Home » Industry News (page 439)

Industry News

Manufacturing Expands at a Slower Rate

Economic activity in the manufacturing sector expanded in May for the 12th consecutive month, and the overall economy grew for the 60th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report on Business. To find out …

Read More »

New Home Loan Rates Remain Stable

The average characteristics of conventional mortgages used to buy newly built homes were little changed in April, according to data released earlier today by the Federal Housing Finance Agency (FHFA).  The average contract interest rate declined a scant 2 basis points to 4.19 percent, while …

Read More »

No Change in Builder Confidence

Builder confidence in the market for newly built, single-family homes in May fell one point to 45 from a downwardly revised April reading of 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).  Derived from a monthly …

Read More »

Home Depot Launches New Customer Order Management System

homee

Home Depot launched its first in-store implementation of its new customer order management system (OMS), according to the company’s recent shareholders conference call. According to executives, Home Depot will roll out the OMS across the U.S. by the end of …

Read More »

Lowe’s Faces Possible Lawsuit for False Advertising

Lowe’s is facing a proposed class action alleging packages of its proprietary mulch brand. According to official reports, plaintiffs Amy Joseph and Glenn McMillan filed a federal complaint claiming Lowe’s and its suppliers Lebanon Seaboard Corp. and Oldcastle Lawn & …

Read More »