Surge in Real Estate Market? Not Really.
ESA on EHS | Existing home sales while up 14.5% month-over-month, saw another steep year-over-year decline in February, at -22.6%. Inventory remains low.
Intel about housing, homes, furnishings and other related business categories.
ESA on EHS | Existing home sales while up 14.5% month-over-month, saw another steep year-over-year decline in February, at -22.6%. Inventory remains low.
Higher interest rates and inflationary concerns are bringing a mixed bag to the housing market as mortgage apps decline year-over-year.
After several years of double-digit growth, the home improvement sector will cool in 2023 on recessionary concerns and a slow housing market.
ESA on EHS: Existing-home sales fell 14.2% year-over-year as prices continue to surge upward. More inventory is becoming available, possibly due to a high cancelation rate (15%) in June.
July 2022 marks the HMI’s (Housing Market Index) largest drop in its history, outside of the post-pandemic shock of April 2020.
The US housing market hit another snag in June, as purchase cancelation rates hit a staggering 15%, the highest since pre-pandemic.
Home Improvement expenditure growth to peak in Q3 of this year at 19.6%, and then decelerate to a 15.1% growth rate in Q1 2023.
The giant furnishings retailer saw net sales decline nearly $500 million during Q1 as new customer acquisition stalls
Today’s leading HVAC companies are meeting the challenges of new technology, labor shortages, and overall operational efficiency.
ESA on EHS | Home prices up 15%, sharp interest rate hikes, huge inflation and scant inventory all make for a stressed housing market.
ESA on EHS | The US housing market posted some ugly indicators in February, with near-record low inventory and huge price hikes (+15%).
Local furnishings retailers are outperforming expectations (+13.4% YoY), even in the face of highly-publicized supply chain issues.
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