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Third Quarter Canadian Hotel Construction Dips

Canadian hotel construction declined slightly in Q3, with 277 projects and 35,836 rooms completed. Projects in the pipeline were down 4% comprising 7% less rooms compared to Q3 2019. Top cities for construction were Toronto with 57 projects and 8,065 rooms, followed distantly by Montreal at a record-setting 19 projects and 2,595 rooms. See Lodging Econometrics

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U.S. Hotel Construction Down Slightly in Q3

According to the U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics, Q3 hotel projects stood at 5,282, down 7% compared to the same quarter in 2019. Hotel rooms totaled 655,026, 6% lower than Q3 2019. Dallas led the number of projects with 154 projects and 18,592 rooms, followed by Los Angeles, New York City,

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Houzz Q4 Renovation Barometer

The recently released Q4 2020 Houzz Renovation Barometer showed that business rebounded to pre-pandemic levels based on nearly all of its indicators. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector, the Project Backlog Indicator rose to 7.2 weeks above the

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U.S. Furniture Orders Skyrocket in August

U.S. residential furniture factory orders in August rose 51% from the comparable month in 2019 and were up 9.8% from July, according to a recent survey of manufacturers and distributors. The surge in August helped year-to-date orders grow 6% from 2019, despite only 34% of survey respondents reporting higher levels than the year-ago period. Furniture

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U.S. Builders Constructed Fewer Large Homes in 2019

U.S. construction of new homes larger than 5,000 square feet in 2019 shrunk 2.9% from 2018, according to the U.S. Census Bureau’s Survey of Construction. The findings were consistent with the slight downward trend in median and average home sizes in the U.S. That trend continues into 2020, with the second quarter report showing the

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U.S. Home Sales Jump from September 2019

U.S. sales of new single-family homes in September were at a seasonally adjusted annual rate of 959,000, decreasing 3.5% from August but were 32.1% higher than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of August was 284,000, representing a 3.6-month supply at the current sales

Read More »

Third Quarter Canadian Hotel Construction Dips

Canadian hotel construction declined slightly in Q3, with 277 projects and 35,836 rooms completed. Projects in the pipeline were down 4% comprising 7% less rooms compared to Q3 2019. Top cities for construction were Toronto with 57 projects and 8,065 rooms, followed distantly by Montreal at a record-setting 19 projects and 2,595 rooms. See Lodging Econometrics

Read More »

U.S. Hotel Construction Down Slightly in Q3

According to the U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics, Q3 hotel projects stood at 5,282, down 7% compared to the same quarter in 2019. Hotel rooms totaled 655,026, 6% lower than Q3 2019. Dallas led the number of projects with 154 projects and 18,592 rooms, followed by Los Angeles, New York City,

Read More »

Houzz Q4 Renovation Barometer

The recently released Q4 2020 Houzz Renovation Barometer showed that business rebounded to pre-pandemic levels based on nearly all of its indicators. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries. Within the construction sector, the Project Backlog Indicator rose to 7.2 weeks above the

Read More »

U.S. Furniture Orders Skyrocket in August

U.S. residential furniture factory orders in August rose 51% from the comparable month in 2019 and were up 9.8% from July, according to a recent survey of manufacturers and distributors. The surge in August helped year-to-date orders grow 6% from 2019, despite only 34% of survey respondents reporting higher levels than the year-ago period. Furniture

Read More »

U.S. Builders Constructed Fewer Large Homes in 2019

U.S. construction of new homes larger than 5,000 square feet in 2019 shrunk 2.9% from 2018, according to the U.S. Census Bureau’s Survey of Construction. The findings were consistent with the slight downward trend in median and average home sizes in the U.S. That trend continues into 2020, with the second quarter report showing the

Read More »

U.S. Home Sales Jump from September 2019

U.S. sales of new single-family homes in September were at a seasonally adjusted annual rate of 959,000, decreasing 3.5% from August but were 32.1% higher than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of August was 284,000, representing a 3.6-month supply at the current sales

Read More »
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