Weyerhaeuser to Acquire Alabama Timberlands
Weyerhaeuser, Seattle, WA, announced the purchase of 69,200 acres of timberlands in Alabama from Soterra, a subsidiary of Greif, Inc. The approximately $149 million transaction should close in the second quarter of 2021. See Weyerhaeuser
U.S. Home Sales Increase in January
U.S. sales of new single-family homes in January were at a seasonally adjusted annual rate of 923,000, increasing 4.3% from December 2020 and 19.3% higher than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of January was 307,000, representing a four-month supply at the current sales
Home Improvement Retailers Report Strong Quarter
The world’s two largest home improvement retailers recently published fourth quarter 2020 results. The Home Depot, Atlanta, GA, reported fourth quarter fiscal 2020 net sales of $32.3 billion, up 25.1% from 2019. Quarterly net earnings rose 16.0% from 2019 to $2.9 billion. Annual net sales grew 19.9% in 2020 to $132.1 billion. Net earnings for
U.S. Furniture Sales Continue to Rise in December
U.S. residential furniture factory orders in December 2020 rose 27% above the comparable month in 2019 with nearly 84% of manufacturers reporting increases, according to a recent survey of manufacturers and distributors. A strong December helped annual orders top 2019 by 15%. Furniture shipments were up 5% over December 2019 but ended 2020 6% lower
U.S. Architectural Billings Improve in January
The Architecture Billings Index (ABI) in January increased 2.6 points from December 2020 to 44.9, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score below 50 indicates a decline in billings. Design contracts rose 1.8 points from December to 48.8, while inquiries rose to the highest level since the
U.S. RV Shipments Break January Record
The U.S. RV Industry Association’s monthly survey of manufacturers reported that January shipments were a record 45,930 units, rising 39.2% over the comparable month in 2020. See RV Industry Association
Weyerhaeuser to Acquire Alabama Timberlands
Weyerhaeuser, Seattle, WA, announced the purchase of 69,200 acres of timberlands in Alabama from Soterra, a subsidiary of Greif, Inc. The approximately $149 million transaction should close in the second quarter of 2021. See Weyerhaeuser
U.S. Home Sales Increase in January
U.S. sales of new single-family homes in January were at a seasonally adjusted annual rate of 923,000, increasing 4.3% from December 2020 and 19.3% higher than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of January was 307,000, representing a four-month supply at the current sales
Home Improvement Retailers Report Strong Quarter
The world’s two largest home improvement retailers recently published fourth quarter 2020 results. The Home Depot, Atlanta, GA, reported fourth quarter fiscal 2020 net sales of $32.3 billion, up 25.1% from 2019. Quarterly net earnings rose 16.0% from 2019 to $2.9 billion. Annual net sales grew 19.9% in 2020 to $132.1 billion. Net earnings for
U.S. Furniture Sales Continue to Rise in December
U.S. residential furniture factory orders in December 2020 rose 27% above the comparable month in 2019 with nearly 84% of manufacturers reporting increases, according to a recent survey of manufacturers and distributors. A strong December helped annual orders top 2019 by 15%. Furniture shipments were up 5% over December 2019 but ended 2020 6% lower
U.S. Architectural Billings Improve in January
The Architecture Billings Index (ABI) in January increased 2.6 points from December 2020 to 44.9, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score below 50 indicates a decline in billings. Design contracts rose 1.8 points from December to 48.8, while inquiries rose to the highest level since the
U.S. RV Shipments Break January Record
The U.S. RV Industry Association’s monthly survey of manufacturers reported that January shipments were a record 45,930 units, rising 39.2% over the comparable month in 2020. See RV Industry Association
