U.S. Construction Up in January
U.S. construction spending in January was estimated at a seasonally adjusted annual rate of $1.52 trillion, rising 1.7% from December 2020 and up 5.8% from the year prior. Private construction spending increased 1.7% from December to a seasonally adjusted annual rate of $1.16 trillion. Residential levels for January expanded 2.5% from the previous month to
U.S. Manufacturing Shipments Grow in January
Seasonally adjusted shipments for all U.S. manufacturing industries in January rose 1.9% from December 2020 to $513.27 billion. Wood product shipments grew 5.8% from December to $11.08 billion. January shipments of furniture and related products decreased 0.9% to $6.52 billion. New orders for all U.S. manufacturing increased 2.6% from December to $509.37 billion. Furniture and
U.S. Kitchen and Bath Sales Mixed in January
U.S. kitchen and bath cabinet sales in January were 10.4% higher than the comparable month last year but fell 2.9% from December 2020, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business member survey. Semi-custom sales jumped 17.7% from the same period last year and were 5.0% higher than December. Custom cabinetry
Remodeling Industry Expects Double Digit Growth in 2021
The U.S. Remodelers Index (USRI), a new index created by Qualified Remodeler magazine and John Burns Real Estate Consulting, registered 63.5 out of 100 for the fourth quarter of 2020. Regionally, the South and Midwest recorded the strongest growth, with the West and Northeast flat or slowed. Across market segments, home improvement professionals specializing in exteriors and
Canadian Building Permits Hits Record High in January
Canadian building permits in January increased 8.2% from December 2020 to a record-breaking $9.9 billion (CAD) and were up 6.4% from the year-ago period. Residential authorizations also broke records, rising 10.6% from December to $7.1 billion and were 20.9% higher than January 2020. Single-family totals reached a record $3.5 billion, up 15.1% from December and
Mexico Manufacturing Improves in February
The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in February was 44.2, up 1.2 points from January and the highest level since March 2020. New orders and output decreased significantly in February and export orders fell at the fastest rate of the entire pandemic period. Sentiment was stronger for the future based
U.S. Construction Up in January
U.S. construction spending in January was estimated at a seasonally adjusted annual rate of $1.52 trillion, rising 1.7% from December 2020 and up 5.8% from the year prior. Private construction spending increased 1.7% from December to a seasonally adjusted annual rate of $1.16 trillion. Residential levels for January expanded 2.5% from the previous month to
U.S. Manufacturing Shipments Grow in January
Seasonally adjusted shipments for all U.S. manufacturing industries in January rose 1.9% from December 2020 to $513.27 billion. Wood product shipments grew 5.8% from December to $11.08 billion. January shipments of furniture and related products decreased 0.9% to $6.52 billion. New orders for all U.S. manufacturing increased 2.6% from December to $509.37 billion. Furniture and
U.S. Kitchen and Bath Sales Mixed in January
U.S. kitchen and bath cabinet sales in January were 10.4% higher than the comparable month last year but fell 2.9% from December 2020, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business member survey. Semi-custom sales jumped 17.7% from the same period last year and were 5.0% higher than December. Custom cabinetry
Remodeling Industry Expects Double Digit Growth in 2021
The U.S. Remodelers Index (USRI), a new index created by Qualified Remodeler magazine and John Burns Real Estate Consulting, registered 63.5 out of 100 for the fourth quarter of 2020. Regionally, the South and Midwest recorded the strongest growth, with the West and Northeast flat or slowed. Across market segments, home improvement professionals specializing in exteriors and
Canadian Building Permits Hits Record High in January
Canadian building permits in January increased 8.2% from December 2020 to a record-breaking $9.9 billion (CAD) and were up 6.4% from the year-ago period. Residential authorizations also broke records, rising 10.6% from December to $7.1 billion and were 20.9% higher than January 2020. Single-family totals reached a record $3.5 billion, up 15.1% from December and
Mexico Manufacturing Improves in February
The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in February was 44.2, up 1.2 points from January and the highest level since March 2020. New orders and output decreased significantly in February and export orders fell at the fastest rate of the entire pandemic period. Sentiment was stronger for the future based
