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Tag Archives: May

Inflation Slows in June Amid Lower Energy Prices

July inflation

Inflation slowed to 3.5% in June, down from a three-year high in May, largely driven by a ceasefire agreement in mid-June that stabilized oil markets and lowered energy prices. The decline in energy prices offset increases in shelter and food, …

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Construction Job Openings Up in May

The number of open positions in the construction sector increased in May, according to the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from three years ago due to …

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Housing Starts Drop in May

May housing starts

Housing starts decreased 15.4% in May, primarily driven by a drop in multifamily construction, while single-family building also fell amid high interest rates, rising construction costs and labor shortages, according to the National Association of Home Builders. The May reading …

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Inflation Up in May

May inflation

Inflation rose in May to the highest rate in three months, according to the latest Consumer Price Index released by the Bureau of Labor Statistics. The all items index rose 4.2% for the 12 months ending May, after rising 3.8% …

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Mortgage Application Activity Declines in May Amid Rising Rates

Mortgage application activity declined in May as higher mortgage rate continued to impact the market, according to the National Association of Home Builders (NAHB). At the same time, adjustable-rate mortgages (ARM) gained traction.  The Mortgage Bankers Association’s (MBA) Market Composite …

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Ways to Maximize National Home Remodeling Month

remodeling in residential construction

May is National Home Remodeling Month and many local home builder associations are hosting home shows and parades of homes in honor of the month-long celebration. The National Association of Home Builders (NAHB) recommends the following eight ways to connect …

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On the Web: May

On the Web

There’s much more to discover from the May 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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