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Overall Housing Starts Down in May

May housing starts

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts in May decreased 9.8% to a seasonally adjusted annual rate of 1.26 million units. Single-family starts increased 0.4% to a 924,000 seasonally …

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CNRG Names New President

Craig Cowart

Central Network Retail Group (CNRG)—a wholly owned subsidiary of Orgill, comprised of 143 stores and 18 brands in 16 states—announced that Craig Cowart has been promoted to the role of company president. Cowart had been serving as chief operating officer …

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Retail Sales Continue to Grow in May

May retail sales

Retail sales in May continued to grow despite a slowdown on stocking up ahead of tariffs, according to the CNBC/National Retail Federation’s (NRF) Retail Monitor. “The data for May indicates that the pull-forward in consumer demand ahead of tariffs is …

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Labor Shortages Stunt New Housing Production

NAHB study labor shortages

A study released by the Home Builders Institute (HBI) in collaboration with the National Association of Home Builders (NAHB) revealed that the impact of labor shortages on the residential construction industry is significantly responsible for the lost production of many …

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