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
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
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.
March U.S. Furniture Sales Soar
U.S. residential furniture factory orders in March jumped 96% above the comparable month in 2020 when many manufacturers were closed but were still 40% over 2019. Year-to-date orders were up 50% over the first three months of 2020 and rose 21% from February. Furniture shipments rose 34% over March 2020 and grew 13% from February.
U.S. RV Shipments Set Monthly Record
The U.S. RV Industry Association’s monthly survey of manufacturers reported that April shipments reached a monthly record at 51,813 units, rising 9% over the previous high in April 2018. The year-to-date total was 200,320 RVs shipped, 86.2% higher than the comparable period in 2020. See RV Industry Association
Canadian Furniture and Building Material Supply Sales Jump in March
Canadian retail furniture store sales in March increased 68.0% over the same month in 2020 and 12.1 % over February to $1.26 billion (CAD). Building material dealers sales jumped 51.5% from the previous year to $5.0 billion and rose 19.8% from February. Total Canadian retail sales increased 3.6% to $57.6 billion from February and up
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
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
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.
March U.S. Furniture Sales Soar
U.S. residential furniture factory orders in March jumped 96% above the comparable month in 2020 when many manufacturers were closed but were still 40% over 2019. Year-to-date orders were up 50% over the first three months of 2020 and rose 21% from February. Furniture shipments rose 34% over March 2020 and grew 13% from February.
U.S. RV Shipments Set Monthly Record
The U.S. RV Industry Association’s monthly survey of manufacturers reported that April shipments reached a monthly record at 51,813 units, rising 9% over the previous high in April 2018. The year-to-date total was 200,320 RVs shipped, 86.2% higher than the comparable period in 2020. See RV Industry Association
Canadian Furniture and Building Material Supply Sales Jump in March
Canadian retail furniture store sales in March increased 68.0% over the same month in 2020 and 12.1 % over February to $1.26 billion (CAD). Building material dealers sales jumped 51.5% from the previous year to $5.0 billion and rose 19.8% from February. Total Canadian retail sales increased 3.6% to $57.6 billion from February and up
