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Holiday Season Arrives Early for Retailers
Despite what you may be reading about rising fuel costs and falling home values, we’re hearing positive economic news as well. According to a report from the U.S. Census Bureau yesterday, sales for the Retail and Food Services Industries are continuing their upward trends. Retail and food services sales reached $387.7 billion during October, up from the previous month (+.5… Read More
Nation Sees Drop in Trade Deficit During September
We saw a drop in the nation’s goods and services deficit during September, which was much needed after the deficit saw little movement the previous month, according to the most recent U.S. International Trade in Goods and Services report from the Census Bureau. During September, the nation’s goods and services deficit dropped from $44.9 billion to $43.1 billion, as exports grew… Read More
Homeownership Rates Lowest in Over 10 years
During Q3, the US Census reported, the vacancy rate for rental housing came in at 2.4 percent, which is higher than the previous quarter (+0.6 percent), but lower than Q3 2010 (-0.5 percent). The homeowner vacancy rate fell to 2.4 percent, which is 0.1 percent lower than both the previous quarter and year. Homeowner vacancy rate is the proportion of… Read More
September Construction Spending Climbs
The Census Bureau reported continued growth in the Construction industry through September 2011. Private construction was up over August, with Residential and non-Residential Construction numbers all exceeding initial estimates. Public Construction did not fare as well, reporting declines in Educational Construction and slight increases in Highway Construction. Although construction spending has slowed over the last year (-1.3 percent), the total… Read More
Housing Sales on the Rebound
After hitting a six-month low during August, the housing market looks to be making a comeback, according to the September New Residential Sales report from the Census Bureau. A total of 313,000 new homes were sold during September, which is up from the previous month (+5.7 percent), but down from the previous year (-.9 percent). On one hand, this means… Read More
Construction statistics for September continue upward trend
New residential housing construction is on the rise, as per the HUD report released earlier today. While authorized building permits were slightly lower than expected last month, housing starts and completions were significantly higher than projected. A total of 594,000 building permits were issued during September, down from the previous month (-5 percent), but up from the previous year (+5.7… Read More
International Trade Deficit Sees Little Movement in August
After taking a turn in the right direction the previous month, the nation’s goods and services deficit saw little movement during August, according to the August U.S. International Trade in Goods and Services article from the Census Bureau. The nation’s goods and services deficit saw little change during August, coming in at $45.6 billion, as total exports ($177.6 billion) and… Read More
August Remains Positive for Sales and Inventories in Wholesale Trade
According to the U.S. Census Bureau, August 2011 sales for merchant wholesalers were up 1.0 percent over July of this year; reaching $401.3 billion. These numbers represent a healthy increase of 15.2 percent over August 2010. During the same period, inventory levels closed out the month 0.4 percent higher than July at $464.3 billion; which is an increase of 14.4… Read More
Construction Spending on the Rise
The U.S. Department of Commerce released their August numbers today for Construction spending. Both private and public construction spending increased in August, 1.4% and 3.1% respectively. Total construction spending reached $799.1 billion during August, which is an improvement over the previous month and the previous year. Over the last month, spending on private construction rose to $511 billion, while spending… Read More
Residential Home Sales Continue to Decline
The latest Census Bureau report on New Residential Sales was released this week, and although the number of homes being sold has seen a slight decline over the month, more Americans are buying homes when compared to last year. It is important to note that while year-over-year numbers are positive, this month’s report also represents a six month low in new home… Read More
