The events of 2020 caused many companies to shift their operations dramatically, from how to engage with customers to remote operations to implementing new technology. As companies continue to adapt in the changing pandemic environment, it’s a good time to revisit current business operations, and explore opportunities for success in 2021 and beyond.
Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in 2020 compared to 2019 as a result of widespread economic shutdown due to COVID-19. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 0.1 percent decline in Utah to 8.0 percent decline in Hawaii. Nationwide, growth in… Read More ›
As lumber prices remain sky high, home-building activities continue to suffer across all aspects of the industry — including remodeling projects. Cost increases have had an impact on home owners across the board, from those in need of critical assistance to those who have been planning projects for years.
According to the latest data from the 2019 American Community Survey (ACS), the median age of owner-occupied homes was 39 years. The age of the housing stock is an important remodeling market indicator. Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future. Moreover, as people use their homes for more purposes… Read More ›
With a March 31 deadline looming, the Senate voted 92-7 today to approve the PPP Extension Act. The legislation will extend the filing deadline for Paycheck Protection Program (PPP) applications by 60 days and provide an additional 30 days for the U.S. Small Business Administration to finish processing applications received by the new May 31 deadline.
