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A six-to-seven-month supply is viewed as a healthy balance between supply and demand. The median existing house price increased 3.8 percent from a year ago to $259,400 in March. The Commerce Department reported last Friday that housing starts dropped to a rate of 1.139 million units in March, the lowest level since May 2017. That was the second straight monthly drop in homebuilding and pushed starts substantially below the 1.5 million to 1.6 million units per month range that realtors estimate is needed to alleviate the shortage mont blanc cufflinks price.
“Supply constraints which have hampered the market for housing for a few years remain in place,” said Ben Ayers, senior economist at Nationwide in Columbus, Ohio. Houses for sale typically stayed on the market for 36 days in March, down from 44 days in February, but up from 30 days a year ago. About 47 percent of homes sold in March were on the market for less than a month mont blanc cufflinks price. First-time buyers accounted for a third of sales last month, little changed from February and up from 30 percent a year ago. Economists and realtors say a 40 percent share of first-time buyers is needed for a robust housing market..
(Reuters) – Bed Bath & Beyond Inc said on Monday it appointed five new independent members to its board, replacing some directors including co-founders Warren Eisenberg and Leonard Feinstein, after facing pressure from a trio of activist investors mont blanc cufflinks price. Shares of the New Jersey-based home furnishing retailer fell about 3 percent in mid-day trade. Last month, activist investors Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC urged Bed Bath & Beyond to replace its entire board and oust Chief Executive Steven Temares, citing the company’s inability to grow sales and margins..
The company’s latest board shake-up, however, did not please the trio, which declined an invitation to participate in the transformation of the board. Legion Partners said it was “disappointed” with the fact that the CEO would continue in his post. The investors said the new additions to the board do not have the required skill sets and retail experience to effect swift and real change as opposed to their slate of 16 members with varied retail experience mont blanc cufflinks price. Bed Bath & Beyond said its new appointees are “leaders in the fields of global retail, merchandising, technology, logistics, finance and governance” and have held senior positions in companies such as Amazon, Avon Products and Family Dollar Stores..
“The changes announced today reflect significant shareholder input and underscore our commitment to ensuring we have best-in-class governance,” said Patrick Gaston, who was named an independent chairman. Following the changes effective May 1, the board will comprise 10 directors, nine of whom are independent and six women, the company said. The retailer has struggled to keep pace with changing consumer tastes and shopping habits over the years, even after introducing experimental store formats, investing in its decorative furnishing business and digital platforms mont blanc cufflinks price.