Existing Home Sales Down 14.2%
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.
Intel about housing, homes, furnishings and other related business categories.
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.
ESA on EHS | US existing home sales decreased year-over-year in September. Prices continued upward. A staggering 86% of homes sold were on the market less than 1 month.
HVAC Contractors continue to pivot and innovate to meet the new demands and needs of a post-pandemic marketplace.
A renewed focus on the home during the pandemic has provided a prolonged resurgence in home improvement goods and services.
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