Existing-Home Sales Rose 9.5% in February
Washington, DC, March 21, 2024—Total existing-home sales bounced 9.5% from January to a seasonally adjusted annual rate of 4.38 million in February, according to the National Association of Realtors.
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Total Construction Starts Down 8% in Feb., Led by Commercial Decline
Bedford, MA, March 21, 2024—Total construction starts fell 8% in February to a seasonally adjusted annual rate of $1.07 trillion, according to Dodge Construction Network.
Fed Faces Interest Rate Conundrum
New York, NY, March 21, 2024—"The Federal Reserve is still aiming to lower interest rates later this year, and for many U.S. households and small businesses those rate cuts can’t come soon enough,” reports the Wall Street Journal. “But for big companies able to tap the corporate bond market, and for investors riding a rising stock market, relief from the Fed doesn’t seem all that necessary.
Myers Carpet Opens New Location in Atlanta
Atlanta, GA, March 21, 2024—Myers Carpet Company announces the opening of a new floorcovering store in Atlanta, Georgia, located at 926 Chattahoochee Avenue, N.W.
Jane Stanfield, Daughter of Shelby Peeples, Has Died
Dalton, GA, March 21, 2024—Jane Peeples Stanfield, age 68, daughter of Shelby Peeples, died March 18, following a battle with pancreatic cancer.
Milliken Completes ISO/IEC 27001
Spartanburg, SC, March 21, 2024—Milliken & Company recently completed the ISO 27001:2022 (ISO/IEC 27001) certification process for information security management systems (ISMS) as part of the company's commitment to data privacy and security.
Initial Jobless Claims Declined by 2,000 in Week Ending March 16
Washington, DC, March 21, 2024—In the week ending March 16, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 2,000 from the previous week's revised level, according to the Department of Labor.
Jiashiyibao Forms Partnership with Unilin for Four Technologies
Waregem, Belgium, March 21, 2024—Zhejiang Jiashiyibao Flooring Co. Ltd. (Jiashiyibao) entered into licensing agreements with Unilin for four technologies.
Architectural Billings Score Rose to 49.5 in February
Washington, DC, March 20, 2024-Architecture firm billings continued to decline in February, with an AIA/Deltek Architecture Billings Index (ABI) score of 49.5 for the month. However, February’s score marks the most modest easing in billings since July 2023 and suggests that the recent slowdown may be receding.
Mortgage Applications Declined 1.6% in Week Ending March 15
Washington, DC, March 20, 2024— Mortgage applications decreased 1.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 15, 2024.