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New Home Sales Show Strength in September

Thursday, November 2, 2017

September's new home sales data delivered some positive news for a housing market that has recently shown signs of sluggishness. Sales contracts for newly-built, single-family homes grew 18.9% in September and are running 8.6% higher on a year-to-date basis.

Inventory levels of new homes have been rising, but currently register at only a five-months' supply. Moreover, the largest gains in new-home sales are homes listed in inventory but that have not begun construction – a clear signal that additional home building is needed.

Another indication of unmet demand is the rise in home prices, which recently posted an annual gain of 6.1%, according to the Case-Shiller Index. However, the higher prices have not negatively affected the national homeownership rate, which increased to 63.7% during the second quarter, making it the fifth consecutive quarter of noticeable gains. Recent gains for homeownership appear to mark a turning point for housing demand.

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CUI Acquires Total Hearth & Grill

Wednesday, March 14, 2018

CUI, based in Simpsonville, South Carolina, is pleased to announce the purchase of Total Hearth & Grill, LLC and the retention of all employees and warehouses in Mt. Sterling, Kentucky, and Richmond, Virginia....

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Big Green Egg Launches NEW EGGspander

Wednesday, March 14, 2018

Versatility is the name of the game with a Big Green Egg; you can perfectly prepare anything from a steakhouse-style porterhouse to a lasagna or peach cobbler in the same grill!...

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Agio Taps Jim Kemp for Product Development VOP

Wednesday, March 14, 2018

Jim Kemp has been named vice president, Product Development for Specialty at Agio, USA. He is responsible for ensuring new products are developed that satisfy the unique demands of Patio Specialty retailers and their customers....

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