News
U.S. Remodeling Spending Strength May Recede Late 2022
The fourth quarter 2021 Leading Indicator of Remodeling Activity (LIRA) expects the strong growth in the remodeling and repair industry to continue through Q3 2022 before easing by year-end, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA predicts an 11.3% rise in the first quarter
Kitchen and Bath Sales Strong in December 2021
U.S. kitchen and bath cabinet sales in December 2021 were 15.2% higher than the comparable month in 2020 and rose 1.1% from November, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business member survey. Semi-custom sales increased 8.9% from December 2020 and inched up by 0.4% from November. Custom cabinetry sales grew
2021 U.S. RV Shipments Shatter Previous Record
The RV Industry Association’s monthly survey of U.S. manufacturers reported that 2021 shipments reached 600,240 units, topping the record set in 2017 by 19%. December 2021 shipments dipped 0.1% from 2020 to 40,347. See RV Industry Association
Hotel Construction Pipeline Down in Q4 2021
The latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported that fourth quarter 2021 hotel projects totaled 4,814, down 8% compared to the same period in 2020. Total hotel rooms fell 10% from Q4 2020 to 581,953. The declines were related to lingering COVID-19 pandemic project delays, increased inflation and supply chain shortages.
November 2021 Canadian Furniture and Building Material Sales Improve
Canadian retail furniture store sales in November 2021 rose 0.1% from October to $1.2 billion (CAD) and were 2.9% higher than the same month in 2020. Sales of building material dealers increased 3% from October to $4.1 billion but were 0.6% lower than the previous year. Total Canadian retail sales grew 0.7% to $58.1 billion
December 2021 Mill Safety Report Now Available
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Spring Meeting Hotel Reservations Now Available
Hotel reservations for CPA’s 2022 Spring Meeting, May 1-4 (departure on the 4th), at the Laguna Cliffs Marriott in Dana Point, CA are 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
CPA Welcomes New Member
The CPA Board of Directors recently voted to approve the following new Associate Member. Profol Americas Inc., Cedar Rapids, IA, is a global supplier of custom film products for a wide variety of applications including kitchen and bath cabinets, furniture, RV walls, flooring products, etc. The membership will be represented by Amy Fuhlman, Strategic Marketing
OSHA Withdraws COVID Vaccination Emergency Standard
Effective January 26, OSHA has withdrawn its emergency temporary standard (ETS) requiring COVID-19 vaccination or testing for employees. The ETS would have mandated that employers with more than 100 employees require staff to be vaccinated or tested weekly. The rule was stayed by the U.S. Supreme Court earlier this month, which precipitated the withdrawal by
NAM Provides Resources for 2022 Manufacturing Trends
The National Association of Manufacturer’s Council of Manufacturing Associations (CMA), of which CPA is a member, recently published a document on the top trends in manufacturing for 2022. The publication outlines trends, including workforce and supply chain challenges among others, and provides resources to assist manufacturers in navigating and addressing these issues. The CMA includes
U.S. Home Sales Up in December
U.S. sales of new single-family homes in December 2021 were at a seasonally adjusted annual rate of 811,000, up 11.9% from November but down 14% from the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of December 2021 was 403,000, representing a six-month supply at the current
Consumer Confidence Down in January
U.S. consumer confidence in January registered at 113.8, down 1.4 points from a revised December 2021 score, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions, rose 3.4 points from November to 148.2. The short-term outlook for income, business and the labor market decreased 4.6 points in