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April U.S. Construction Up Slightly

U.S. construction spending in April was estimated at a seasonally adjusted annual rate of $1.52 trillion, up 0.2% from March and 9.8% higher than the year prior.  Private construction spending increased 0.4% from March to a seasonally adjusted annual rate of $1.18 trillion.  Residential levels for April rose 1.0% from the previous month to $729.2

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U.S. Consumer Confidence Down Slightly in May

U.S. consumer confidence in May registered at 117.2, slipping 0.3 points from April, according to The Conference Board Consumer Confidence Index.  The index measuring current business and labor market conditions gained 12.4 points from April to 144.3, while the short-term outlook for income, business and the labor market fell 8.8 points to 99.1 in May.

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April U.S. Kitchen and Bath Sales Fall

U.S. kitchen and bath cabinet sales in April were 46.8% higher than the comparable month last year, but fell 14.5% from March, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business member survey. Semi-custom sales increased 49.3% from last year but were 16.1% lower than March. Custom cabinetry sales jumped 65.8% over

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Canadian Building Permits Dip from March

Canadian building permits in April dipped 0.5% from March to $11.1 billion (CAD) but jumped 76.1% from the year-ago period.  Residential authorizations fell 6.7% from March to $7.71 billion but were 86.1% higher than April 2020.  Single-family totals decreased to $3.58 billion, down 7% from March but soared 159.8% from the prior year.  Multi-family levels

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Mexico Manufacturing Declines in May

After reaching a 14-month high in April, the seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in May was 47.6, falling 0.8 points from April.  Manufacturing production, employment, new business and export orders all saw declines. Business confidence, however, was at a 16-month high, signaling hope that contractions may end soon. The PMI

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U.S. Home Sales Down in April

U.S. sales of new single-family homes in April were at a seasonally adjusted annual rate of 863,000, decreasing 5.9% from March but 48.3% higher than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of April was 316,000, representing a 4.4-month supply at the current sales rate.

Read More »

April U.S. Construction Up Slightly

U.S. construction spending in April was estimated at a seasonally adjusted annual rate of $1.52 trillion, up 0.2% from March and 9.8% higher than the year prior.  Private construction spending increased 0.4% from March to a seasonally adjusted annual rate of $1.18 trillion.  Residential levels for April rose 1.0% from the previous month to $729.2

Read More »

U.S. Consumer Confidence Down Slightly in May

U.S. consumer confidence in May registered at 117.2, slipping 0.3 points from April, according to The Conference Board Consumer Confidence Index.  The index measuring current business and labor market conditions gained 12.4 points from April to 144.3, while the short-term outlook for income, business and the labor market fell 8.8 points to 99.1 in May.

Read More »

April U.S. Kitchen and Bath Sales Fall

U.S. kitchen and bath cabinet sales in April were 46.8% higher than the comparable month last year, but fell 14.5% from March, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business member survey. Semi-custom sales increased 49.3% from last year but were 16.1% lower than March. Custom cabinetry sales jumped 65.8% over

Read More »

Canadian Building Permits Dip from March

Canadian building permits in April dipped 0.5% from March to $11.1 billion (CAD) but jumped 76.1% from the year-ago period.  Residential authorizations fell 6.7% from March to $7.71 billion but were 86.1% higher than April 2020.  Single-family totals decreased to $3.58 billion, down 7% from March but soared 159.8% from the prior year.  Multi-family levels

Read More »

Mexico Manufacturing Declines in May

After reaching a 14-month high in April, the seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in May was 47.6, falling 0.8 points from April.  Manufacturing production, employment, new business and export orders all saw declines. Business confidence, however, was at a 16-month high, signaling hope that contractions may end soon. The PMI

Read More »

U.S. Home Sales Down in April

U.S. sales of new single-family homes in April were at a seasonally adjusted annual rate of 863,000, decreasing 5.9% from March but 48.3% higher than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of April was 316,000, representing a 4.4-month supply at the current sales rate.

Read More »
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