Home Renovation Will Slow but Spending Will Continue
Washington, DC, October 31, 2022—The housing market has turned cold, but spending on home improvement appears well insulated for now, reports the Wall Street Journal.
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Galleher Expanding Trinity Hardwood in Texas
Houston, Texas, October 31, 2022—Galleher is expanding its presence in Texas to support its acquisition of Trinity Hardwood Distributors in September 2021.
Mariott Led Hotel Construction Pipeline in Q3
Portsmouth, NH, October 31, 2022—The franchise companies with the largest construction pipelines at the end of Q3 2022 are led by Marriott International with 1,385 projects/168,725 rooms, according to the quarterly United States Construction Pipeline Trend Report from Lodging Econometrics (LE).
Mohawk Posts Sales Increase of 3.6% in Q3 with Net Loss of $534M
Dalton, GA, October 28, 2022-Mohawk announced sales of $2.9 billion in Q3 2022, an increase of 3.6% compared to sales of $2.8 billion in Q3 2021.
FEI Group National Conference Focuses on "Positive Disruption"
Marco Island, FL, October 28, 2022-The FEI Group National Conference drew more than 725 members to San Marco Island, Florida this week to discuss "positive disruption," the event's theme.
Consumer Sentiment Rose 2.2% in October
Ann Arbor, MI, October 28, 2022—Consumer sentiment rose 2.2% to 59.9 in October, according to results from the University of Michigan Survey of Consumers.
Pending Home Sales Declined 10.2% in September
Washington, DC, October 28, 2022—The Pending Home Sales Index (PHSI) slumped 10.2% to 79.5 in September, according to the National Association of Realtors.
Commercial Market Will Rebound in 2023, Says ITR
Las Vegas, NV, October 28, 2022-"The nonresidential building sector should plan for a strong 2023, according to Connor Lokar, senior forecaster, ITR Economics,” reports Glass on Web.
Worker Pay & Benefits Rose 5% in Q3
Washington, DC, October 28, 2022—Worker pay and benefits rose rapidly in Q3 from a year before, maintaining pressure on inflation, reports the Wall Street Journal.
Personal Income Rose 0.4% in September, Spending Rose 0.6%
Washington, DC, October 28, 2022—Personal income increased $78.9 billion (0.4%) in September, according to estimates released by the Bureau of Economic Analysis.