While the housing market inched forward in October, it’s still pacing down year-over-year. Inventory is recovering, albeit painfully slowly.
Grateful Thread | We give thanks for so much … including the many partnerships and friendships we have been afforded in our work. Happy Thanksgiving from ESA.
A troubled housing market can usually signal a looming contraction of the home improvement industry. Home Depot’s recent results demonstrate strong resilience to this trend.
ESA Car Keys | The October US auto market was down year-over-year, but posted some positive surprises. Trucks continue to grab market share from passenger vehicles, continuing a five-year trend.
ESA@Work | The existing home sales numbers for September aren’t great: pacing is down, interest rates up, inventory up but still lagging, and affordability challenging today’s home shopper.
Great Graphs | US small businesses remain historically confident heading into the final months of 2018, as many economic conditions and measures remain solid.
September’s US auto market was down 5.5% year-over-year, as major manufacturers were all down except for Fiat Chrysler. The projected 2nd half slump continues to materialize.
Amazon will be offering ad-supported video its Fire TV streaming customers, and facing stiff competition from established and tech media companies alike.
Existing home sales in the US remained flat in August versus July, and down 1.5% year-over-year. Median prices continued to increase.
U.S. auto sales are maintaining momentum through two quarters of 2018, though 2nd-half challenges are looming, such as interest rate hikes, high levels of late-model preowned vehicles, and continued changes to US tariff policy.