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Nov 17, 2021 / The Right News Right When It Happens

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Construction Starts Up 16% in October

Hamilton, NJ, November 17, 2021-Total construction starts pushed 16% higher in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network.

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October Architecture Billings Index Inched Down to 54.3

Washington, DC, November 17, 2021-The Architecture Billings Index (ABI) score for October was 54.3, according to a report from The American Institute of Architects (AIA).

October Housing Starts Down 0.7% from September, but Up 0.4% YOY

Washington, DC, November 17, 2021- Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,520,000, 0.7% below the revised September estimate of 1,530,000 but 0.4% above the October 2020 rate of 1,514,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.

Lowe's Q3 Sales up 2.7%, Earnings Up 274.6%

Mooresville, NC, November 17, 2021-Lowe’s reported total sales for Q3 2021 were $22.9 billion, a 2.7% increase compared to $22.3 billion in Q3 2020.

Mortgage Applications Declined 2.8% in Second Week of November

Washington, DC, November 17, 2021-Mortgage applications decreased 2.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 12, 2021.

Stanton Implements Freight Surcharge on LVT Products

Woodbury, NY, November 17, 2021-Stanton Carpet announced a price increase on luxury vinyl plank due to the fact that rising costs for container freight continue to rapidly escalate.