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U.S. Construction Spending Unchanged in August

U.S. construction spending in August was estimated at a seasonally adjusted annual rate of $1.58 trillion, nearly even with July, but up 8.9% from the year prior.  Private construction spending was down 0.1% from July to a seasonally adjusted annual rate of $1.24 trillion.  Residential levels for August rose 0.4% from the previous month to

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Manufacturing Shipments Mixed in August

Seasonally adjusted shipments for all U.S. manufacturing industries in August rose 0.1% from July to $508.25 billion. Wood product shipments were down 1.1% in August to $11.31 billion compared to the prior month. Shipments of furniture and related products rose 0.5% from July to $5.99 billion. New orders for all U.S. manufacturing grew 1.2% from

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U.S. Kitchen and Bath Sales Strong in August

U.S. kitchen and bath cabinet sales in August were 8% higher than the comparable month in 2020 and were up 5.5% from July, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business member survey. Semi-custom sales decreased 1.9% from August 2020 but rose 2.1% from July. Custom cabinetry sales jumped 13.1% over

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Furniture Orders Down in July

U.S. residential furniture factory orders in July were down 11% from the comparable month in 2020 but were up 24% from the same month in 2019. Year-to-date orders rose 39% over the first seven months of 2020, with 91% of participants reporting increases. Furniture shipments grew 21% over July 2020 and year-to-date totals jumped 39%

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Canadian Building Permits Down in August

Canadian building permits in August dropped 2.1% from July to $9.66 billion (CAD) but increased 16.9% from the year-ago period.  Residential authorizations decreased 8.3% from July to $6.36 billion but were 9.7% higher than August 2020.  Single-family totals reached $3.14 billion, up 1.2% from July and soared 24.9% from the prior year.  Multi-family levels were

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Mexico Manufacturing Improves in September

The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in September rose 1.5 points from August to 48.6, though still in contraction.  The average reading for the third quarter was the highest since the first quarter of 2020. Employment fell for the 20th straight month and factories continued to have closures due to

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U.S. Construction Spending Unchanged in August

U.S. construction spending in August was estimated at a seasonally adjusted annual rate of $1.58 trillion, nearly even with July, but up 8.9% from the year prior.  Private construction spending was down 0.1% from July to a seasonally adjusted annual rate of $1.24 trillion.  Residential levels for August rose 0.4% from the previous month to

Read More »

Manufacturing Shipments Mixed in August

Seasonally adjusted shipments for all U.S. manufacturing industries in August rose 0.1% from July to $508.25 billion. Wood product shipments were down 1.1% in August to $11.31 billion compared to the prior month. Shipments of furniture and related products rose 0.5% from July to $5.99 billion. New orders for all U.S. manufacturing grew 1.2% from

Read More »

U.S. Kitchen and Bath Sales Strong in August

U.S. kitchen and bath cabinet sales in August were 8% higher than the comparable month in 2020 and were up 5.5% from July, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business member survey. Semi-custom sales decreased 1.9% from August 2020 but rose 2.1% from July. Custom cabinetry sales jumped 13.1% over

Read More »

Furniture Orders Down in July

U.S. residential furniture factory orders in July were down 11% from the comparable month in 2020 but were up 24% from the same month in 2019. Year-to-date orders rose 39% over the first seven months of 2020, with 91% of participants reporting increases. Furniture shipments grew 21% over July 2020 and year-to-date totals jumped 39%

Read More »

Canadian Building Permits Down in August

Canadian building permits in August dropped 2.1% from July to $9.66 billion (CAD) but increased 16.9% from the year-ago period.  Residential authorizations decreased 8.3% from July to $6.36 billion but were 9.7% higher than August 2020.  Single-family totals reached $3.14 billion, up 1.2% from July and soared 24.9% from the prior year.  Multi-family levels were

Read More »

Mexico Manufacturing Improves in September

The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in September rose 1.5 points from August to 48.6, though still in contraction.  The average reading for the third quarter was the highest since the first quarter of 2020. Employment fell for the 20th straight month and factories continued to have closures due to

Read More »
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