Our latest survey of residential furniture manufacturers and distributors produced somewhat unusual results. New orders increased 7 percent in April over April 2016. The unusual part was that only 47 percent of the participants posted increases in new orders. The 7 percent increase followed a 4 percent increase in March when 77 percent of the participants reported increased orders.
Each of the 1.5 million nonprofits registered in the U.S. is a unique entity with a specific mission, but they all face a common set of dynamic challenges. Although the country at large has entered a period of economic recovery, times are still trying for nonprofit organizations. Developed in conjunction with The Nonprofit Times, BDO’s benchmarking survey is designed to provide nonprofit organizations with a barometer to measure performance across a variety of areas.
This issue of the Building Products & Materials (BP&M) newsletter highlights the macroeconomic drivers supporting the ongoing resurgence in mergers and acquisitions (M&A) activity in the sector and rapidly rising valuations. Optimistic buyers continue to aggressively seek deals due to strong economic fundamentals and robust construction activity. In particular, optimism in the market for new single-family homes is holding strong, likely due to the shortage of existing inventory in the market and high demand for housing. While housing starts slowed somewhat in March, dropping 6.8% from February to a seasonally adjusted annual rate of 1.215 million, starts were up 9.2% year-over-year, with growth in building permit authorizations pointing to more construction activity likely in the coming months.
In March of 2017, the North Carolina Sales and Use Tax Division published a notice on its website containing general guidance on the taxability of real property contracts and retail sales of repair, maintenance, and installation services. More recently, a second notice has been published and mass distributed by the North Carolina Department of Revenue, alluding to and simplifying the original Sales and Use Tax notice.