Construction Momentum Index Declined 1.8% in October
Hamilton Township, NJ, November 9, 2020-The Dodge Momentum Index fell 1.8% in October to 127.5 (2000=100) from the revised September reading of 129.8.
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Tarkett Expands Commitment to Carbon Neutrality
Solon, OH, November 9, 2020-Building on its long history of supporting the health of people and the planet, Tarkett North America is broadening its commitment to carbon neutrality.
Interface Reports YOY Declines for Q3 Sales & Income
Atlanta, GA, November 6, 2020-Interface reported Q3 2020 net sales of $279 million, down 20% versus $348 million in the prior year period. Declines in carpet tile were somewhat moderated by lesser declines in LVT and rubber.
Housing Affordability Declined in Q3, Says NAHB
Washington, DC, November 6, 2020—Record-low mortgage rates were not enough to offset inventory shortages and rising home prices as housing affordability continued to decline in the third quarter of 2020, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI).
Employment Rose by 638K in Oct., Unemployment Declined to 6.9%
Washington, DC, November 6, 2020—Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9%, the U.S. Bureau of Labor Statistics reported.
ADG Reports on How COVID Is Impacting Construction Professionals
Washington, DC, November 6, 2020—Associated General Contractors (AGC) released the results of a survey of 1,077 construction professionals, conducted October 7 to 19.
Dixie Group Q3 Sales Down 10% YOY, Income Up
Dalton, GA, November 5, 2020—The Dixie Group reported Q3 2020 net sales of $85.9 million, a 10% decline compared to Q3 2019’s $95.4 million, though sales of residential products were up 3%.
Construction Starts Dipped 18% in September
Hamilton Township, NJ, November 5, 2020—Total construction starts dipped 18% in September to a seasonally adjusted annual rate of $667.7 billion, essentially taking back August’s gain, according to Dodge Data.
Urban Land Institute Offers Real Estate Forecast for '21 and '22
Washington, DC, November 5, 2020—The Urban Land Institute held its semi-annual real estate forecast on October 28 via webinar, and McMorrow Reports provided a list of key findings from the seminar.
Survey Reveals Progress in Return to Office for NYC Workers
New York, NY, November 5, 2020—The Partnership for New York City surveyed major employers between October 15 and 26 to measure progress in the return of Manhattan’s one million office workers. This updates surveys released in June and August.