Housing Starts Fell 18.7% in October
Washington, DC, December 16, 2016—Privately owned housing starts in November were at a seasonally adjusted annual rate of 1,090,000, according to the Commerce Department.
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Winners of Tile of Spain Awards Announced
Miami, FL, December 16, 2016—Tile of Spain announces the winners of the fifteenth annual Tile of Spain Awards of architecture and interior design.
Federal Reserve Hikes Interest Rate and The Dollar Surges
Washington, DC, December 15, 2016—The Federal Reserve increased its key interest rate by 0.25% on December 14, signifying its confidence in the strength of the U.S. economy.
Builder Confidence Jumped Seven Points Post-Election
Washington, DC, December 15, 2016—Builder confidence in the market for newly-built single-family homes jumped seven points to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Domotex asia/Chinafloor to Host Distributor Delegation for 2nd Year
Shanghai, CH, December 15, 2016—For the second year in a row, Domotex asia/Chinafloor will host a delegation of leading North American distributors to meet with suppliers from China and Asia.
Consumer Prices Inched Upward in November
Washington, DC, December 15, 2016—The Consumer Price Index for All Urban Consumers increased 0.2% in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics has reported.
Home Sales Expected to Expand Modestly in 2017, NAR
Washington, DC, December 15, 2016—Existing-home sales are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home, according to new consumer survey findings
October Foreclosure Inventory Falls 31.5% YOY
Irvine, CA, December 14, 2016—Foreclosure inventory declined by 31.5% and completed foreclosures declined by 24.9% compared with October 2015, according to CoreLogic’s October 2016 National Foreclosure Report.
BASF Announces Increase for Caprolactam & Polyamide Polymer
Wyandotte, MI, December 14, 2016--BASF will increase prices for caprolactam and polyamide (PA) polymer by $0.08 per pound in North America, effective January 1, 2017 or as contracts allow.
Oct. Distributive Trade Sales & Manufacturers' Shipments Up 0.8%
Washington, DC, December 14, 2016—The combined value of distributive trade sales and manufacturers’ shipments for October was estimated at $1,326.8 billion, up 0.8% from September 2016 and was up 2.1% from October 2015, the U.S. Census Bureau announced.