Congoleum Ceases Operations at New Jersey Tile Plant
Trenton, NJ February 24, 2022- Congoleum Flooring ceased operations at its Trenton, New Jersey tile plant on February 23.
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Consumer Sentiment Down 6.5% in Feb. to 62.8, Lowest Level in a Decade
Ann Arbor, MI, February 25, 2022-Consumer sentiment slid 6.5% in February to 62.8, according to final results from the University of Michigan Survey of Consumers.
Home Improvement Spending To Increase At Faster Page in 2022
Cambridge, MA, February 25, 2022-Expenditures for improvements to the owner-occupied housing stock are expected to increase at a faster pace in most of the nation’s largest metropolitan areas this year, according to projections released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Pending Home Sales Declined 5.7% in January
Washington, DC, February 25, 2022-The Pending Home Sales Index (PHSI) fell 5.7% to 109.5 in January, the National Association of Realtors reported.
Continued Low Mortgage Rates Will Stress Spring Selling Season
New York, NY, February 25, 2022-Mortgage rates hovered just below 4% for a second week, maintaining stress on potential buyers facing high prices and low inventory, according to the Wall Street Journal.
Confidence in Multifamily Market Rose in Q4
Washington, DC, February 25, 2022-Confidence in the market for new multifamily housing improved in Q4 2021, according to results from the Multifamily Market Survey released today by the National Association of Home Builders (NAHB).
Personal Income Rose Slightly in January, Spending Up 2.1%
Washington, DC, February 25, 2022—Personal income increased $9.0 billion (less than 0.1%) in January, according to estimates released by the Bureau of Economic Analysis.
Durable Goods Orders Rose 1.6% in January
Washington, DC, February 25, 2022—New orders for manufactured durable goods in January increased $4.3 billion or 1.6% to $277.5 billion, the U.S. Census Bureau announced.
Shaw Wins Three 2022 North Georgia Best of the Best Awards
Dalton, GA, February 25, 2022—Shaw Industries has been named the top winner in three employer categories for the Chattanooga Times Free Press 2022 North Georgia Best of the Best awards.
Q4 GDP Revised Up to 7% in Second Estimate
Washington, DC, February 24, 2022-Real gross domestic product (GDP) increased at an annual rate of 7.0% in Q4 2021, following an increase of 2.3% in Q3, according to the Bureau of Economic Analysis.