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Multifamily Confidence Declined in Q3

The prospects for continued high levels of multifamily development declined significantly in the third quarter, as did the prospects for continued high occupancy rates, according to results from the Multifamily Market Survey (MMS) released by NAHB. Read More

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Existing Home Sales Declined 5.9% in October

Total existing-home sales decreased 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, according to the National Association of Realtors. Read More

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Single-family housing contraction continues

Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production. Read More

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Multifamily developer confidence down in Q3

The prospects for continued high levels of multifamily development declined significantly in the third quarter, as did the prospects for continued high occupancy rates, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). Read More

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Inflation has peaked

There now are strong indications that inflation is finally easing. And lumber is again setting the trend, with prices down a third from their mid-year 2021 high. Prices of commodities like lumber are often quite volatile, meaning that they can rise rapidly and fall equally quickly. Read More

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Builder confidence declines for 11 months

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

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October Retail Sales Rose 8.3% YOY

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

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Lowe's Sales Rose 2.6% in Q3, Earnings Declined

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

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Home Depot Sales Rose 5.6% in Q3, Earnings Up 4.9%

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

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October Inflation Shows Signs of Easing

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