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Tag Archives: economy

Student Loan Debt Delays Millennial Homeownership

The American Dream has included homeownership for many years. Today, however, that dream is at a standstill for young adults already burdened with large amounts of student loan debt. According to an article by the Detroit News, 414,000 homes sales …

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Higher Incomes Lead to an Improved Housing Market

According to a recent article by Realtor Mag, an improving economy appears to be leading towards a better housing market. The article explains that while income is lower than in 2007, from 2012 to 2013, there was a 1.1 percent …

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Outlook on Millennial Housing

Housing supply gap

According to a report by the Demand Institute, 79 percent of millennials are optimistic about their financial situation. As a result, 74 percent expect to move within the next five years, resulting in an additional 8.3 million millennial households by …

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Manufacturer Confidence Index Declined in August

Welding Products

The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index declined in August to 294.1 from 320.8 in July, while the Future Expectations Index also declined to 192.7 from 266.5 in July. In comparing current sales …

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August Employment Numbers Up

Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported. Job gains occurred in professional and business services and in health care. In August, both the unemployment …

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Red-Hot HRM Index Leaves National Markets in the Dust

The Hardware Retailing Magazine Index soared in August, jumping 124.69 points, or 10.24 percent, closing at 1342.35, easily a record, and the highest index reading since December, 2013. Only Sears ended the month in negative terrain. The Commerce Department reported …

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Manufacturing Activity Grows in July

Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, and the overall economy grew for the 62nd consecutive month, according to the latest Manufacturing ISM Report. The report, issued today by Bradley J. Holcomb, CPSM, …

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