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.
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.
With interest rates soaring and inflation not subsiding, “demand destruction” has become more than just another catch phrase. Auto dealers need a plan today.
ESA Car Keys | Inventory Days for automotive dealers is plateauing at historically low sub-30 levels during 2022, and the outlook is murky.
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.
ESA Car Keys | Brian Benstock of Paragon Honda provides a detailed outlook for the automotive market into 2023.
Retailers across the board are encountering massive overages in inventory carrying this year, up more than 40% vs 2021 in many cases.
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
ESA Car Keys | Auto sales continue to lag and new vehicle prices soar as the factory focuses on high-end production in the face of capacity issues.
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