Home Depot Q4 Sales and Earnings Virtually Flat
Atlanta, GA, February 23, 2023-The Home Depot announced sales for Q4 2022 were $35.8 billion, a 0.3% increase from Q4 2021’s $35.7 million.
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Q4 GDP Revised Down Slightly to 2.7%, Economy Showing Strength in Q1
Washington, DC, February 23, 2023-Real gross domestic product (GDP) increased at an annual rate of 2.7% in Q4 2022, according to the second estimate released by the Bureau of Economic Analysis.
Initial Jobless Claims Declined by 3,000 in Week Ending Feb. 18
Washington, DC, February 23, 2023-In the week ending February 18, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 3,000 from the previous week's revised level, according to the Department of Labor.
Multifamily Builder Confidence Inched Up but Remained Negative in Q4
Washington, DC, February 23, 2023-While the two main confidence indexes for multifamily housing increased slightly in Q4, they both remained in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).
Mohawk Rebrands Five Star Loyalty Program as Edge Store
Calhoun, GA, February 23, 2023—Mohawk has rebranded its Five Star program as Edge Store.
Spartan Expands into Colorado
Bel Air, MD, February 23, 2023—Spartan has expanded to Colorado.
Feizy Names Michael Bauer Director of Trade Relations
Dallas, TX, February 23, 2023—Rug manufacturer Feizy Rugs welcomes Michael Bauer as the director of trade relations.
Jan. Architecture Billings Index Score Rose to 49.3, New Project Interest Up to 55.2
Washington, DC, February 22, 2023-The Architecture Billings Index (ABI) score for January was 49.3 compared to 48.4 in December (any score below 50 indicates a decline in firm billings), according to the American Institute of Architects (AIA).
Total Construction Starts Declined 27% in January, Says Dodge
Hamilton, NJ, February 22, 2023-Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%.
Mortgage Applications Declined 13.3% in Week Ending February 17
Washington, DC, February 22, 2023—Mortgage applications decreased 13.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 17, 2023.