News
U.S. Interior Design Billings Rise in December
Interior design billings from the American Society of Interior Design (ASID) member-owned firms rose 0.3 points in December 2021, bringing the Interior Design Billings Index (IDBI) score to 52.8. Any score over 50 indicates growth. All geographic regions except for the West were above 50, with the South again leading the three-month average at 58.1.
December Canadian Building Permits Down
Canadian building permits in December 2021 fell 1.9% from November to $11.16 billion (CAD) but increased 19.9% from the year-ago period. Residential authorizations decreased 2.7% from November to $7.75 billion but were 19.1% higher than December 2020. Single-family totals reached $3.63 billion, up 1.3% from November and rising 15.9% from the prior year. Multi-family levels
Canadian Housing Starts Trend Lower in December
The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in December 2021 was 236,106 units, down 22 % from November. The SAAR of urban starts plummeted 24% from November to 212,918. Multiple urban starts declined steeply by 29% to 157,687 and single-family levels dropped 4% from November to 55,231. The Canada Mortgage
Mexico Manufacturing Drops in January
The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in January dropped sharply by 3.3. points to 46.1, the lowest reading since March 2021. New COVID-19 outbreaks and continuing supply chain issues led to a one-year low in business confidence, along with decreases in output and sales, as well as increases in staff shortages
Industry Snapshot Available to Members
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TFL Shipments Report Available to Members
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MJB Wood Group Promotes Finnell to VP of Cabinets
MJB Wood Group, Irving, TX, promoted Butch Finnell from Director to the new position of Vice President of Cabinets. Finnell has been with MJB since 2010 and will lead strategic planning and new business development. See MJB Wood Group
U.S. Construction Spending Slightly Up in December 2021
U.S. construction spending in December 2021 was estimated at a seasonally adjusted annual rate of $1.64 trillion, up 0.2% from November and a 9% increase over the year prior. Private construction spending rose 0.7% from November to a seasonally adjusted annual rate of $1.29 trillion. Residential totals for December increased 1.1% from the previous month
November Furniture Orders Remain Steady
U.S. residential furniture factory orders in November 2021 were virtually unchanged from the comparable month in 2020 but were 17% higher than the same month in 2019. Year-to-date orders increased 16% over the first eleven months of 2020 and grew 14% from the same period in 2019. Furniture shipments rose 3% over November 2020 and
December U.S. Architectural Billings Increase
The December 2021 Architecture Billings Index (ABI) increased one point from November to 52.0 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score below 50 indicates a decline in billings. Design contracts stayed even with November at 55.8. December billings were in positive territory for only the South and
U.S. Interior Design Billings Rise in December
Interior design billings from the American Society of Interior Design (ASID) member-owned firms rose 0.3 points in December 2021, bringing the Interior Design Billings Index (IDBI) score to 52.8. Any score over 50 indicates growth. All geographic regions except for the West were above 50, with the South again leading the three-month average at 58.1.
December Canadian Building Permits Down
Canadian building permits in December 2021 fell 1.9% from November to $11.16 billion (CAD) but increased 19.9% from the year-ago period. Residential authorizations decreased 2.7% from November to $7.75 billion but were 19.1% higher than December 2020. Single-family totals reached $3.63 billion, up 1.3% from November and rising 15.9% from the prior year. Multi-family levels
