Posts Tagged ‘ Federal Reserve ’

HMI Shows Builder Confidence Up for Second Month

Feb 16th, 2023

Mortgage rates were a contributing factor that helped provide “solid” gains in builder confidence for the second consecutive month, said officials for the National Association of Homebuilders (NAHB). NAHB views recent improvement as a signal that the housing market may be turning a corner, officials said, even as builders continue to contend with high construction […]

Builders Return from IBS to a Tepid Market

Feb 6th, 2023

February opened on a week of mixed feelings for attendees of the National Association of Home Builders’ (NAHB) International Builders Show (IBS). With more than 110,000 professionals cross pollenating between IBS and the Kitchen & Bath Industry Show, the scene was busy and jubilant—marking Design & Construction Week’s largest attendance ever. “I’ve been to more […]

Interest Rates Shaping Home Sales

Dec 6th, 2022

In the most recent edition of the National Association of Home Builders’ (NAHB) biweekly newsletter, Eye on the Economy, NAHB chief economist Robert Dietz provided a housing industry overview that found weaker demand is causing home prices to fall. Pointing to the recent stabilization in mortgage interest rates and an anticipated tighter monetary policy from […]

Why are ‘They’ Trying to Push Us into a Recession!

Oct 11th, 2022

If you have followed the economic activity over the past few months, it seems to be a head scratcher. This past week, the economy created more jobs, but the stock market tumbled. And the Federal Reserve says they are going to hike interest rates again. This is going to make borrowing more expensive and although, […]

FGIA Fall Conference Addresses Dynamic Glass Tax Code Incentives, Inflation Concerns

Oct 6th, 2022

The Fenestration and Glazing Industry Alliance (FGIA) Hybrid Fall Conference’s regulatory and legislative report dove into inflation concerns, tax code incentives embedded in the Inflation Reduction Act, FGIA public comments, along with additional topics concerning the U.S. fenestration and glazing industry. The report, presented by FGIA U.S. technical operations director Kathy Krafka Harkema, opened with […]

Feds Step in to Address Inflation, Supply Chain and Energy Conservation

Jun 21st, 2022

Discussion of rising fuel and inflation prices made its way into the recent meeting of the Fenestration and Glazing Industry Alliance (FGIA) as the industry continues to grapple with rising costs. Kathy Krafka Harkema, U.S. technical operations director, provided an overview of inflation and other obstacles, at FGIA’s 2022 Virtual Summer Conference the week of […]

Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation

Jun 17th, 2022

The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. Door and window industry executives say the increase is necessary but it is likely to test companies’ resolve. Recording-Breaking Rates The rate hike is the […]

As Housing Cools to a Normal Pace, Here’s What to Watch

Jan 27th, 2022

While the impacts of COVID-19 have worked to “cool off” the new homes market, analysts at the National Association of Home Builders (NAHB) predict total housing starts for the single-family market are expected to continue growing, albeit at more modest patterns. The association predicts an increase from around 1,099,000 units in 2021 to 1,110,000 in […]

Federal Reserve Using ‘Full Range of Tools’ to Keep Economy Going

Sep 29th, 2020

Following initial economic impacts in early 2020, door and window companies consistently report that they’re pleasantly surprised—if not perplexed—by robust demand amid COVID-19. “Quite frankly, I’m surprised that demand has been what it is,” says Jeff Jackson, president and CEO of PGT Innovations. But upticks in consumer spending among such things as home improvement projects […]

Could the Current Coin “Shortage” Affect Your Business?

Jul 31st, 2020

Yet another casualty of COVID-19 is a shortage of coins in the U.S., according to media reports and confirmed from the Federal Reserve. This may or may not be affecting retail door and window businesses, as most people pay via credit card. And many retail stores had already stopped accepting cash, as an extra precaution […]

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