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October Existing Home Sales Hit Fastest Pace Since January | Business News
By ALEX VEIGA, AP Business Writer Sales of previously occupied U.S. homes ticked higher in October, marking their strongest annual pace since January even as competition for relatively few properties on the market pushed prices higher. Existing homes sales rose 0.8{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} last month from September to a seasonally-adjusted annual rate of 6.34 million units, the National Association of Realtors said Monday. That was stronger than the 6.18 million units that economists had been expecting, according to FactSet. Sales fell 5.8{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} from October last year, when they peaked following a summer and fall surge as buyers who had held off during the early days of the pandemic jumped back into the…
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Supply chain woes hit home: Business owners face shortages
Valerie Cichanowicz, proprietor of Chick’s Southold Agway, explained ordering stock has come to be practically a full-time task. (Credit score: Brianne Ledda) As the country struggles with international provide chain disruptions, North Fork corporations of all sorts are battling to stock their shelves. Glass jars. Birdseed. RV antifreeze. Attire. Inventory across industries is generally more difficult to monitor down, and far more highly-priced to purchase. Valerie Cichanowicz, operator of Chick’s Southold Agway, claimed ordering stock turned a comprehensive-time career. “We’re just frequently checking their portions. When we see that they have some in stock, even if we really don’t have to have it but, we’re putting an order in anyway,…
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Small businesses who pivoted to make masks and sanitizer are still feeling the hit to their bottom line
In the early months of the pandemic, enterprises raced to deliver and distribute facial area masks, health-related materials, hand sanitizer and other merchandise that ended up quickly scarce, shockingly high priced or unavailable at any cost. Firms huge and modest responded to the need and pivoted to fill these new calls for, even as numerous of them were being also coping with drastic reductions in profits and mounting losses. But as the science all around the coronavirus has evolved and the instant source shock of those early times is now in the earlier, some of these businesses find on their own with merchandise they can not offer — or even…
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