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Mexico Manufacturing Increases in July

The IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) was 40.4 in June, increasing 1.8 points from June. For the fifth consecutive month, new orders and production fell as companies continued to deal with the fallout from COVID-19.  However, the rate of decline slowed in June compared to April and May when the pandemic more

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Canadian Hotel Construction Remains Strong in Q2

Canadian hotel construction remained strong in Q2, with 296 projects and 39,645 rooms under construction. Projects in Canada increased 8% compared to Q2 2019, with 11% more rooms under construction than the year-ago period. Top cities for construction were Toronto with 59 projects and 8,303 rooms, followed distantly by Montreal, Niagara Falls and Vancouver.  See Lodging

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U.S. Builder Confidence Strengthens in the 55+ Housing Market

U.S. builder confidence in the over 55 housing market for single-family homes in Q2 rebounded 27 points from Q1 to 65, according to the National Association of Home Builders 55+ Housing Market Index (HMI).  The multi-family condo market rose 18 points to a reading of 47 in the second quarter. In the single-family home market,

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Canadian Building Permits Rise in June

Canadian building permits in June increased 6.2% from May to $8.1 billion (CAD) but were down 2.3% from the year-ago period.  June residential authorizations rose 7.0% from the prior month to $5.3 billion and grew 6.5% from the comparable month in 2019.  Single-family totals reached $2.1 billion, up 6.6% from May but shrinking 7.5% from

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U.S. Manufacturing Shipments Up in June

Seasonally adjusted shipments for all U.S. manufacturing industries in June rose 9.8% from May to $457.3 billion. Wood product shipments totaled $8.9 billion, up 2.8% from May. June shipments of furniture and related products increased 8.5% to $6.6 billion. New orders for all U.S. manufacturing increased 6.2% from May to $437.2 billion.  Furniture and related

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U.S. Construction Spending Down in June

U.S. construction spending in June was estimated at a seasonally adjusted annual rate of $1.36 trillion, falling 0.7% from May but rising 0.1% from the year-ago period.  Year-to-date actual spending totaled $667.9 billion, up 5.0% from the first six months of 2019. Private construction spending decreased 0.7% from May to a seasonally adjusted annual rate

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Mexico Manufacturing Increases in July

The IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) was 40.4 in June, increasing 1.8 points from June. For the fifth consecutive month, new orders and production fell as companies continued to deal with the fallout from COVID-19.  However, the rate of decline slowed in June compared to April and May when the pandemic more

Read More »

Canadian Hotel Construction Remains Strong in Q2

Canadian hotel construction remained strong in Q2, with 296 projects and 39,645 rooms under construction. Projects in Canada increased 8% compared to Q2 2019, with 11% more rooms under construction than the year-ago period. Top cities for construction were Toronto with 59 projects and 8,303 rooms, followed distantly by Montreal, Niagara Falls and Vancouver.  See Lodging

Read More »

U.S. Builder Confidence Strengthens in the 55+ Housing Market

U.S. builder confidence in the over 55 housing market for single-family homes in Q2 rebounded 27 points from Q1 to 65, according to the National Association of Home Builders 55+ Housing Market Index (HMI).  The multi-family condo market rose 18 points to a reading of 47 in the second quarter. In the single-family home market,

Read More »

Canadian Building Permits Rise in June

Canadian building permits in June increased 6.2% from May to $8.1 billion (CAD) but were down 2.3% from the year-ago period.  June residential authorizations rose 7.0% from the prior month to $5.3 billion and grew 6.5% from the comparable month in 2019.  Single-family totals reached $2.1 billion, up 6.6% from May but shrinking 7.5% from

Read More »

U.S. Manufacturing Shipments Up in June

Seasonally adjusted shipments for all U.S. manufacturing industries in June rose 9.8% from May to $457.3 billion. Wood product shipments totaled $8.9 billion, up 2.8% from May. June shipments of furniture and related products increased 8.5% to $6.6 billion. New orders for all U.S. manufacturing increased 6.2% from May to $437.2 billion.  Furniture and related

Read More »

U.S. Construction Spending Down in June

U.S. construction spending in June was estimated at a seasonally adjusted annual rate of $1.36 trillion, falling 0.7% from May but rising 0.1% from the year-ago period.  Year-to-date actual spending totaled $667.9 billion, up 5.0% from the first six months of 2019. Private construction spending decreased 0.7% from May to a seasonally adjusted annual rate

Read More »
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