New data from the National Association of Realtors® (NAR) shows pending home sales jumped 8 percent in May, up more than 13 percent from the same period in 2020. The association monitors home sales trends in four U.S. regions, all …
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Product Shortages Causing Builders to Raise Prices, Preorder
It’s no secret that building materials are in short supply and the price of lumber and other supplies has increased significantly. In May 2021, the National Association of Home Builders (NAHB) surveyed builders in its annual Housing Market Index. Builders …
Read More »Add Your Voice to the Small Business Rising Movement
Small Business Rising, a new coalition of independent businesses, launched in April urging policymakers to reign in monopolies and level the playing field for independent businesses to compete and serve the needs of their communities. Hardware Retailing recently spoke to …
Read More »How COVID-19 Affected June Home Improvement
Market research firms The Farnsworth Group and the Home Improvement Research Institute have released their final COVID-19 tracker report, highlighting the many ways in which the pandemic has affected home improvement DIYers and pros. Take a look at the latest …
Read More »U.S. Adds 850,000 Employees to Workforce in June
The U.S. Bureau of Labor Statistics released its Employed Situation for June 2021, which reported 850,000 jobs were added in June. The number of new jobs added exceeded the expectations of 720,000 and is well above May’s gains of 583,000. …
Read More »3 Reasons Why You Should Participate in the Cost of Doing Business Study
The deadline for the North American Hardware and Paint Association (NHPA)’s 2021 Cost of Doing Business Study has been extended to July 15. The study is the only inclusive industry benchmarking study—giving you a complete analysis of how your business …
Read More »Blish-Mize Invests $6M in Distribution Center Logistics Upgrades
In December 2020, Blish-Mize embarked on a $6 million investment in its Atchison Distribution Center to continue the company’s commitment to staying agile and delivering in-demand products to customers quickly and efficiently. The investment—a brand new conveyor system—included replacing all …
Read More »Shedding Light on What Motivates Your Shoppers
In April, home improvement sales grew 33 percent from the year prior, fueled by continued DIY momentum. New data from the Home Improvement Research Institute (HIRI) reveals what projects DIYers are completing and what’s motivating them to tackle these home …
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