Posted in contractions

RBI Forecasts 9.5 Per Cent Plunge In Real GDP In FY 2020-21, Rural Demand To Lead Recovery

As the economy somewhat stabilises after a 23.9 per cent plunge in the GDP in the April-June quarter marred by the nationwide lockdown, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday (9 October) said that the deep contractions of Q1 are behind us and the real GDP may decline by 9.5 per cent in the financial year 2020-21.

Addressing the media after the Monetary Policy Committee’s meeting, the RBI Governor has said that the modest recovery in various high-frequency indicators in September 2020 could strengthen further in the second half of 2020-21 with progressive unlocking of economic activity.

“Agriculture and allied activities could well lead the revival by boosting rural demand, ” he added.

Das said that relative to pre-Covid levels, several high frequency indicators are pointing to the easing of contractions in various sectors of the economy and the emergence of impulses of growth.

“By all indications,

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Posted in home improvement cast

Powell to cast recovery as improving, yet highly uncertain, in testimony before lawmakers

Still, with about half of the 22 million payroll jobs lost in March and April still off the books, Powell’s statement suggests the rise in joblessness has been especially severe for low-wage workers, women and people of color.

“A full recovery is likely to come only when people are confident that it is safe to reengage in a broad range of activities,” according to Powell’s written statement. “The path forward will depend on keeping the virus under control, and on policy actions taken at all levels of government.”

Powell is scheduled to testify at 10:30 a.m. Tuesday alongside Treasury Secretary Steven Mnuchin. Both will also appear on Thursday before the Senate Banking Committee to give updates on the Cares Act, the federal coronavirus aid bill passed in March.

Powell is likely to get questions from lawmakers on the Fed’s Main Street lending program, which has become the focus of an

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Posted in lowe's home improvement

US Housing Recovery Continues In August, New Home Sales Up 4.8%

New home sales were better than expected in the United States but the growth was not evenly distributed across regions


Olivier DOULIERY

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New US home sales came in well above forecasts in August with a 4.8 percent gain, as the housing market continues to recover from the coronavirus downturn, the Commerce Department said on Thursday.

August’s annualized rate of just over one million sales, seasonally adjusted, came after the upwardly revised annual rate of 965,000 sales reported in July and underscores how housing has managed to climb back from the hit taken during the Covid-19 downturn.

The growth was however not spread evenly, with month-on-month sales surging in the South 13.4 percent, and climbing 5.0 percent in the North, but declining slightly in the West and by a massive 21.4 percent in the Midwest.

“Home sales are well supported by solid demand and a favorable interest rate environment,”

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Posted in improvements

Road to Recovery Is Long, but Powell and Mnuchin Laud Improvements

U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting Tuesday, prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease pandemic. (Pool photo by Joshua Roberts/Reuters)

WASHINGTON (CN) — Over half of all jobs lost in pandemic-hit America have yet to return, but Treasury Secretary Steve Mnuchin and Federal Reserve chairman Jerome Powell offered hopeful analysis on the state of economic recovery Tuesday amid stalled relief talks in Congress.

Powell told members of the House Financial Services Committee that 11 million of 22 million Americans laid off thanks to the Covid-19 pandemic have already gone back to work.

“That’s really good progress. We’ve put, fully, half of those people back to work,” he said, adding that full recovery will still require getting a handle on the virus. 

The Bureau of Labor Statistics

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Posted in remodeling

COVID-19 Recovery Analysis: Ceramic Sanitary Ware Market | Increasing Expenditure on Bathroom Remodeling to boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the ceramic sanitary ware market and it is poised to grow by 226.25 million units during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CERA Sanitaryware Ltd., Duravit AG, Geberit AG, HSIL Ltd.,

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Posted in remodeling

COVID-19 Recovery Analysis: Ceramic Sanitary Ware Market | Increasing Expenditure on Bathroom Remodeling to boost Market Growth | Technavio – Press Release

LONDON–(Business Wire)–Technavio has been monitoring the ceramic sanitary ware market and it is poised to grow by 226.25 million units during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005262/en/

Technavio has announced its latest market research report titled Global Ceramic Sanitary Ware Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth

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Continue Reading COVID-19 Recovery Analysis: Ceramic Sanitary Ware Market | Increasing Expenditure on Bathroom Remodeling to boost Market Growth | Technavio – Press Release
Posted in home

California housing market continues recovery as median home price breaks $700,000 mark, C.A.R. reports

– Existing, single-family home sales totaled 465,400 in August on a seasonally adjusted annualized rate, up 6.3 percent from July and up 14.6 percent from August 2019.

– August’s statewide median home price was $706,900 up 6.1 percent from July and up 14.5 percent from August 2019.

– Year-to-date statewide home sales were down 6.8 percent in August.

LOS ANGELES, Sept. 17, 2020 /PRNewswire/ — California’s housing market continued to improve in August as home sales climbed to their highest level in more than a decade as the median home price broke last month’s record and hit another high, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. 

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 465,400 units in August, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized

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Posted in home improvement loans

Huntington recovery program gets nearly $1M loan guarantee | News

HUNTINGTON — The U.S. Department of Agriculture has invested nearly $1 million in a loan guarantee to expand sober living facilities in Huntington.

The Trump administration announced Tuesday that The Lifehouse Inc. was the recipient of a $930,000 loan via the USA Rural Development Business and Industry Loan Guarantee. The project is one of seven parts of a statewide investment of more than $22.1 million in business and industry loan guarantees.

The Lifehouse Inc. is a voluntary recovery program and sober living home that provides anyone recovering from substance use disorder a drug- and alcohol-free home.

Rocky Meadows, director of The Lifehouse Inc., said the loan has already been put to good use. The program used it to purchase a 21-unit apartment building located at 400 Washington Ave. that created 60 new men’s beds. Meadows said the apartment building provides a better setting and gives the men more space than

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Posted in improvements

Flow Diversion Aneurysm Treatment Market- Roadmap for Recovery from COVID-19 | Improvements In Detection of UIAs to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the flow diversion aneurysm treatment market and it is poised to grow by USD 1.64 bn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market?

    Increasing R&D focus is a major trend driving the growth of
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Posted in home repair

Do-it-Yourself Home Improvement Retailing Market in Europe| Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic| Technavio

Lumber and landscape management to contribute the largest market share in the do-it-yourself home improvement retailing market in Europe

The do-it-yourself home improvement retailing market in Europe to register an incremental growth of USD 25.41 billion, witnessing a CAGR of almost 3% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the do-it-yourself home improvement retailing market in Europe in optimistic, probable, and pessimistic forecast scenarios.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200915006088/en/

Technavio has announced its latest market research report titled Do-it-Yourself (DIY) Home Improvement Retailing Market in Europe 2020-2024 (Graphic: Business Wire)

Get detailed insights on COVID-19 pandemic Crisis and Recovery analysis of do-it-yourself home improvement retailing market in Europe. Download free report sample

The do-it-yourself home improvement retailing market in Europe will witness a Negative and Inferior impact during

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