News
December 2021 Canadian Furniture and Building Material Sales Decline
Canadian retail furniture store sales in December 2021 fell 10.2% from November to $1.1 billion (CAD) but grew 2.4% from the same month in 2020. Sales of building material dealers decreased 5% from November to $3.9 billion and were 3.5% lower than the previous year. Total Canadian retail sales fell 1.8% to $57.0 billion from
Spring Meeting Registration Now Open
Registration for CPA’s 2022 Spring Meeting, May 1-3 (departure on the 4th), at the Laguna Cliffs Marriott in Dana Point, CA is now available. The meeting begins on Sunday with the annual golf tournament at 8am followed by the Welcome Reception at 6pm. The meeting concludes Tuesday evening with the Chairman’s Dinner following a full day’s
January Safety Report Now Available
The January Safety Report is now available.
U.S. Housing Starts Down in January
U.S. housing starts in January were at a seasonally adjusted annual rate of 1.64 million, decreasing 4.1% from the December 2021 estimate but 0.8% higher than the comparable month last year. Single-family housing starts fell 5.6% from December to 1.12 million. U.S. building permits in January were at a seasonally adjusted annual rate of 1.90
Builder Confidence Down in February
U.S. builder confidence for new single-family homes in February decreased one point from January to 82, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions grew one point to 90 and the measurement of sales expectations in the next six months dropped two points
Canadian Manufacturing Increases in December
Seasonally adjusted Canadian wood product sales in December 2021 were $3.82 billion (CAD), up 3.7% from November and stayed equal to the comparable month in 2020. Sales of furniture and related products totaled $1.25 billion, rising 3.6% from November and were 20.1% higher than December 2020. Canadian manufacturing sales for all industries increased 0.7% from
Home Improvement Retailers Post Strong Results
The world’s two largest home improvement retailers published fourth quarter 2021 financial results. The Home Depot, Atlanta, GA, reported fourth quarter net sales of $35.7. billion, up 10.7% over the comparable period in 2020. Net quarterly earnings rose 17.3% from the fourth quarter in 2020 to $3.4 billion. Annual net earnings for 2021 grew 27.7%
U.S. Single Family Home Size Continues Upward Trend in Q4 2021
The fourth quarter 2021 U.S. Census Quarterly Starts and Completions by Purpose and Design report showed that the median square footage of a single-family homes rose 3.2% from the same period in 2020 to 2,338 feet. This is the third consecutive quarterly increase, which is attributed to the need for additional home office space due
Q4 Multifamily Construction Confidence Grows
Multifamily construction confidence increased in the fourth quarter of 2021, according to the Multifamily Market Survey produced by the National Association of Home Builders (NAHB). The Multifamily Product Index (MPI) grew one point from the third quarter to 54. The MPI measures builder and developer sentiment about conditions in the market for new apartments and
U.S. Architectural Billings Flat in January
The January Architecture Billings Index (ABI) remained even with December 2021 at 51.0 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts increased 0.6 points to 56.1. January billings were in positive territory for the South and Midwest only, while the
December 2021 Canadian Furniture and Building Material Sales Decline
Canadian retail furniture store sales in December 2021 fell 10.2% from November to $1.1 billion (CAD) but grew 2.4% from the same month in 2020. Sales of building material dealers decreased 5% from November to $3.9 billion and were 3.5% lower than the previous year. Total Canadian retail sales fell 1.8% to $57.0 billion from
Spring Meeting Registration Now Open
Registration for CPA’s 2022 Spring Meeting, May 1-3 (departure on the 4th), at the Laguna Cliffs Marriott in Dana Point, CA is now available. The meeting begins on Sunday with the annual golf tournament at 8am followed by the Welcome Reception at 6pm. The meeting concludes Tuesday evening with the Chairman’s Dinner following a full day’s
