News

October U.S. Construction Spending Up from Prior Month

U.S. construction spending in October 2025 was estimated at a seasonally adjusted annual rate of $2.18 trillion, 0.5% higher than September but 1.0% lower than the same month in 2024. Residential expenditures increased 1.3% from September to $926.5 billion but shrank 1.2% from October 2024. Non-residential expenditures were $1.2 trillion, mostly unchanged from September and

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Architectural Billings Remain Weak in December

The American Institute of Architects (AIA) Economics & Market Research Group’s Architecture Billings Index (ABI) increased 3.2 points to 48.5 in December 2025 but remained below 50, marking 14 straight months of industry contraction. All regions reported billings below 50, except the Midwest, which had a score of 51.7. Billings were below 50 in all

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Houzz Q1 Renovation Barometer Published

The Houzz Renovation Barometer report for the construction sector indicates a softer market, while the report for the architectural and design sector shows improvement in Q1. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector, the first-quarter Expected Business Activity Indicator

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November Canadian Retail Furniture Sales Strengthen

Canadian seasonally adjusted retail furniture store sales in November 2025 were mostly unchanged from October but grew 0.8% from the same month in 2024 to $1.2 billion (CAD). Sales for building material dealers increased 2.1% from October and 6.6% from November 2024 to $4.0 billion. Total Canadian retail sales for the month were $70.4 billion,

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Construction Investment Improves in Canada

November 2025 Canadian building construction investment rose 9.7% from October and 16.6% year-over-year to $24.5 billion (CAD). Residential construction spending increased 13.3% from October to $17.6 billion, while non-residential totals were up 1.4% to $6.9 billion. Seasonally adjusted single-family investment was 5.0% higher than October at $7.4 billion, while multi-unit levels surged 20.1% to $10.2

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2026 CPA Officers Take the Helm

CPA’s 2026 leadership team took office this month with Mike Reardon of Roseburg serving as the Board Chairman, Matt Swinnie of Arauco North America as Vice Chairman, and Ray Chaaraoui of Kronospan as Secretary/Treasurer. Steve Carroll of Swiss Krono completed his term as the 2025 Chairman and now serves as Immediate Past Chairman. More Info: Andy

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Spring Meeting Registration Open

Registration is now available for the 2026 CPA Spring Meeting from April 12-14 (departure on the 15th), at the Hyatt Regency Coconut Point in Bonita Springs, FL. The meeting begins on Sunday with the annual golf tournament at 8 am, followed by the Welcome Reception at 6 pm. The meeting concludes Tuesday evening with the

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October U.S. Construction Spending Up from Prior Month

U.S. construction spending in October 2025 was estimated at a seasonally adjusted annual rate of $2.18 trillion, 0.5% higher than September but 1.0% lower than the same month in 2024. Residential expenditures increased 1.3% from September to $926.5 billion but shrank 1.2% from October 2024. Non-residential expenditures were $1.2 trillion, mostly unchanged from September and

Read More »

Architectural Billings Remain Weak in December

The American Institute of Architects (AIA) Economics & Market Research Group’s Architecture Billings Index (ABI) increased 3.2 points to 48.5 in December 2025 but remained below 50, marking 14 straight months of industry contraction. All regions reported billings below 50, except the Midwest, which had a score of 51.7. Billings were below 50 in all

Read More »

Houzz Q1 Renovation Barometer Published

The Houzz Renovation Barometer report for the construction sector indicates a softer market, while the report for the architectural and design sector shows improvement in Q1. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector, the first-quarter Expected Business Activity Indicator

Read More »

November Canadian Retail Furniture Sales Strengthen

Canadian seasonally adjusted retail furniture store sales in November 2025 were mostly unchanged from October but grew 0.8% from the same month in 2024 to $1.2 billion (CAD). Sales for building material dealers increased 2.1% from October and 6.6% from November 2024 to $4.0 billion. Total Canadian retail sales for the month were $70.4 billion,

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Construction Investment Improves in Canada

November 2025 Canadian building construction investment rose 9.7% from October and 16.6% year-over-year to $24.5 billion (CAD). Residential construction spending increased 13.3% from October to $17.6 billion, while non-residential totals were up 1.4% to $6.9 billion. Seasonally adjusted single-family investment was 5.0% higher than October at $7.4 billion, while multi-unit levels surged 20.1% to $10.2

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