Retail sales showed positive momentum to varying degrees in May, according to data released today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that May retail sales at $421.1 ...
The tight housing market has sparked the return of bidding wars and desperate buyers in certain cities and towns. While you may need to act fast to land your dream home, haste will make waste if you end up with a money pit. With that, here ...
Tags: Consumer Electronics
Gearing up for the return of a healthy home building and remodeling market, manufacturers and suppliers have stepped up plans for exhibit spaces for the new Design and Construction Week, when the International Builders' Show (IBS) and the ...
Tags: Construction, New Products
The Australian dollar slumped to a near three-year low during Asia trade after local economic data disappointed and Goldman Sachs warned the resource-rich country was at risk of a steep economic downturn. New government figures today ...
Tags: Australian Dollar, Service
Much of the architectural coatings market in Europe is in the doldrums at the moment because of a slump in the region's construction sector stemming from a general slowdown in its economy. During the first quarter of this year, European ...
The global producer of glass fiber reinforcements, Owens Corning (OC - Snapshot Report), has joined with Taishan Fiberglass, a subsidiary of China National Materials Group, Sinoma, to promote the use of Alkali Resistant (AR) specialty ...
Tags: Glass, glass fiber, Construction
The Multifamily Production Index (MPI), released recently by the National Association of Home Builders (NAHB), inched down two points to an index level of 52. It is the fifth straight quarter with a reading over 50. The MPI measures ...
Tags: Apartment, Condominium
Armstrong today announced that it will initiate a 5-7% increase in the United States and Canada on all solid hardwood and on select engineered hardwood products effective with shipments on July 15, 2013. “The cost of lumber ...
Tags: Armstrong, Engineered Hardwood Flooring, Construction&Decoration
Existing-home sales rose in April but remain below underlying demand because of limited inventory and tight credit, according to the National Association of Realtors. All regions are showing strong price gains from a year ago. Total ...
The National Association of Home Builders (NAHB) recently applauded Sens. Robert Menendez (D-N.J.) and Johnny Isakson (R-Ga.) for introducing bipartisan legislation to encourage residential construction lending, spur job growth and keep the ...
Tags: Construction, Decoration
Sales of newly built, single-family homes rose 2.3 percent to a seasonally adjusted annual rate of 454,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. The gain builds on a strong upward revision ...
Tags: Construction
Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment, according to presentations at a residential real estate forum during the Realtors Midyear ...
Tags: Housing, Economy, Construction&Decoration, mortgage interest
The shape of homeownership and housing markets has changed dramatically over time and will continue to change in the face of new housing opportunities and challenges. That’s according to panelists at the “Challenges and ...
Tags: Housing Market, Opportunities
While retail sales were up in April, the growth rate was less than impressive based on data released today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that April retail sales at ...
Tags: Processing Machinery, Commerce, NRF
Builder confidence in the market for newly built, single-family homes improved three points to a 44 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May, released recently. This gain, from a ...