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Tag Archives: economy

NRF Says Consumers Still Spending in Light of Inflation Woes

consumers spending inflation

In the latest Monthly Economic Review from the National Retail Federation (NRF), chief economist Jack Kleinhenz says that consumers are worried about high inflation and increased interest rates but are still spending. Overall retail sales reported by the Census Bureau …

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May Inflation Hits Highest Point Since 1981

May inflation

The U.S. Bureau of Labor Statistics released its Consumer Price Index for All Urban Consumers last week, which showed an increase of 1% in May, after rising 0.3% in April, and an inflation rate of 8.6%, the highest the U.S. …

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U.S. Adds 390,000 Jobs in May

jobs may

While the unemployment rate remained unchanged at 3.6% in May, 390,000 jobs were added to the U.S. economy even in light of increasing inflation, ongoing supply chain issues and predictions of an upcoming recession. The number of jobs added in …

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Inflation Impacting Housing Affordability

housing affordability

In a recent e-newsletter, National Association of Home Builders (NAHB) chief economist Robert Dietz shared his insights on the current and future economy and provided housing market updates. The rising mortgage interest rates and stricter policies from the Federal Reserve …

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Market Measure 2022: Expert Analysis

expert analysis

Home Sweet Home: Housing Trends Q&A With Nadia Evangelou Economic Expert Shares Insights on Consumer Confidence Read additional insights from the North American Hardware and Paint Association and the Home Improvement Research Institute.  

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August Home Improvement Retail Sales Rise 12% Over 2019

August Home Improvement Retail Sales

Home improvement sales are still strong compared to 2019, the latest U.S. retail sales data from the U.S. Census Bureau shows. In August, home improvement sales (NAICS 444) stood at a seasonally unadjusted rate of $37.4 billion, up 12 percent …

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Home Improvement Sales Fell Slightly in July

home improvement sales

U.S. home improvement sales fell slightly from June levels, new data from the U.S. Census Bureau shows. In total, NAICS 444  sales (not seasonally adjusted) hit $40.3 billion in July, down from $43.1 billion in June sales. In June, data …

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Small Businesses Are the Essential Economy

Small Business Economy

Small businesses are often called the backbone of the American economy, but never has that truth been clearer than during this pandemic. In addition to sickening millions of people, the outbreak abruptly crippled much of the global economy. The downturn …

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