Single-family housing starts declined in April as builders faced continued economic uncertainty and affordability challenges, including higher construction costs, ongoing labor shortages and elevated financing expenses, according to the National Association of Home Builders (NAHB). Overall housing starts decreased 2.8% …
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Building Material Prices Reach 3-Year High in April
Prices rose across goods and services used in residential construction in April due to rising energy and transportation service prices, according to NAHB’s Eye on Housing. Building material prices, excluding energy, rose at their highest yearly rate in three years, …
Read More »Existing Home Sales Slightly Up in April
Existing home sales edged up in April after reaching a nine-month low in March, but sales remained at historically low levels, according to an analysis from the National Association of Home Builders. Elevated mortgage rates and inflation driven by the …
Read More »U.S. Economy Adds 115,000 Jobs in April, Construction Sector Sees Gains
Job growth persisted in April despite elevated interest rates and rising geopolitical uncertainty related to the Iran conflict, according to the National Association of Home Builders. The unemployment rate held steady at 4.3% in April and wage growth accelerated, with …
Read More »Sunshine Ace Hardware Announces April Fundraiser for Children’s Miracle Network
Sunshine Ace Hardware announced it will hold a monthlong fundraiser in April to raise awareness and support for Children’s Miracle Network. Across multiple Southwest Florida Sunshine Ace locations, customers can round up their purchase or choose to donate a specific …
Read More »On the Web: April
There’s much more to discover from the April edition of Hardware Retailing. Browse the links below to uncover new innovations, trends and resources to lead your operation to success.
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