Q3 Canadian Hotel Construction Projects Grow

Canadian hotel construction projects in Q3 reached 263, representing 34,825 rooms. The total number of projects and rooms in the pipeline increased by 2% compared to the same period last year. Projects planned for the next 12 months rose 24% over Q3 2021, with 105 projects and 14,270 rooms anticipated. See Canadian Lodging Econometrics

Read More »

September U.S. Construction Spending Increased

U.S. construction spending in September was estimated at a seasonally adjusted annual rate of $1.811 trillion, up 0.2% from August and growing 10.9% over the year prior. Year-to-date spending was 11.4% higher than 2021 at $1.354 billion. Private construction spending was $1.450 trillion, 0.4% above August’s seasonally adjusted annual rate. Residential totals for September remained

Read More »

U.S. Manufacturing Index Lower in October

The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in October was 50.4, dropping 1.6 points from September. Manufacturers reported a reduction in client demand due to lower market confidence. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading

Read More »

September U.S. Manufacturing Shipments Climb

Seasonally adjusted shipments for all U.S. manufacturing industries in September rose 0.2% from August to $550 billion. Wood product shipments were up 0.3% in September to $12.8 billion compared to the prior month. Shipments of furniture and related products fell 0.1% from August to $6.2 billion. September new orders for all U.S. manufacturing increased 0.3%

Read More »

U.S. Kitchen and Bath Cabinet Sales Up Year over Year

U.S. kitchen and bath cabinet sales in September were 23.8% higher than the comparable month in 2021 but dropped 4.8% from August, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. Year-to-date sales grew 17.6% over 2021. Semi-custom sales increased 32.5% from September 2021 but decreased 5.6% from August. Custom

Read More »

August Furniture Orders Drop

U.S. residential furniture factory orders in August decreased 34% from the comparable month in 2021. Year-to-date orders fell 29% over the same period in 2021. Furniture shipments increased 9% from August 2021 and were up 6% year-to-date. With shipments outpacing new orders, July backlogs declined 35% from 2021. See Smith Leonard

Read More »

Q3 Canadian Hotel Construction Projects Grow

Canadian hotel construction projects in Q3 reached 263, representing 34,825 rooms. The total number of projects and rooms in the pipeline increased by 2% compared to the same period last year. Projects planned for the next 12 months rose 24% over Q3 2021, with 105 projects and 14,270 rooms anticipated. See Canadian Lodging Econometrics

Read More »

September U.S. Construction Spending Increased

U.S. construction spending in September was estimated at a seasonally adjusted annual rate of $1.811 trillion, up 0.2% from August and growing 10.9% over the year prior. Year-to-date spending was 11.4% higher than 2021 at $1.354 billion. Private construction spending was $1.450 trillion, 0.4% above August’s seasonally adjusted annual rate. Residential totals for September remained

Read More »

U.S. Manufacturing Index Lower in October

The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in October was 50.4, dropping 1.6 points from September. Manufacturers reported a reduction in client demand due to lower market confidence. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading

Read More »

September U.S. Manufacturing Shipments Climb

Seasonally adjusted shipments for all U.S. manufacturing industries in September rose 0.2% from August to $550 billion. Wood product shipments were up 0.3% in September to $12.8 billion compared to the prior month. Shipments of furniture and related products fell 0.1% from August to $6.2 billion. September new orders for all U.S. manufacturing increased 0.3%

Read More »

U.S. Kitchen and Bath Cabinet Sales Up Year over Year

U.S. kitchen and bath cabinet sales in September were 23.8% higher than the comparable month in 2021 but dropped 4.8% from August, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. Year-to-date sales grew 17.6% over 2021. Semi-custom sales increased 32.5% from September 2021 but decreased 5.6% from August. Custom

Read More »

August Furniture Orders Drop

U.S. residential furniture factory orders in August decreased 34% from the comparable month in 2021. Year-to-date orders fell 29% over the same period in 2021. Furniture shipments increased 9% from August 2021 and were up 6% year-to-date. With shipments outpacing new orders, July backlogs declined 35% from 2021. See Smith Leonard

Read More »
Scroll to Top