May Pending Home Sales Increased 0.7% from April but Remain Down YOY
Washington, DC, June 27, 2022-The Pending Home Sales Index inched up 0.7% to 99.9 in May, according to the National Association of Realtors (NAR).
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Durable Goods Orders Rose 0.7% in May
Washington, DC, June 27, 2022—New orders for manufactured durable goods in May increased $1.9 billion or 0.7% to $267.2 billion, the U.S. Census Bureau announced.
Diesel Prices Forcing Loggers to Cease Operations
Sterling, VA, June 27, 2022—Record-breaking diesel fuel prices are forcing some logging and trucking operations to shut down, reports the Decorative Hardwoods Association.
Hero Flooring to Represent Ntgrate Products in North America
Henderson, NV, June 27, 2022—Ntgrate premium woven vinyl announces that Hero Flooring has been named the national distributor for its lines in the North American market.
Russian Hardwood Plywood Imports Rose in Early '22, Despite Tariffs
Sterling, VA, June 27, 2022— Despite the Russia-Ukraine war and subsequent tariffs, imports of Russian hardwood plywood grew by 44% in the first four months of this year versus the same period last year, reports the Decorative Hardwoods Association.
Architecture Billings Dip Slightly in May but Remain Positive
Washington, DC, June 24, 2022-The Architecture Billings Index (ABI) score for May was 53.5, according to a report from The American Institute of Architects (AIA).
New-Home Sales Rose 10.7% in May
Washington, DC, June 24, 2022—Sales of new single-family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.7% above the revised April rate of 629,000 but 5.9% below the May 2021 estimate of 740,000.
Consumer Sentiment Declined 14.4% to 50.0 in June
Ann Arbor, MI, June 24, 2022—Consumer sentiment declined 14.4% in June to 50.0, according to final results from the University of Michigan Survey of Consumers.
Shaw & Mohawk Announce Price Increases on Select Products
Dalton, GA, June 23, 2022-Shaw and Mohawk have both announced price increases.
Jobless Claims Declined to 229K in Week Ending June 18
Washington, DC, June 23, 2022-In the week ending June 18, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 2,000 from the previous week's revised level, according to the Department of Labor.