Homes Selling at Record Pace Due to Tight Supply
Englewood Cliffs, NJ, June 16, 2017—In May, the average house sat on the market only 37 days, according to a CNBC article called “Home are selling at a record-setting pace…again” by Diana Olick.
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Consumer Sentiment Down 2.7% in June, Up 1.1% Over June '16
Ann Arbor, MI, June 16, 2017—Consumer sentiment fell 2.7% in early June to 94.5 from May’s 97.1, according to preliminary results from the Survey of Consumers. This represents a 1.1% increase over June 2016’s rate.
Housing Starts Fell 5.5% in May, Completions Rose 5.6%
Washington, DC, June 16, 2017—Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,092,000, 5.5% below the revised April estimate of 1,156,000 and is 2.4% below the May 2016 rate of 1,119,000, according to the Commerce Department.
Royalty Carpet Mills Closes Its Doors
Irvine, CA, June 14, 2017—Royalty Carpet Mills has shut its doors, effective immediately.
Builder Confidence Fell Two Points to 67 in May
Washington, DC, June 15, 2017— Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Industrial Production Flat in May
Washington, DC, June 15, 2017—Industrial production was unchanged in May following a large increase in April and smaller increases in February and March.
Balta Launches IPO on Brussels' Stock Exchange
Brussels, Belgium, June 13, 2017—Balta has launched its initial public offering on the Brussels’ stock exchange at 13.25 euros/share.
President of Surya Named EY Entrepreneur of the Year Southeast
Cartersville, GA, June 14, 2017—Satya Tiwari, president of Surya, was presented with the EY Entrepreneur Of The Year 2017 Award in the Family Business category in the Southeast at a special gala event at the College Football Hall of Fame in Atlanta on June 8.
May Retail Sales Fell 0.3% from April, but Up 3.8% YOY
Washington, DC, June 14, 2017—Advance estimates of U.S. retail and food services sales for May 2017 were $473.8 billion, a decrease of 0.3% from the previous month, and 3.8% above May 2016, according to the Commerce Department.
Consumer Prices Fell 0.1% in May
Washington, DC, June 14, 2017—The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1% in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported.