Consumer Sentiment Rose 0.8% in Early February, Up 19% YOY
Ann Arbor, MI, February 16, 2024—Consumer sentiment rose 0.8% to 79.6 in early February, according to preliminary results from the University of Michigan Survey of Consumers.
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Housing Starts Declined 14.8% in January, Driven by Multifamily Weakness
Washington, DC, February 16, 2024-Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,331,000, 14.8% below the revised December estimate of 1,562,000 and is 0.7% below the January 2023 rate of 1,340,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.
Producer Prices Rose 0.3% in January
Washington, DC, February 16, 2024—The Producer Price Index for final demand increased 0.3% in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Construction Input Prices Rose 1.0% in January
Washington, DC, February 16, 2024—Construction input prices increased 1.0% in January compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.9% for the month.
WSLA Alumnae Group Announces Class of 2024
Scottsdale, AZ, February 16, 2024—The WSLA Alumnae Group announced this year’s stellar sustainability leaders in a live and virtual Women in Sustainability Leadership Awards (WSLA) ceremony February 14, 2023, during GreenBiz at the Scott Resort and Spa in Scottsdale, Arizona.
Builder Sentiment Posts Third Consecutive Gain in February
Washington, DC, February 15, 2024-Builder confidence in the market for newly built single-family homes climbed four points to 48 in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released. This is the highest level since August 2023.
Retail Sales Declined 0.8% in January
Washington, DC, February 15, 2024—Advance estimates of U.S. retail and food services sales for January 2024 were $700.3 billion, down 0.8% from the previous month and up 0.6% above January 2023, according to the U.S. Census Bureau.
Import & Export Prices Rose 0.8% in January
Washington, DC, February 15, 2024—Prices for U.S. imports advanced 0.8% in January following a 0.7% decline the previous month, the U.S. Bureau of Labor Statistics reported.
Shaw Invests in Wind Energy Through BHE Renewables
Dalton, GA, February 15, 2024—Shaw Industries announces a virtual power purchase agreement (VPPA) with BHE Renewables, a Berkshire Hathaway Energy business.
Industrial Production Declined 0.1% in January
Washington, DC, February 15, 2024—Industrial production edged down 0.1% in January after recording no change in December, according to the Federal Reserve.