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Tag: Sector

August New Home Sales Confirm That The Long Leading Housing Sector Has Been Surging

Introduction

Housing is a long leading indicator for the economy overall; i.e., it typically peaks over a year before the economy does as a whole, and is also usually one of the first sectors to rebound during a recession.

Thursday morning’s report on August new home sales certainly fit that mold.

Near-15-year high in new home sales is strong confirmation that the long leading housing sector has been surging

As I wrote last week, when housing starts and permits were reported, historically, interest rates have led housing sales and starts, which in turn lead prices, which in turn lead inventory.

Here’s the updated look at mortgage interest rates since the beginning of 2011, measured YoY, vs. single-family housing permits (the least volatile metric), also measured YoY:

Thursday morning the Census Bureau reported new home sales for August. There are two important facts about new home sales:

1. They are the

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How Prefabrication Is Helping the Hospitality Sector

Travellers expect great memories from their hotels and that involves the entire hotel experience, including the bathrooms. The design and functionality of the bathroom is a key factor in customer satisfaction, and thus it must be factored into the overall comfort and quality enjoyed in the hospitality industry, especially in the case of larger hotels or hotel chains, where large numbers of bathrooms must be constructed. Prefabricated bathrooms and other prefabricated elements, using prefabricated construction modelling, such as walls and floors, cater to this need efficiently and also proffer a cleaner, safer workplace, help reduce labour, materials, waste, cost, time and improve occupancy speed.

A favourable bathroom experience has been known to even attract customers and increase earnings. Driven by technological advancement, hotels now provide in-room Wi-Fi, advanced climate control and mirror televisions. To maintain a competitive edge, these facilities are sometimes offered in bathrooms too. Some of the bathroom … Read More