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U.S. Furniture and Retail Sales Estimates Down Slightly in October

Seasonally adjusted advance estimates of furniture and home furnishing retail sales in October rose 5.2% over the same month in 2019 to $10.4 billion but fell 0.4% from September. Building material and garden equipment and supplies sales improved to a seasonally adjusted estimate of $38.1 billion, an increase of 0.9% from September and 19.5% higher

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U.S. Home Improvement Retailers Post Positive Quarterly Reports

The world’s two largest home improvement retailers recently published second quarter results. The Home Depot, Atlanta, GA, reported third quarter net sales of $33.5 billion, up 23.2% from than the comparable period in 2019.  Net quarterly earnings grew 23.9% from the year-ago period at $3.4 billion. See The Home Depot The Lowe’s Companies, Mooresville, NC, announced

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U.S. Architectural Billings Rise in October

The Architecture Billings Index (ABI) in October increased 0.5 points to 47.5, according to The American Institute of Architects (AIA) Economics & Market Research Group. Design contracts rose into positive territory for the first time since February, gaining 2.8 points from September to 51.7. Inquiries were also at the highest point in nearly a year.

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Canadian Manufacturing Slightly Up in September

Seasonally adjusted Canadian wood product sales in September were $3.33 billion (CAD), increasing 9.6% from August and up 39.6% from the comparable month last year. Sales of furniture and related products totaled $1.02 million, rising 5.7% from August but 2.9% lower than September 2019. Canadian manufacturing sales for all industries grew 1.5% from August to

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Home Depot to Acquire HD Supply Holdings

Home Depot, Atlanta, GA, will purchase HD Supply Holdings, Inc., a national distributor of maintenance, repair and operations products for residential and hospitality markets. The transaction is expected to close before January 31. 2021. See Home Depot

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Election 2020: Implications for the Composite Panel Industry

While the dust from the 2020 election has not yet settled and will not likely settle for several weeks as you know, there are some highlights that are worth sharing at this stage.  The 2020 election saw the highest turnout of Americans since 1900, with more than two-thirds of eligible voters casting their ballots. Now

Read More »

U.S. Furniture and Retail Sales Estimates Down Slightly in October

Seasonally adjusted advance estimates of furniture and home furnishing retail sales in October rose 5.2% over the same month in 2019 to $10.4 billion but fell 0.4% from September. Building material and garden equipment and supplies sales improved to a seasonally adjusted estimate of $38.1 billion, an increase of 0.9% from September and 19.5% higher

Read More »

U.S. Home Improvement Retailers Post Positive Quarterly Reports

The world’s two largest home improvement retailers recently published second quarter results. The Home Depot, Atlanta, GA, reported third quarter net sales of $33.5 billion, up 23.2% from than the comparable period in 2019.  Net quarterly earnings grew 23.9% from the year-ago period at $3.4 billion. See The Home Depot The Lowe’s Companies, Mooresville, NC, announced

Read More »

U.S. Architectural Billings Rise in October

The Architecture Billings Index (ABI) in October increased 0.5 points to 47.5, according to The American Institute of Architects (AIA) Economics & Market Research Group. Design contracts rose into positive territory for the first time since February, gaining 2.8 points from September to 51.7. Inquiries were also at the highest point in nearly a year.

Read More »

Canadian Manufacturing Slightly Up in September

Seasonally adjusted Canadian wood product sales in September were $3.33 billion (CAD), increasing 9.6% from August and up 39.6% from the comparable month last year. Sales of furniture and related products totaled $1.02 million, rising 5.7% from August but 2.9% lower than September 2019. Canadian manufacturing sales for all industries grew 1.5% from August to

Read More »

Home Depot to Acquire HD Supply Holdings

Home Depot, Atlanta, GA, will purchase HD Supply Holdings, Inc., a national distributor of maintenance, repair and operations products for residential and hospitality markets. The transaction is expected to close before January 31. 2021. See Home Depot

Read More »

Election 2020: Implications for the Composite Panel Industry

While the dust from the 2020 election has not yet settled and will not likely settle for several weeks as you know, there are some highlights that are worth sharing at this stage.  The 2020 election saw the highest turnout of Americans since 1900, with more than two-thirds of eligible voters casting their ballots. Now

Read More »
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