The July housing market delivered a 2.5% increase in EHS versus June, and a year-over-year lift of 0.6%. Inventory levels remain decidedly depressed and prices continue their upward arc.
Existing home sales fell in June 2019, while prices and inventory levels continued to inch forward. The market is still faced with a significant shortage of existing housing units.
ESA Car Keys | The 2nd Quarter US auto market was down year-over-year, with imports outperforming domestic brands. Trucks continue to grab market share from passenger vehicles, continuing a multi-year trend.
ESA Car Keys | The first quarter auto market finished near a 17M SAAR pace, but needed a solid March to atone for a lackluster effort in the year’s first two months.
Easy to spin the data either way: February saw a nice rebound in the US housing market over January, but year-over-year pacing retracted by 1.8%. Median home price and inventory continued to increase.
ESA Car Keys | Wards Auto and Steve Finlay have a few insights about the current momentum in the automotive market and what that might mean for 2019.
Another mixed bag in the housing market for November as existing-home sales and average house prices rose, but inventory remained somewhat mismatched with demand.
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.
ESA@Work | The Section 179 Deduction provides a nice tax break for businesses making capital expenditures. Another under-utilized benefit is the targeted marketing of this by B2B companies.