Posts Tagged ‘ Federal Reserve ’

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 […]

Recent Data Supports Positive Industry Outlook

Jun 15th, 2020

In a huge upside surprise the U.S. economy added 2.5 million jobs in May – consensus estimates were looking at a potential decline in employment of between four to eight million jobs, according to a recent report from Dodge Data & Analytics. May’s net addition to employment follows declines of 1.4 million in March and […]

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