Two different economic reports on the residential housing market show conflicting results. One report is on the latest data in housing starts…the other contains the latest results on new home sales. But these reports paint two very different pictures. Is housing growing? Or rather, is it fading?
According to the most recent data from retail industry market researcher Coresight Research, retail store closings just a little over one quarter into 2019 are nearing the total number of store closings for all of 2018. This data includes both those retail companies falling into bankruptcy…and those trimming locations out of their overall footprint while remaining in business.
See more on this stunning report…[Read more…] about Retail Store Closings in Q1/2019 Almost Equals Total for All of 2018
In the latest report on consumer confidence, The Conference Board’s Consumer Confidence Index showed a significant drop in overall confidence in the month of March. The Conference Board characterized this drop as “unexpected.” Economists are taking note of this result as March is the first full month after the partial government shutdown in February, and many had expected a more favorable reading.
See more on the consumer confidence trend…[Read more…] about Despite End of Gov’t Shutdown, Consumer Confidence Drops in March
As regular Strata-gee readers know, I follow basic economic data for our readers. Not all economic data, just that data I feel are germane to the custom integration and consumer electronics industries. Normally, that is a fairly sane and sedate task – but lately, it has gotten a bit crazy, with wild up/down swings the likes of which I haven’t seen since the last great recession. Take housing starts, for example…
See the latest data on housing starts…[Read more…] about The Volatile ‘Fits & Starts’ of Housing Starts
A newly created poll by Axios and The Harris Poll reveals what Americans think of the reputation of the top 100 most visible companies in the U.S. Tech, as you might imagine, was well represented here, and this poll bared a difficult truth for many tech companies…their reputation is crashing.
See the surprising pluses & minuses for Tech companies…[Read more…] about Shocking Results for Tech in New Brand Reputation Poll
New data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development shows that sales of new single-family homes in December were a seasonally adjusted annual rate of 621,000 or 3.7% above the revised rate in November of 599,000. However, it remained 2.4% below the year-ago rate of sales in December 2017 of 636,000.
See more new home sales data…[Read more…] about New Home Sales Rise in December, But Remain Lower Than Last Year
The U.S. Commerce Department released new data this week on housing starts for December 2018. Overall residential construction dropped to 1.08 million units on a seasonally adjusted annual rate or 11.2% lower than the November rate of 1.2 million units. This is the lowest rate of residential construction since September 2016.
See more on this key economic indicator…[Read more…] about Dec. Housing Starts Drop to Lowest Rate Since 2016
The latest data from market research firm Strategy Analytics shows that Amazon is still the king of the smart speaker market – selling more smart speakers than anyone else. But the data also showed something else rather surprising – Google has substantially closed the gap between it and Amazon, coming within about 5.5% of Amazon’s market share numbers in the all-important fourth quarter selling season.
See how the smart speaker horse race is getting so much closer…[Read more…] about Google Closes in on Amazon in Smart Speaker Market Share
In a result that was not expected by most industry analysts, contract signings to purchase previously owned homes dropped in December for the third month in a row. The news is widely viewed as yet another indicator of a housing industry slowdown, along with declining affordability and rising housing and mortgage costs.
See more on this drop in pending home sales…[Read more…] about Pending Home Sales Decline for 3rd Month in a Row
New data from multiple sources are increasing economists concerns of an economic downturn within the next two years – perhaps even later this year. The latest readings on consumer confidence/sentiment and existing home sales show sharp downturns, sparking new debates on the real health of the economy.