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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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Birth of a Brand

Monday, July 9, 2018

In an interview with Mike Gaylord of Agio, he explains the reasoning behind the creation of the company’s new brand – Apricity – and why retailers must begin their buying process six months earlier than they do now....

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Specialty Retailers Now Have Their Moment in the Sun

Friday, July 6, 2018

Agio, the industry leader in outdoor furniture, introduces Apricity for Spring 2019, a new brand innovation in outdoor living. Scores of retailers, buyers, and industry executives coming to the ICFA Preview Show are already buzzing with excitement before...

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