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Industry News

Labor Shortages Stunt New Housing Production

July building materials prices

A study released by the Home Builders Institute (HBI) in collaboration with the National Association of Home Builders (NAHB) revealed that the impact of labor shortages on the residential construction industry is significantly responsible for the lost production of many …

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Walmart Launches AI Shopping Assistant for Customers

Walmart AI assistant

Walmart recently announced the launch of a new GenAI-powered shopping assistant, Sparky. Using the smiling, “Ask Sparky” button in the Walmart app, Walmart customers can use Sparky to search for items, synthesize reviews and answer product questions. Walmart also announced …

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Lowe’s Announces Creator Network, MrBeast Partnership

Lowe's Creator Network

Lowe’s announced the launch of its home improvement creator network, designed for DIY creators and built for creators of all sizes. The Lowe’s Creator Network helps creators share project-driven stories that build affinity for their own brand and for Lowe’s. …

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Home Hardware to Launch Farm Assortment Catalogue

Home Hardware farm catalogue

Home Hardware Stores Limited announced it is launching a farm assortment catalogue this month in response to a current gap in farm product availability in Canada. The catalogue will highlight agricultural products and other new items being added to Home …

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Import Cargo Projected to Rise During Tariff Pause

Import cargo expected increase

Import cargo at major U.S. container ports is expected to see a surge throughout the summer as retailers take advantage of a 90-day reduction in tariffs that were recently imposed on China, according to the National Retail Federation and Hackett …

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U.S. Economy Adds 139,000 Jobs in May

May job market

Job growth in the U.S. moderated in May despite ongoing economic and policy uncertainty, with the unemployment rate remaining at 4.2%, according to an analysis by the National Association of Home Builder’s (NAHB) Eye on Housing. Over the past 12 …

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