Ultra-low mortgage rates and pent-up demand for single-family homes will offset continued economic uncertainty and a supply shortage in 2021, with the net result being a 3.3% increase in California home sales and a modest 1.3% increase in the median price next year versus 2020, according to a California Association of Realtors forecast published Tuesday.

With only a few months left to go, sales this year are expected to be

Adds details on markets, 2021 forecast

Oct 14 (Reuters) – Australian building materials supplier James Hardie Industries JHX.AX on Wednesday raised its full-year profit forecast and said it expected to post record second-quarter results, boosted by solid demand for its services across markets.

Since the COVID-19 pandemic related shutdowns hammered sales earlier in the year, there has been a recovery in Asia Pacific and European markets.

James Hardie, the world’s biggest fibre cement maker, said the all-time high quarterly sales were “made possible by having all three operating regions deliver growth above market.”

In August, it said sales in North America, one of its biggest markets, were buyoed by homeowners turning to renovation amid the pandemic.

The company increased its fiscal 2021 forecast for underlying net operating profit after tax (NOPAT) to between $380 million and $420 million, from an earlier projection of $330 million and $390 million.

It

The American Trucking Associations (ATA) has released its latest U.S. Freight Transportation Forecast, which predicts freight volumes will grow 36% over the next 11 years. The most recent report, which is a partnership between ATA and IHS Markit, begins with a 2019 baseline and then projects through 2031 the amount of tonnage to be hauled, the revenue collected from those volumes by mode, as well as retail truck sales over that period, and the number of Class 8 vehicles in operation.

“Like the last several editions, we have included historical data for all modes of freight transportation back to 1990,” explained ATA Chief Economist Bob Costello in the report’s opening message. “The historical data is especially useful for gauging growth in each transportation mode, the magnitude of contraction during the recessions, as well as understanding modal share shifts over time.”

According to IHS Markit, total truck tonnage, including for-hire and

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

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Scope of US Home Improvement Market

The year 2020 has been packed full of health and financial challenges for many Americans. Yet for home equity borrowers, there’s been some good news too. Interest rates are low, and the Federal Reserve has indicated that they’re likely to stay that way for the foreseeable future.

© Tom Merton/Getty Images
Home equity rates forecast for 2020

In many situations, leveraging the equity in your home can be a smart strategy. Home equity loans can help you accomplish big-ticket goals like paying for a child’s education, making major home improvements and consolidating higher-interest debt. Better yet, when you borrow against your home equity, you may be able to reach these goals at a low interest cost and without pulling money out of savings.

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Home equity rates in 2020: Initial predictions vs. reality

At the beginning of 2020, no one could have accurately predicted all of the events that

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The global Home Decor market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2025. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to

Key indicators of market growth, which

Market research predicts that the global market for smart homes would witness a CAGR of 15.01% over the forecast period 2019-2027. Smart homes technologies are the ones that utilize electronics & software to increase the comfort of the inhabitants of the house. Infrastructures such as the Internet of Things, software development and availability of electronic components have helped in the advancement of the smart home market.

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The rising aging populace, government initiatives, rise in urbanization & infrastructure projects and growth