Wood association names new president
Ed Elias has been elected to serve as president of APA — The Engineered Wood Association, following the retirement of Dennis Hardman later this year.
Elias is a 35-year APA veteran, having worked in APA’s technical, international marketing and financial divisions. He is currently the association’s VP and corporate secretary.
The APA is formerly known as the American Plywood Association
Elias earned his bachelor’s degree in Forest Management and Wood Science from Stephen Austin University in Nacogdoches, Texas, and a master’s degree in Wood Science from Colorado State University.
“The APA board undertook an extensive and diligent search process for this position. The search validated the fact that there is tremendous strength and talent on the APA staff, and we’re pleased to promote an internal candidate to follow Dennis as APA president,” said Mary Jo Nyblad, APA chairman and plywood sales and marketing manager for Boise Cascade.
“With our recent membership gains, the voice of APA is stronger than ever, and that strong voice will create new challenges and opportunities for the association in the years ahead. We’re confident that Ed has the skills and experience to lead us into this new era,” she added.
Hardman has been the APA president since November 2005. He will turn over the reins at the association’s annual meeting in Huntington Beach, Calif., Nov. 2-5.
Consumer confidence dips 1.8 points
In a slight reversal from its positive June outlook, The Conference Board Consumer Confidence Index dipped 1.8 points to 80.3 in July, down from last month’s 82.1.
Meanwhile, the Present Situation Index increased to 73.6 from 68.7, with more consumers vetting business conditions as "good" in July, and fewer delivering a "bad" vote. Still, those viewing conditions as "good" remain in the slight minority (20.9% versus 24.9%). Current job availability sentiment reflected a similar pattern, with the gap between "plentiful" and "hard to get" narrowing slightly in July. However, there’s still a vast lead in the latter category, with 35.5% claiming jobs are "hard to get" and 12.2% claiming the opposite.
The Expectations Index decreased from last month’s 91.1 to 84.7, with fewer consumers expecting the short-term business outlook to improve over the next six months, though the amount of people expecting it to worsen remained stagnant. Consumers’ expectations for jobs availability decreased, with fewer expecting a salary increase, though the amount of consumers expecting a decrease also declined.
In a broader sense, where year-ago levels are concerned, the Index continues to point to a strong market recovery.
“Consumer Confidence fell slightly in July, precipitated by a weakening in consumers’ economic and job expectations," said Lynn Franco, director of economic indicators at The Conference Board. "However, confidence remains well above the levels of a year ago. Consumers’ assessment of current conditions continues to gain ground and expectations remain in expansionary territory despite the July retreat. Overall, indications are that the economy is strengthening and may even gain some momentum in the months ahead.”
Home price index jumps
The Standard & Poor/Case-Shiller Home Price Indices included some good news for the housing market, as 10- and 20-city composites hit the highest year-over-year gains since March 2006.
“Home prices continue to strengthen,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices. “Two cities — Dallas and Denver — set new highs, surpassing their pre-crisis levels and five cities — Atlanta, Chicago, San Diego, San Francisco and Seattle — posted monthly gains of over 3%, also a first-time event.”
Compared with a year ago, the 20-city composite increased 12.2%. On a month-to-month basis, the index increased 2.6%.
The growth was across the board. In fact, the data through the end of May shows that 20 cities measured by the index increased from May 2012 to May 2013 — and also from April 2013 to May 2013.