Hardware Retailing

JAN 2018

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

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Page 26 of 90

HARDWARE RETAILING | January 2018 22 Trends Housing Starts (in thousands) 1 The per-month average 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 The number of completed sales involving single-family homes at an adjusted annual rate. Existing-Home Price (in thousands) 3 The average of the median prices 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- ies and the employment environment. PMI, Consumer Confidence Make Gains All numbers are derived from July, August and September data. Source: U.S. Census Bureau 1 , The Conference Board 2 , National Association of Realtors 3 , Institute for Supply Management 4 The nation's third-quarter 2017 consumer confidence levels rose nearly 20 percent over third-quarter 2016, indicating that consumers feel confident about the overall economy. Some regions ravaged by hurricanes showed measurable consumer confidence dips, however. "Confidence in Texas and Florida decreased considerably, as these two states were the most severely impacted by Hurricanes Harvey and Irma," director of economic indicators at The Conference Board Lynn Franco says. The purchasing managers' index (PMI), grew 14.5 percent over third-quarter 2016 levels. Any PMI figure above 50 represents growth in the manufacturing industry. The Institute for Supply Management, the group that compiles this figure, says it was bolstered by an uptick in hiring and new orders across the country. Existing-Home Sales (in millions) Existing-Home Sales At a seasonally adjusted rate Q3 2016 Q3 2017 1.2% 19.5% 5.0% 14.5% 0% Manufacturing and Consumer Confidence Show Growth Months 5.39 5.39 1,164 1,150 120.3 100.7 $240 $252 58.6 51.2 2016 O N D J F M A M J J A S 4.0 4.5 5.0 5.5 6.0 2017 Economic Metrics Definition Percentage Change

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