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Feb 24, 2021 / The Right News Right When It Happens

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Lowe's Sales Rise 27% in Q4, 25% for Fiscal Year 2020

Mooresville, NC, February 24, 2021—Lowe’s Companies reported sales for Q4 2020 of $20.3 billion, a 27% increase compared to sales of $16.0 billion in Q4 2019.

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Single-Family Home Sales Rose 19.3% YOY in January

Washington, DC, February 24, 2021-Sales of new single-family houses in January 2021 were at a seasonally adjusted annual rate of 923,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

AIA Architecture Billings Index Rose to 44.9 in January

Washington, DC, February 24, 2021—The American Institute of Architects’ (AIA) Architecture Billings Index (ABI) score for January was 44.9* compared to 42.3 in December (any score below 50 indicates a decline in firm billings).

Pandemic Pushed First-Time Homebuyers into Higher-Priced Homes

Washington, DC, February 24, 2021—The Covid-19 pandemic greatly impacted the first-time homebuyer’s path, moving them into a higher-priced rank of homes, reports Forbes.

Mortgage Applications Slid 11.4% in Third Week of February

Washington, DC, February 24, 2021—Mortgage applications decreased 11.4% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 19, 2021.