Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors.
The 43 members of the National Floorcovering Alliance (NFA) opened their spring meeting at the Grand Hyatt in Vail, Colorado, with roundtable discussions aimed at making their businesses more proficient and profitable amid ever-changing market conditions.
Building Talent Foundation (BTF) announced the main findings of a residential construction workforce engagement study designed to probe into tradespeople opinions about their career plans.
Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November.
Ongoing external challenges like labor shortages, supply chain disruptions, spiking inflation, and prospects for rising interest rates will likely slow the growth in firm billings in the coming months.