Small Business Optimism Rose Eight Points in November
Washington, DC, December 10, 2024—The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98.
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Construction Backlog Indicator Steady at 8.4 Months in November
Washington, DC, December 10, 2024—Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.4 months in November, according to an ABC member survey conducted November 20 to December 3. The reading is down 0.1 months from November 2023.
Dodge Momentum Index Declined 2.3% in November
Bedford, MA, December 9, 2024—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, decreased 2.3% in November to 191.5 (2000=100) from the revised October reading of 196.0.
Feizy Names Charalambopoulos VP, Marketing & Merchandising
Dallas, TX, December 10, 2024—Feizy has announced the appointment of Amy Charalambopoulos to the position of vice president, marketing & merchandising.
Zillow Predicts Existing-Home Sales Uptick in 2025
Seattle, WA, December 9, 2024—"Zillow has released its 2025 housing forecast calling for a pickup in activity over the next year,” reports Truist.
Wholesaler Sales Declined 0.1% in October
Washington, DC, December 9, 2024--October 2024 sales of merchant wholesalers were $675.1 billion, down 0.1% from the revised September level but were up 0.9% from the revised October 2023 level, according to the U.S. Census Bureau.
Consumer Sentiment Rose 3.1% in Early November
Ann Arbor, MI, December 6, 2024—Consumer sentiment rose 3.1% to 74.0 from 71.8 in early November, according to preliminary results from the University of Michigan Survey of Consumers.
Employment Rose by 227,000 in November
Washington, DC, December 6, 2024—Total nonfarm payroll employment rose by 227,000 in November, and the unemployment rate changed little at 4.2%, the U.S. Bureau of Labor Statistics reported.
Pantone Names Mocha Mousse the 2025 Color of the Year
Carlstadt, NJ, December 6, 2024—Pantone has named Mocha Mousse the 2025 color of the year.
Construction Industry Added 10,000 Jobs in November
Washington, DC, December 6, 2024—The construction industry added 10,000 jobs on net in November, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 211,000 jobs, an increase of 2.6%.