Americans are buying fewer refrigerators, stoves and other household cooking appliances and that’s hurting the nation’s 95 household cooking appliance manufacturers, the U.S. Census Bureau said Tuesday. Shipments of household cooking appliances were valued at $4.3 billion in 2012, a …
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Retail Full-Time Hiring Down, Part-Time Hiring Up in 2014 Second Half
Part-time hiring is expected to lead full-time hiring among U.S. retailers in the second half of 2014, according to a new survey from WorkInRetail.com. Thirty-five percent of retailers plan to hire full-time, permanent employees from July through the end of …
Read More »International Home Buyers Continue to Invest in U.S. Market
Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments. According to the National Association of Realtors’ 2014 Profile of International Home Buying Activity, for …
Read More »As Retailers Worry About Port Strike, Imports Surge
Facing uncertainty over an unsettled labor dispute between West Coast dockworkers and the operators of port terminals and shipping lines, imports are expected to reach their highest monthly volume in at least five years in July, according to the Global …
Read More »Pending Home Sales Spike
Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®. All four regions of the country saw increases in pending sales, with the Northeast and West …
Read More »Home Improvement Manufacturers Share Positive Sentiments
The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index improved in June to 337.5 from 320.8 in May. Manufacturers also indicate plans to invest in mobile devices and confirm the importance of a strong housing …
Read More »Average 30-Year Mortgage Rate at 4.17 Percent
Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17 percent from 4.20 percent last week. The average for the …
Read More »Commercial Real Estate Market Shows Signs of Improvement
The outlook for all of the major commercial real estate sectors is slightly improving across the country despite disappointing economic growth during the first quarter of 2014. According to the National Association of Realtors quarterly commercial real estate forecast and …
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