Hardware Retailing

OCT 2016

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: http://www.hardwareretailingarchive.com/i/730317

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Page 26 of 94

ECONOMIC METRICS DEFINITION PERCENTAGE CHANGE Housing Starts (in thousands) 1 The number of new residential single-family and multifamily homes that have begun construction, using seasonally adjusted rates. Consumer Confidence 2 The level of optimism that consumers express about the state of the economy, shown through saving or spending money. Existing-Home Sales (in millions) 3 Number of completed sales involving existing single-family homes (single family, townhomes, condos and co-ops) at an adjusted annual rate. Existing-Home Price (in thousands) 3 The median price for all existing housing types. Purchasing Managers' Index (PMI) 4 The health of the manufacturing sector based on measuring new orders, inven- tory levels, production, supplier deliver- tory levels, production, supplier deliver- ies and the employment environment. Consumer Confidence Lags in the Second Quarter Numbers derived from the average of April, May and June data. Source: U.S. Census Bureau 1 , The Conference Board 2 , National Association of Realtors 3 , Institute for Supply Management 4 Home sales and home prices were up in the second quarter of 2016, but other economic indicators didn't look so good in the U.S. Consumer confidence, as reported in The Conference Board's Consumer Confidence Index, dipped 1.5 percent year over year, expressing a decreasing optimism about the state of the economy. The Purchasing Managers' Index also decreased, but continued to read above 50, which means the manufacturing sector is still growing. And housing starts were flat, with no increase above the second quarter of 2015. 2015 2016 Existing-Home Sales (in millions) Total Existing-Home Sales Q2 2015 Q2 2016 0% -1.5% 5.3% -1.5% 3.8% Consumer Confidence and Manufacturing Drop in Q2 Months 4.0 4.5 5.0 5.5 6.0 J F M A M J J A S O N D 1,156 1,156 HARDWARE RETAILING | October 2016 22 Trends 5.5 5.3 96.2 94.8 $228 $240 52.6 51.8

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