate applicable to all standards. CPA provided comments
CPA Publishes Testing Laboratories Directory
CPA’s Production-Technical Committee has published the first edition of the Composite Panel Industry Testing Laboratories Directory. The directory includes links to labs offering a wide range of industry-related services, including physical and mechanical property testing and research and development. This resource is available exclusively to members and will be updated annually. See Directory. More Info:
November U.S. Manufacturing Shipments Dip
Seasonally adjusted shipments for all U.S. manufacturing industries in November 2022 decreased 0.6% from October to $548.6 billion. Wood product shipments were up 0.7% in November to $12.8 billion compared to the prior month. Shipments of furniture and related products were down 0.3% from October to $6.2 billion. New orders for all U.S. manufacturing fell
Canadian Building Permits Improved in November
Canadian building permits in November 2022 rose 14.1% from October to $11 billion (CAD) but were 4.5% lower than the comparable month in 2021. Residential authorizations increased 13.7% from October to $7.1 billion and dropped 11.1% from November 2021. Single-family totals reached $3 billion, up 7.1% from October but fell 15.2% from the prior year.
New Slate of CPA Officers Take the Helm for 2023
CPA’s 2023 leadership team takes office this week. Dan Beaty of Langboard will serve as the Board Chairman, with Steve Canary of Panolam as Vice Chairman and Marla Chappell of Weyerhaeuser as Secretary/Treasurer. Pat Aldred of GP Wood Products completed his term as the 2022 Chairman and now serves as Immediate Past Chairman. More Info: Andy