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NKBA Releases 2022 Design Trends Report

The National Kitchen & Bath Association (NKBA) released its annual Design Trends report. The 2022 study, a deep dive into all aspects of both kitchen and primary bathroom design, forecasts the styles, features, materials and innovations expected to be most popular over the next two to three years. Read More

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Lowe's Q3 Sales up 2.7%, Earnings Up 274.6%

Lowe’s reported total sales for Q3 2021 were $22.9 billion, a 2.7% increase compared to $22.3 billion in Q3 2020. Read More

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October Housing Starts Down 0.7% from September, but Up 0.4% YOY

Washington, DC, November 17, 2021- Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,520,000, 0.7% below the revised September estimate of 1,530,000 but 0.4% above the October 2020 rate of 1,514,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced. Read More

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Construction Starts Up 16% in October

Total construction starts pushed 16% higher in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network. Nonresidential building starts gained 29% and nonbuilding moved 52% higher in October, while residential starts lost 8%. Read More

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Import Prices Rose 1.2% in October

U.S. import prices rose 1.2% in October following a 0.4% advance in September, the U.S. Bureau of Labor Statistics reported.  Read More

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October Retail Sales Rose 1.7%, Marking A Good Start to Holiday Shopping

U.S. retail and food services sales for October 2021 were $638.2 billion, an increase of 1.7% from the previous month and 16.3% above October 2020, according to the U.S. Census Bureau. Read More

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Builder Sentiment Rose 3 Points to 83 in November

Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges-including building material bottlenecks and lot and labor shortages-remain stubbornly persistent. Read More

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Home Depot Sales Rose 9.8% in Q3, Earnings Up 20.3%

The Home Depot reported sales of $36.8 billion for Q3 2021, an increase of 9.8% from Q3 2020’s $33.5 billion. Comparable sales for Q3 2021 increased 6.1%, and comparable sales in the U.S. increased 5.5%. Read More

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Premium Ocean Shipping Rates Fell 25% Last Week, Ports Still Clogged

The cost to move a container across the Pacific fell by more than one-quarter last week, the biggest decline in two years, reports the Wall Street Journal. This applies to premium, not contract buy, rates; most flooring importers don't buy at this premium rate.  Read More

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Despite Headwinds, First-Time Homebuyers Rose to 34%

Despite the highest home prices ever, fierce competition, and a nationwide housing shortage, more first-time buyers become homeowners during the Covid-19 pandemic, reports the National Association of Realtors Read More