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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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Lignetics Acquires New England Wood Pellet

Monday, April 16, 2018

In February, Lignetics, Inc. announced the acquisition of New England Wood Pellet LLC, which includes manufacturing plants in Jaffrey, New Hampshire; Schuyler, New York; Deposit, New York; and Youngsville, Pennsylvania, giving Lignetics a strong...

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March Retail Sales Increased 5% Over Last Year

Monday, April 16, 2018

March retail sales increased 0.3% seasonally adjusted over February, and 5% year-over-year as the economy continued to grow, the National Retail Federation (NRF) said today. The numbers exclude automobiles, gasoline stations, and restaurants....

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Outdoors Is the New Indoors

Wednesday, April 11, 2018

According to new research, consumers use their Outdoor Rooms for pretty much everything they can do indoors – from using cellphones for calls and games to working on computers, watching TV, eating, exercising and, of course, relaxing....

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