October Architecture Billings Index Inched Down to 54.3
Washington, DC, November 17, 2021-The Architecture Billings Index (ABI) score for October was 54.3, according to a report from The American Institute of Architects (AIA).
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October Housing Starts Down 0.7% from September, but Up 0.4% YOY
Washington, DC, November 17, 2021- Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,520,000, 0.7% below the revised September estimate of 1,530,000 but 0.4% above the October 2020 rate of 1,514,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.
Lowe's Q3 Sales up 2.7%, Earnings Up 274.6%
Mooresville, NC, November 17, 2021-Lowe’s reported total sales for Q3 2021 were $22.9 billion, a 2.7% increase compared to $22.3 billion in Q3 2020.
Mortgage Applications Declined 2.8% in Second Week of November
Washington, DC, November 17, 2021-Mortgage applications decreased 2.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 12, 2021.
Stanton Implements Freight Surcharge on LVT Products
Woodbury, NY, November 17, 2021-Stanton Carpet announced a price increase on luxury vinyl plank due to the fact that rising costs for container freight continue to rapidly escalate.
Home Depot Sales Rose 9.8% in Q3, Earnings Up 20.3%
Atlanta, GA, November 16, 2021-The Home Depot reported sales of $36.8 billion for Q3 2021, an increase of 9.8% from Q3 2020’s $33.5 billion. Comparable sales for Q3 2021 increased 6.1%, and comparable sales in the U.S. increased 5.5%.
Builder Sentiment Rose 3 Points to 83 in November
Washington, DC, November 16, 2021-Builder sentiment in the market for newly built single-family homes moved three points higher to 83 in November, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
October Retail Sales Rose 1.7%, Marking A Good Start to Holiday Shopping
Washington, DC, November 16, 2021-U.S. retail and food services sales for October 2021 were $638.2 billion, an increase of 1.7% from the previous month and 16.3% above October 2020, according to the U.S. Census Bureau.
Mohawk Adds Atlanta to 2022 Roadshow Schedule
Calhoun, GA, November 16, 2021-Mohawk has added another stop on its 2022Roadshow; from February 22 to 23, the manufacturer will exhibit in Atlanta, Georgia at the Mohawk Flooring Center.
Import Prices Rose 1.2% in October
Washington, DC, November 16, 2021-U.S. import prices rose 1.2% in October following a 0.4% advance in September, the U.S. Bureau of Labor Statistics reported.