Surge in Real Estate Market? Not Really.
2023-03-27
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.
Mortgage Demand Soft, Housing Demand Still Present
2023-02-15
Higher interest rates and inflationary concerns are bringing a mixed bag to the housing market as mortgage apps decline year-over-year.
Home Improvement Cooling Off in ’23
2023-02-03
After several years of double-digit growth, the home improvement sector will cool in 2023 on recessionary concerns and a slow housing market.
Existing Home Sales Down 14.2%
2022-07-25
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.
Homebuilder Confidence Plummets
2022-07-21
July 2022 marks the HMI’s (Housing Market Index) largest drop in its history, outside of the post-pandemic shock of April 2020.
More Bad News for Housing Market: High Cancel Rate
2022-07-18
The US housing market hit another snag in June, as purchase cancelation rates hit a staggering 15%, the highest since pre-pandemic.
Home Improvement Red Hot; Obstacles Looming Ahead
2022-05-23
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.
Huge Q1 Decline for Wayfair in a Stressed Furnishings Market
2022-05-11
The giant furnishings retailer saw net sales decline nearly $500 million during Q1 as new customer acquisition stalls
The 3 Es of HVAC Today: Electrification, Employment, and Efficiency
2022-04-26
Today’s leading HVAC companies are meeting the challenges of new technology, labor shortages, and overall operational efficiency.
Existing Home Sales Drop 4.5%
2022-04-22
ESA on EHS | Home prices up 15%, sharp interest rate hikes, huge inflation and scant inventory all make for a stressed housing market.
US Housing Market Softens More
2022-03-22
ESA on EHS | The US housing market posted some ugly indicators in February, with near-record low inventory and huge price hikes (+15%).
Furnishings Demand Strong, Supply Chain Woes Be Damned
2021-10-28
Local furnishings retailers are outperforming expectations (+13.4% YoY), even in the face of highly-publicized supply chain issues.