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Consumer Confidence in June at Lowest Level in 16 Mos
The Conference Board announced on Tuesday that consumer confidence in June, as measured by their Consumer Confidence Index, a key indicator of the state of mind of the U.S. consumer, has dropped to a reading of 98.7. This is the first time that the Index has been under its 100 reference level since a post-2020 pandemic recovery. Generally, a reading under 100 indicates a pessimistic consumer likely to cut back on spending.
This is the lowest reading for consumer confidence since February 2021.
See the latest on a declining consumer confidence index
[Read more…] about Consumer Confidence in June at Lowest Level in 16 MosIf I Was an Integrator Specifying Savant, I’d Do This Immediately
Company’s Power Division Expands National Distribution
You may have seen the recent announcement from Savant that they have broadened the distribution of their new energy management solutions to a pair of new, strategically significant distribution partners. You may have ignored this news, perhaps not recognizing the distributors who are both better known in the electrical/renewable contracting communities.
But if you are an integrator who specifies Savant products in your proposals, you should be really paying attention to what this company is doing with its powerful (pun intended) energy management strategy. It’s big!
What I would do if I were an integrator selling Savant products…
[Read more…] about If I Was an Integrator Specifying Savant, I’d Do This ImmediatelyB&W Launches All-New Px7 S2 Wireless, Noise-Canceling Headphones
Today Bowers & Wilkins (B&W) launched the all-new Px7 S2 wireless noise-canceling headphones, designed to replace the previous PX7 that the company says was an “award-winning” product. A premium grade set of headphones, B&W says the new Px7 S2 will “deliver the most detailed, natural and immersive sound available – the True Sound of the artist’s intent.”
Learn more about the new B&W Px7 S2 wireless headphone
[Read more…] about B&W Launches All-New Px7 S2 Wireless, Noise-Canceling HeadphonesWhat?! Both New Homes Sales & Pending Home Sales Jump in May
A Fluke? Or is Housing Making a Comeback?
Data released on Friday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development showed that sales of newly constructed homes actually increased in May. At the same time, the National Association of Realtors released new data on pending home sales which also showed a surprise jump in contracts in May.
What’s going on? Is the housing market mounting a comeback?
What does this surprise increase in new & pending home sales mean?
[Read more…] about What?! Both New Homes Sales & Pending Home Sales Jump in MayCEDIA Expo 2022 Keynote Presentation Offers an Intriguing Departure
CEDIA announced yesterday its keynote speaker for the upcoming CEDIA Expo 2022 show who appears to offer an interesting departure from past more directly technical keynote presentations. This year’s presenter is Greg Durkin, a marketing and data guy who comes from an entertainment industry marketing background and appears to have expertise in content curation and data analysis.
See more on this unique keynote presenter
[Read more…] about CEDIA Expo 2022 Keynote Presentation Offers an Intriguing DepartureWith Demand Slack & Inventory Levels Building, Samsung Cuts Procurement
Is an Industrywide Slowdown in Tech Beginning?
Samsung Electronics is taking action to hold back on procurement orders and asking suppliers for concessions, such as delayed deliveries, order reductions, and more in the wake of a concerning buildup of inventory. While the action is said to be temporary, concerns over a slowing global economy make it difficult to determine how long the company will deem these actions are necessary.
See more on Samsung’s actions to cut inventory buildup
[Read more…] about With Demand Slack & Inventory Levels Building, Samsung Cuts ProcurementNew Smart Audio Report Shows Voice Tech is Growing, but Rate Slows
In the latest research on the smart audio market, analysts see clear progress in the expansion of voice technology both in terms of the growing number of devices containing it, and the expanding uses to which voice control is being used. While much of the results of this latest survey are specific to smart speakers, this version goes well beyond that to looking at voice in all sorts of devices.
See all the latest on the growth of Smart Audio
[Read more…] about New Smart Audio Report Shows Voice Tech is Growing, but Rate SlowsHousing Starts in May Slide -14.4%, Lowest Level of Building in 13-Months
A new report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development notes that residential housing construction starts (housing starts) has taken a pretty severe downturn in May with overall starts sliding fully -14.4%. This is yet another indicator of the slowing growth in the housing market, as rising mortgage rates, overall inflation, and high housing prices begin to cool the once red-hot housing market.
See all the details from the latest report on housing starts…
[Read more…] about Housing Starts in May Slide -14.4%, Lowest Level of Building in 13-MonthsRoseWater Energy Expands Sales Presence; Adds 4 New Rep Groups
RoseWater Energy Group, a manufacturer of residential energy solutions, announced on Wednesday that it has expanded its salesforce footprint, adding four new manufacturer sales representative groups to its network. Not only does this increase the company’s sales touch points, but it expands its presence into four key regions of the country.
