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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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Empire Comfort Systems Acquires Primo Ceramic Grills

Friday, October 11, 2019

Empire Comfort Systems, the owner of Broilmaster Premium Grills, is pleased to announce the purchase of Primo Ceramic Grills. This acquisition will increase Empire’s presence in the premium grill market while complementing the current business strategy....

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Retail Imports to See Surge Ahead of December Tariffs

Thursday, October 10, 2019

Imports at the nation’s major retail container ports are expected to hit their highest level of the year again next month, just before more tariffs take effect in December, according to the Global Port Tracker recently released by the National Retail...

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