Builder Confidence in U.S. Increases in November
U.S. builder confidence for new single-family homes in November increased three points from October to 83, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions grew three points to 89 and the measurement of sales expectations in the next six months remained at 84
Home Improvement Retailers Continue to Post Booming Results in Q3
The world’s two largest home improvement retailers published third quarter financial results. The Home Depot, Atlanta, GA, reported third quarter (ending October 31) net sales of $36.8 billion, up 9.8% over the comparable period in 2020. Net quarterly earnings rose 20.3% from the third quarter in 2020 to $4.1 billion. See The Home Depot The
Houzz Q4 Renovation Barometer Mixed
The recently released Q4 2021 Houzz Renovation Barometer indicated that the confidence for renovation activity is expected to remain strong despite supply-chain issues that include three-month wait times for projects to begin. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector,
Canadian Manufacturing Decreases in September
Seasonally adjusted Canadian wood product sales in September were $3.50 billion (CAD), up 1.5% from both August and the comparable month in 2020. Sales of furniture and related products totaled $1.14 billion, down 2.8% from August but 11.5% higher than September 2020. Canadian manufacturing sales for all industries fell 3.0% from August to $58.5 billion
CPA to Host Fall Meeting General Session with Key Customer Groups
CPA will host its second Fall Meeting General Session titled “Market Outlook for 2022 and Beyond for the Cabinet and Residential and Commercial Furniture Industries” on December 8 at 11am EST. The General Session will include presentations from key industry associations, including Betsy Natz, President and CEO of the Kitchen Cabinet Manufacturers Association (KCMA); Bill Perdue,
Canadian Formaldehyde Regulation Webinar Announced
Health Canada will host a webinar this month on the final Formaldehyde Emissions from Composite Wood Products Regulations that were published in the Canada Gazette, Part II on July 7, 2021. The webinar will be held November 23 at 1pm EST in English and repeated on November 25 at 1pm EST in French. Registration is
Builder Confidence in U.S. Increases in November
U.S. builder confidence for new single-family homes in November increased three points from October to 83, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions grew three points to 89 and the measurement of sales expectations in the next six months remained at 84
Home Improvement Retailers Continue to Post Booming Results in Q3
The world’s two largest home improvement retailers published third quarter financial results. The Home Depot, Atlanta, GA, reported third quarter (ending October 31) net sales of $36.8 billion, up 9.8% over the comparable period in 2020. Net quarterly earnings rose 20.3% from the third quarter in 2020 to $4.1 billion. See The Home Depot The
Houzz Q4 Renovation Barometer Mixed
The recently released Q4 2021 Houzz Renovation Barometer indicated that the confidence for renovation activity is expected to remain strong despite supply-chain issues that include three-month wait times for projects to begin. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector,
Canadian Manufacturing Decreases in September
Seasonally adjusted Canadian wood product sales in September were $3.50 billion (CAD), up 1.5% from both August and the comparable month in 2020. Sales of furniture and related products totaled $1.14 billion, down 2.8% from August but 11.5% higher than September 2020. Canadian manufacturing sales for all industries fell 3.0% from August to $58.5 billion
CPA to Host Fall Meeting General Session with Key Customer Groups
CPA will host its second Fall Meeting General Session titled “Market Outlook for 2022 and Beyond for the Cabinet and Residential and Commercial Furniture Industries” on December 8 at 11am EST. The General Session will include presentations from key industry associations, including Betsy Natz, President and CEO of the Kitchen Cabinet Manufacturers Association (KCMA); Bill Perdue,
Canadian Formaldehyde Regulation Webinar Announced
Health Canada will host a webinar this month on the final Formaldehyde Emissions from Composite Wood Products Regulations that were published in the Canada Gazette, Part II on July 7, 2021. The webinar will be held November 23 at 1pm EST in English and repeated on November 25 at 1pm EST in French. Registration is
