Existing-Home Sales Rose 3.4% in October
Washington, DC, November 21, 2024—Total existing-home sales expanded 3.4% from September to a seasonally adjusted annual rate of 3.96 million in October, according to the National Association of Realtors.
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Median Family Spends 38% of Income on House Payments
Washington, DC, November 21, 2024—In another sign of America’s ongoing housing affordability crisis, the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in Q3 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.
BDNY 2024 Product Design Winners Announced
New York, NY, November 21, 2024— Winners and finalists of the 2024 Best of BDNY Product Design Competition has been announced.
Cain & Bultman Forms Distribution Partnership with Pliteq
Jacksonville, FL, November 21, 2024—Cain & Bultman has entered into a distribution partnership with Pliteq, Inc.
Tarkett Home Forms Distribution Partnership with Michael Halebian
Solon, OH, November 21, 2024—Tarkett Home has announced a new distributor partnership with Michael Halebian & Co, bringing its hard surface products to a broader customer base in the Mid-Atlantic region.
HMTX Names Chao Chin SVP of Strategy & Corporate Development
Norwalk, CT, November 21, 2024-HMTX Industries has appointed Chao Chin to its Enterprise Leadership Team as senior vice president of strategy & corporate development, highlighting the organization’s commitment to strategic growth.
Roomvo Owner, Leap Tools, Named a Fastest-Growing Tech Company
Toronto, Ontario, November 21, 2024-Leap Tools, the creator of the Roomvo room visualization platform, has been ranked one of the fastest-growing technology companies in North America on the 2024 Deloitte Technology Fast 500.
Initial Jobless Claims Declined by 6,000 in Week Ending Nov. 16
Washington, DC, November 21, 2024-In the week ending November 16, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 6,000 from the previous week's revised level, according to the Department of Labor.
Lowe's Q3 Sales Down 1% YOY, Earnings Down 6%
Mooresville, NC, November 20, 2024—Lowe's reported total sales for Q3 2024 were $20.2 billion, a 1% decline compared to $20.5 billion in the prior-year quarter.
Architecture Billings Turned Positive in October at 50.3
Washington, DC, November 20, 2024—After twenty months of declining billings, the AIA/Deltek Architecture Billings Index (ABI) score for October was 50.3. This score indicates a balance between the number of firms experiencing a decrease in billings and those seeing an increase.