B.I.G. Yarns Rolls Out SustainableYarns Platform
Wielsbeke, Belgium, May 17, 2023—B.I.G. Yarns has unveiled its new “SustainableYarns” platform at Clerkenwell Design Week.
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The Post-Covid Return to Office Has Stalled
New York, NY, May 17, 2023—"When average city office-occupancy rates at the start of the year surpassed 50% for the first time during the pandemic, many landlords viewed this milestone as a sign that employees were finally resuming their former work habits,” reports the Wall Street Journal.
Mortgage Applications Declined 5.7% in Week Ending May 12
Washington, DC, May 17, 2023—Mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 12, 2023.
Home Depot Sales Declined 4.2% in Q2, Earnings Down 8.5%
Atlanta, GA, May 16, 2023-The Home Depot reported sales of $37.3 billion for Q1 2023, a decrease of 4.2% from Q1 2022’s $38.9 billion.
Builder Confidence Jumps Five Points to 50 in May
Washington, DC, May 16, 2023—Builder confidence in the market for newly built single-family homes in May rose five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Retail Sales Rose 0.4% in April
Washington, DC, May 16, 2023—Advance estimates of U.S. retail and food services sales for April 2023 were $686.1 billion, up 0.4% from the previous month, and up 1.6% above April 2022, according to the U.S. Census Bureau.
Household Debt Increased by 0.9% in Q1 2023
New York, NY, May 16, 2023—The Quarterly Report on Household Debt and Credit shows an increase in total household debt in Q1 2023, increasing by $148 billion (0.9%) to $17.05 trillion, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.
Industrial Production Rose 0.5% in April
Washington, DC, May 16, 2023—Industrial production rose 0.5% in April after moving sideways the previous two months, according to the Federal Reserve.
Stump Reports on HD Expo 2023
Charlotte, NC, May 16, 2023—Analyst Stump & Co. reports on HD Expo, “Las Vegas delivered a huge win for the hospitality industry last week, with over 10,000 attendees at the Mandalay Bay Convention Center for the annual HD (Hospitality & Design) Expo.
Distributive Trade Sales & Manu. Shipments Down 1.1% in March
Washington, DC, May 16, 2023—The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,790.8 billion, down 1.1% from February 2023 and was down 0.3% from March 2022, according to the U.S. Census Bureau.