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Q1 Multifamily Construction Confidence Grows

Multifamily construction confidence increased in the first quarter, according to the Multifamily Market Survey produced by the National Association of Home Builders (NAHB).  The Multifamily Product Index (MPI) increased 8 points in Q1 to 51. The MPI measures builder and developer sentiment about conditions in the market for new apartments and condos. Any score over

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Home Improvement Retailers Post Booming Q1 Results

The world’s two largest home improvement retailers published first quarter financial results. The Home Depot, Atlanta, GA, reported first quarter (ending May 2) net sales of $37.5 billion, up 32.7% over the comparable period in 2020.  Net quarterly earnings jumped 84.6% from the first quarter in 2019 to $4.15 billion. See The Home Depot The Lowe’s

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U.S. Remodeling Expected to Grow Into 2022

The most recent Leading Indicator of Remodeling Activity (LIRA) reported that remodeling and repair spending is expected to remain strong through March 2022, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.  The LIRA predicts “mid-single digit gains” through 2021, with 4.8% growth in the first quarter 2022.

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Architectural Billings Rise in April

The April Architecture Billings Index (ABI) increased 2.3 points from March to 57.9, the highest score since before the Great Recession, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score below 50 indicates a decline in billings. Design contracts rose 6.0 points from March to 61.7, the highest score

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April Canadian Housing Starts Drop

The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in April was 268,631 units, down 19.8% from a record-setting March. The SAAR of urban starts decreased 16.9% to 251,504 in April. Multiple urban starts fell 22.8% to 251,504 and single-family levels dipped 0.1% from March to 78,918. The Canada Mortgage and Housing

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In-Person CPA 2021 Fall Meeting Planned

The CPA 2021 Fall Meeting will be held at Lansdowne Resort in Leesburg, Virginia from October 17-19.  With COVID-19 restrictions easing, the meeting will return to the traditional in-person format.  Virtual participation options are not planned at this time. Hotel reservations can now be made at the Lansdowne Resort which is located 12 miles from

Read More »

Q1 Multifamily Construction Confidence Grows

Multifamily construction confidence increased in the first quarter, according to the Multifamily Market Survey produced by the National Association of Home Builders (NAHB).  The Multifamily Product Index (MPI) increased 8 points in Q1 to 51. The MPI measures builder and developer sentiment about conditions in the market for new apartments and condos. Any score over

Read More »

Home Improvement Retailers Post Booming Q1 Results

The world’s two largest home improvement retailers published first quarter financial results. The Home Depot, Atlanta, GA, reported first quarter (ending May 2) net sales of $37.5 billion, up 32.7% over the comparable period in 2020.  Net quarterly earnings jumped 84.6% from the first quarter in 2019 to $4.15 billion. See The Home Depot The Lowe’s

Read More »

U.S. Remodeling Expected to Grow Into 2022

The most recent Leading Indicator of Remodeling Activity (LIRA) reported that remodeling and repair spending is expected to remain strong through March 2022, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.  The LIRA predicts “mid-single digit gains” through 2021, with 4.8% growth in the first quarter 2022.

Read More »

Architectural Billings Rise in April

The April Architecture Billings Index (ABI) increased 2.3 points from March to 57.9, the highest score since before the Great Recession, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score below 50 indicates a decline in billings. Design contracts rose 6.0 points from March to 61.7, the highest score

Read More »

April Canadian Housing Starts Drop

The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in April was 268,631 units, down 19.8% from a record-setting March. The SAAR of urban starts decreased 16.9% to 251,504 in April. Multiple urban starts fell 22.8% to 251,504 and single-family levels dipped 0.1% from March to 78,918. The Canada Mortgage and Housing

Read More »

In-Person CPA 2021 Fall Meeting Planned

The CPA 2021 Fall Meeting will be held at Lansdowne Resort in Leesburg, Virginia from October 17-19.  With COVID-19 restrictions easing, the meeting will return to the traditional in-person format.  Virtual participation options are not planned at this time. Hotel reservations can now be made at the Lansdowne Resort which is located 12 miles from

Read More »
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