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Canadian Construction Investment Soars in May

Total investment in Canadian building construction in May was $13.4 billion (CAD), increasing 60.1% from April. Residential construction jumped 57% from April to $8.4 billion, and non-residential totals were 65.6% higher in May at $4.9 billion. Single-family spending rose 71.7% to $4.1 billion and multi-unit dwellings grew 45.2% to $4.3 billion compared to April. See Statistics

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Bestar-Bush Expands U.S. Operations

Bestar-Bush, Jamestown, NY, announced the addition of as many as 35 new manufacturing and 15 administrative employees to respond to increased demand in the home and commercial office furniture segments. The Jamestown plant suspended operations for nearly two months due to the Covid-19 pandemic and work has resumed to deal with depleted inventory. Bestar acquired

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Roseburg Hires New Commercial Team Members

Roseburg, Springfield, OR, announced two additions to its commercial team effective August 1.  Michel Painchaud was named Business Manager–Canada, focusing primarily on the Pembroke MDF mill. Doug Asano was named Director of Sales Excellence and will serve on the Commercial Leadership Team, led by SVP-Chief Commercial Officer Ashlee Crib. See Roseburg

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Canadian Manufacturing Up in May

Seasonally adjusted Canadian wood product sales in May were $2.15 billion, increasing 14.8% from April but down 12.2% from the comparable month last year. Furniture and related products rose 35.3% to $790 million from April but were 29.2% lower than May 2019. Canadian manufacturing sales for all industries increased 10.7% from April to $40.1 billion

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U.S. Remodeling Activity Rebounds in Q2

U.S. remodeling activity in the second quarter rose 25 points from the previous three months to 73, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The current market conditions indicator increased 19 points to 77 and the future market index gained 31 points to 70 compared to the first quarter.

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U.S. Builder Confidence Strong in July

U.S. builder confidence for new single-family homes in July rallied 14 points from June to 72 points on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index is now on par with pre-pandemic levels in March. The HMI component gauging current sales conditions climbed 16 points to 79, while the measurement

Read More »

Canadian Construction Investment Soars in May

Total investment in Canadian building construction in May was $13.4 billion (CAD), increasing 60.1% from April. Residential construction jumped 57% from April to $8.4 billion, and non-residential totals were 65.6% higher in May at $4.9 billion. Single-family spending rose 71.7% to $4.1 billion and multi-unit dwellings grew 45.2% to $4.3 billion compared to April. See Statistics

Read More »

Bestar-Bush Expands U.S. Operations

Bestar-Bush, Jamestown, NY, announced the addition of as many as 35 new manufacturing and 15 administrative employees to respond to increased demand in the home and commercial office furniture segments. The Jamestown plant suspended operations for nearly two months due to the Covid-19 pandemic and work has resumed to deal with depleted inventory. Bestar acquired

Read More »

Roseburg Hires New Commercial Team Members

Roseburg, Springfield, OR, announced two additions to its commercial team effective August 1.  Michel Painchaud was named Business Manager–Canada, focusing primarily on the Pembroke MDF mill. Doug Asano was named Director of Sales Excellence and will serve on the Commercial Leadership Team, led by SVP-Chief Commercial Officer Ashlee Crib. See Roseburg

Read More »

Canadian Manufacturing Up in May

Seasonally adjusted Canadian wood product sales in May were $2.15 billion, increasing 14.8% from April but down 12.2% from the comparable month last year. Furniture and related products rose 35.3% to $790 million from April but were 29.2% lower than May 2019. Canadian manufacturing sales for all industries increased 10.7% from April to $40.1 billion

Read More »

U.S. Remodeling Activity Rebounds in Q2

U.S. remodeling activity in the second quarter rose 25 points from the previous three months to 73, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The current market conditions indicator increased 19 points to 77 and the future market index gained 31 points to 70 compared to the first quarter.

Read More »

U.S. Builder Confidence Strong in July

U.S. builder confidence for new single-family homes in July rallied 14 points from June to 72 points on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index is now on par with pre-pandemic levels in March. The HMI component gauging current sales conditions climbed 16 points to 79, while the measurement

Read More »
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