MSI Surfaces Opening New Distribution Center in Kansas City
Kansas City, KS, December 22, 2021—MSI Surfaces will open a new distribution center and warehouse in Kansas City, Kansas, reports CoStar.
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GDP Revised Up to 2.3% for Q3
Washington, DC, December 22, 2021—Real gross domestic product (GDP) increased at an annual rate of 2.3% in Q3, according to the third estimate released by the Bureau of Economic Analysis. In Q2, real GDP increased 6.7%.
Construction Employment Lagged in November
Washington, DC, December 22, 2021—Seasonally adjusted construction employment in November lagged the February 2020 level in 32 states and exceeded it in 18 states and the District of Columbia, according to AGC’s analysis of Bureau of Labor Statistics (BLS) data.
Mortgage Applications Declined 0.6% in Week Ending Dec. 17
Washington, DC, December 22, 2021—Mortgage applications decreased 0.6% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 17, 2021.
Laticrete Names Dahra Granovsky to Board of Directors
Bethany, CT, December 20, 2021-Laticrete, a manufacturer of construction solutions for the building industry, has elected Dahra Granovsky as the newest member to its board of directors.
Coverings Announces Education Sessions for 2022 Event
Arlington, VA, December 21, 2021-Coverings, the largest ceramic tile and natural stone industry event in North America, has released a lineup of featured conference sessions for Coverings 2022.
U.S. GDP Q4 Expected to Expand to 7%
New York, NY, December 21, 2021-The current activity of the U.S. economy is impacting other countries, as it absorbs imports and strains global supply chains, reports the Wall Street Journal.
Shipping Costs Expected to Continue Rise in 2022
New York, NY, December 20, 2021-Companies are bracing for more steep increases in shipping and logistics prices next year after supply-chain costs soared in the scramble to move goods during the Covid-19 pandemic, reports the Wall Street Journal.
Expectations for Manufacturing Industry Positive in 2022, Says ISM
Tempe, AZ, December 20, 2021-Economic improvement in the United States will continue in 2022, say the nation's purchasing and supply management executives in the December 2021 Semiannual Economic Forecast.
Lumber Prices Sky-High Again
New York, NY, December 20, 2021-Lumber prices have shot up again in a rise reminiscent of a year ago, when high-climbing wood prices warned of the hinky supply lines and broad inflation to come, reports the Wall Street Journal.