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Canadian Construction Investment Up in June

Total investment in Canadian building construction in June was $12.0 billion (CAD), rising 14.9% from May. Residential construction increased 12.2% from May to $9.4 billion, and non-residential totals were 11.6% higher in June at $5.5 billion. Single-family spending gained 13.0% to $4.7 billion in June and multi-unit dwellings grew 11.4% to $4.7 billion compared to

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U.S. Home Improvement Retailers Post Positive Quarterly Results

The world’s two largest home improvement retailers recently published second quarter results. The Home Depot, Atlanta, GA, reported second quarter net sales of $38.1 billion, up 29.5% from the first quarter and 23.4% higher than the comparable period in 2019.  Net quarterly earnings were up 24.5% from the year-ago period at $4.3 billion. See The Home

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U.S. Builder Confidence Reaches Record High in August

U.S. builder confidence for new single-family homes in August rose 6 points from July to 78 points, a record high for the 35-year history of the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions climbed 6 points to 84 and the measurement of sales expectations in

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U.S. Housing Starts Up in July

U.S. housing starts in July were at a seasonally adjusted annual rate of 1.496 million, up 22.6% from the revised June estimate and 23.4% higher than the comparable month last year. Single-family housing starts increased 8.2% from June to 940,000. U.S. building permits in July were at a seasonally adjusted annual rate of 1.495 million,

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EPA Issues Correction to Final Plywood and Composite Wood Products RTR

The U.S. EPA issued today a correction to the final Plywood and Composite Wood Products (PCWP) Residual Risk and Technology Review (RTR).  An incorrect date was published in last week’s final PCWP RTR Federal Register notice in a paragraph discussing recordkeeping for new sources constructed after September 6, 2019.  Specifically, on page 49459, in §

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Webb Particleboard to Close

Webb Particleboard, Galax, VA, announced it would cease production at its particleboard facility as of August 22 and the plant will close permanently after all existing orders are cut and shipped. It was reported that all Webb employees will be transferred to the Vaughn-Bassett furniture production company in Galax. See Webb Particleboard

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Canadian Construction Investment Up in June

Total investment in Canadian building construction in June was $12.0 billion (CAD), rising 14.9% from May. Residential construction increased 12.2% from May to $9.4 billion, and non-residential totals were 11.6% higher in June at $5.5 billion. Single-family spending gained 13.0% to $4.7 billion in June and multi-unit dwellings grew 11.4% to $4.7 billion compared to

Read More »

U.S. Home Improvement Retailers Post Positive Quarterly Results

The world’s two largest home improvement retailers recently published second quarter results. The Home Depot, Atlanta, GA, reported second quarter net sales of $38.1 billion, up 29.5% from the first quarter and 23.4% higher than the comparable period in 2019.  Net quarterly earnings were up 24.5% from the year-ago period at $4.3 billion. See The Home

Read More »

U.S. Builder Confidence Reaches Record High in August

U.S. builder confidence for new single-family homes in August rose 6 points from July to 78 points, a record high for the 35-year history of the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions climbed 6 points to 84 and the measurement of sales expectations in

Read More »

U.S. Housing Starts Up in July

U.S. housing starts in July were at a seasonally adjusted annual rate of 1.496 million, up 22.6% from the revised June estimate and 23.4% higher than the comparable month last year. Single-family housing starts increased 8.2% from June to 940,000. U.S. building permits in July were at a seasonally adjusted annual rate of 1.495 million,

Read More »

EPA Issues Correction to Final Plywood and Composite Wood Products RTR

The U.S. EPA issued today a correction to the final Plywood and Composite Wood Products (PCWP) Residual Risk and Technology Review (RTR).  An incorrect date was published in last week’s final PCWP RTR Federal Register notice in a paragraph discussing recordkeeping for new sources constructed after September 6, 2019.  Specifically, on page 49459, in §

Read More »

Webb Particleboard to Close

Webb Particleboard, Galax, VA, announced it would cease production at its particleboard facility as of August 22 and the plant will close permanently after all existing orders are cut and shipped. It was reported that all Webb employees will be transferred to the Vaughn-Bassett furniture production company in Galax. See Webb Particleboard

Read More »
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