article thumbnail

These Popular Markets Are Expected to See the Biggest Inventory Gains in 2023

Pro Builder

Inventory is expected to increase 17% nationwide in 2023, but the number of homes available for sale is expected to decline in half of the largest 100 markets, Forbes reports. If one thing is true about 2023, it’s that buyers will experience different scenarios based on their location. Louis and New Orleans.

article thumbnail

Navistar Initiatives Drive Customer Uptime

Construction Equipment

Navistar is establishing a new Parts Distribution Center (PDC) in Memphis, Tennessee, while also enhancing its dealer parts inventory management system. The new location will enable Navistar to deliver parts the next day to over 95 percent of dealers’ service locations. In addition, new…

Memphis 48
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rental Market Recovers Faster Than Predicted

Pro Builder

There’s rebalancing in the for-sale market as well with inventory increasing for the third consecutive month and home value growth slowing in many of the largest markets. Inventory Rebound Continues. For-sale inventory, while still down 27.6% If there had been no pandemic, Zillow predicted rents would be 2.9% higher in Tampa.

article thumbnail

Coastal Cities May Be Losing Their Charm

Pro Builder

Cleveland, Cincinnati, Indianapolis, and Memphis are just some of the metros that CNBC says have been experiencing the strongest price gains in the nation. These have all been historically more affordable markets, and markets that generally have more inventory of homes available for sale.

Memphis 52
article thumbnail

Snapshots: 60 Seconds… With Bill Hagerty, Commissioner, Tennessee Department Of Economic And Community Development

Business Facilities

To lure new high-tech ventures, Reno is emphasizing its proximity to Silicon Valley (the city is a four-hour drive from San Francisco) and the fact that Nevada has no corporate or inventory taxes. For industries focused on just-in-time inventory and working capital management, there is no better location. and around the world.

article thumbnail

East vs. West

Business Facilities

Therefore, inventory is not sitting at the port of origin waiting for a vessel. Union Pacific and BNSF Railway also are busy building double-tracks from the West Coast to Chicago, El Paso, Texas, and Memphis, Tenn., to reduce transit times.

article thumbnail

Georgia Ports See Surge In Private Investments, Record Cargo Volumes

Business Facilities

Including these announcements, this new activity will bring Savannah’s industrial inventory to more than 57 million square feet, of which less than 2 percent is currently available. More efficient rail offerings will position Savannah to rapidly increase service to an arc of inland markets, from Atlanta to Memphis, St.

Georgia 41