Articles

Elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines continue to drag down builder sentiment. Read More

dvance estimates of U.S. retail and food services sales for October 2022 were $694.5 billion, up 1.3% from the previous month, and 8.3% above October 2021, the U.S. Census Bureau announced. Read More

Lowe’s reported net sales for Q3 2022 were $23.5 billion, a 2.6% increase compared to sales of $22.9 billion in Q3 2021. Comparable sales increased 2.2%. Comparable sales for the U.S. home improvement business increased 3.0% for Q3. Read More

The Home Depot reported sales of $38.9 billion for Q3 2022, an increase of 5.6% from Q3 2021’s $36.8 billion. Read More

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported. Read More

Consumer sentiment declined 8.7% to 54.7 in early November, according to preliminary results from the University of Michigan Survey of Consumers. Read More

Housing affordability fell to its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012 as rising mortgage rates, ongoing building material supply chain disruptions, high inflation and elevated home prices pushed the housing market into a recession. Read More

The number of job openings increased to 10.7 million on the last business day of September, the U.S. Bureau of Labor Statistics reported. Read More

Personal income increased $78.9 billion, or 0.4 percent at a monthly rate, while consumer spending increased $113.0 billion, or 0.6 percent, in September. Read More

Mohawk announced sales of $2.9 billion in Q3 2022, an increase of 3.6% compared to sales of $2.8 billion in Q3 2021. For the same period, the company reported a net loss of $534 million, compared to earnings of $271 million in Q3 2021. Read More