News

The Multifamily Production Index (MPI), a leading indicator for the multifamily market released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th …

The Federal Housing Administration is overhauling a long-held policy of charging extra interest payments on loans it insures to borrowers who have already paid off the principal debts on their mortgages. FHA has permitted its lenders to charge borrowers a …

Home Depot’s recent security lapse was a result of the same malware that attacked Target months ago. Krebs on Security reports that last week’s Home Depot. hack was “aided in part by a new variant of the same malicious software program …

The Hardware Retailing Magazine Index soared in August, jumping 124.69 points, or 10.24 percent, closing at 1342.35, easily a record, and the highest index reading since December, 2013. Only Sears ended the month in negative terrain. The Commerce Department reported …

As the economy is continuing to improve, Baby Boomers and Millenials are moving to opposite locations based on their current needs. According to an article by Realtor Mag, 17 million American move to a different county each year. Millenials are …

Social media outlet Twitter is testing a “buy now” button on tweets, allowing users to shop for products without leaving Twitter. According to Marketing magazine, Burberry and Home Depot are the only two retail brands testing the service, while other …

Last weekend, visitors from around the world gathered in Cologne, Germany, for spoga+gafa, the world’s largest lawn, garden, and outdoor living trade fair. And the numbers show it was a popular event, with more than 36,000 attendees from more than …

A fifth-generation hardware store in Arlington, Minnesota, is celebrating 125 years of service in the local community. Current owner Dick Thomes, who has worked at the store since he was 12 years old, says his great-grandfather, Nick Thomes, opened the …