Canadian Manufacturing Down in August
Seasonally adjusted Canadian wood product sales in August were $2.99 billion (CAD), increasing 12.3% from July and up 26% from the comparable month last year. Sales of furniture and related products were $989 million, down 1.1% from July and 6.5% lower than August 2019. Canadian manufacturing sales for all industries decreased 2% from July to
Canadian Housing Starts Increase in September
The standalone monthly seasonally adjusted annual rate (SAAR) of Canadian housing starts in September was 214,647 units, up 1.0% from August. The SAAR of urban starts fell 21.1% in September to 195,909. Multiple urban starts dropped 27% to 146,005, but single-family levels rose 3.4% to 49,904 from August. The Canada Mortgage and Housing Corporation (CMHC)
U.S. Leads Hotel Openings During Pandemic
The United States opened 521 new hotel properties and 55,395 rooms during March-September 2020, more than any other country globally according to research by STR. In September, there were 216,063 rooms in the U.S. under construction, an increase of 6.1% over 2019. The number of construction projects that moved to deferral was 211, rising 56%
U.S. Remodeling Predicted to Grow Through Q1 2021
The Leading Indicator of Remodeling Activity (LIRA), recently published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, reported that there have been moderate gains in remodeling and renovation, and concerns regarding a sustained pandemic-related decline have waned. The LIRA, which incorporates actual and forecasted impacts of the economic
U.S. Remodeling Industry Confidence Continues to Rise in Q3
U.S. remodeling confidence in the third quarter rose 9 points from the previous three months to 82, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The current market conditions indicator increased 9 points to 86 and the future market index gained 7 points to 77 compared to the second quarter.
KBIS and IBS 2021 Move to Virtual Format
The National Kitchen and Bath and National Home Builders Associations announced the transition of the Kitchen and Bath Industry (KBIS) and International Builders (IBS) shows to an all-virtual setting due to COVID-19 concerns. The in-person shows were scheduled for February 9-11, 2021 in Orlando, FL and the associations plan to return to the same location
Canadian Manufacturing Down in August
Seasonally adjusted Canadian wood product sales in August were $2.99 billion (CAD), increasing 12.3% from July and up 26% from the comparable month last year. Sales of furniture and related products were $989 million, down 1.1% from July and 6.5% lower than August 2019. Canadian manufacturing sales for all industries decreased 2% from July to
Canadian Housing Starts Increase in September
The standalone monthly seasonally adjusted annual rate (SAAR) of Canadian housing starts in September was 214,647 units, up 1.0% from August. The SAAR of urban starts fell 21.1% in September to 195,909. Multiple urban starts dropped 27% to 146,005, but single-family levels rose 3.4% to 49,904 from August. The Canada Mortgage and Housing Corporation (CMHC)
U.S. Leads Hotel Openings During Pandemic
The United States opened 521 new hotel properties and 55,395 rooms during March-September 2020, more than any other country globally according to research by STR. In September, there were 216,063 rooms in the U.S. under construction, an increase of 6.1% over 2019. The number of construction projects that moved to deferral was 211, rising 56%
U.S. Remodeling Predicted to Grow Through Q1 2021
The Leading Indicator of Remodeling Activity (LIRA), recently published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, reported that there have been moderate gains in remodeling and renovation, and concerns regarding a sustained pandemic-related decline have waned. The LIRA, which incorporates actual and forecasted impacts of the economic
U.S. Remodeling Industry Confidence Continues to Rise in Q3
U.S. remodeling confidence in the third quarter rose 9 points from the previous three months to 82, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The current market conditions indicator increased 9 points to 86 and the future market index gained 7 points to 77 compared to the second quarter.
KBIS and IBS 2021 Move to Virtual Format
The National Kitchen and Bath and National Home Builders Associations announced the transition of the Kitchen and Bath Industry (KBIS) and International Builders (IBS) shows to an all-virtual setting due to COVID-19 concerns. The in-person shows were scheduled for February 9-11, 2021 in Orlando, FL and the associations plan to return to the same location
