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November 28, 2012

Housing price data from the S&P/Case-Shiller Home Price Indices for September 2012 showed that existing-home prices continued to rise in the third quarter of 2012. The national composite was up 3.6% versus the third quarter of 2011, and increased 2.2% versus the second quarter of 2012.

November 20, 2012

The residential construction surge from September stayed the course in October, as the seasonally adjusted annual rate of housing starts increased to 894,000.

The figure is up 3.6% from a downwardly revised September estimate of 863,000. More impressive, it is up 41.9% from the October 2011 rate of 630,000. Like the September figure, the October figure is the highest since July 2008.

On the single-family housing front, the October rate of 594,000 is 0.2% below the downwardly revised September figure of 595,000.

November 19, 2012

According to a report from the National Association of Realtors, existing home sales in the U.S. rose 2.1% in October. 

Existing home sales grew to seasonally adjusted annual rate of 4.79 million units, according to a report issued Monday morning by the National Association of Realtors. 

The figure is up 2.1% from September’s rate, and up 10.9% from the 4.32 million level in October 2011.

November 15, 2012

Consumers are looking to give small appliances, home textiles and housewares as holiday presents again this year, but their budgets have stretched to include premium products and luxury brands, according to The NPD Group, a market research firm.

November 14, 2012

Advance estimates of U.S. retail and food services sales for October were $411.6 billion, down 0.3% from the previous month, but up 3.8% compared with the same month last year. 

The figures, released Wednesday morning, are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes. 

November 12, 2012

FMI, the Raleigh, N.C.-based provider of management consulting and investment banking to the engineering and construction industry, has forecast an 8% increase in construction activity for 2013. Robust growth in residential construction, as well as a few strong markets in nonresidential and non-building construction, will contribute to the expansion, the report said.

November 8, 2012

U.S. demand for decking is forecast to rise 2.4% annually, according to a study by the Freedonia Group, a Cleveland-based industry market research firm.

November 8, 2012

Existing single-family home sales rose in 120 out of 149 metropolitan statistical areas based on closings in the third quarter of 2012 compared with the same quarter in 2011, according to the national Association of Realtors (NAR), while 29 areas had price declines. In the second quarter of 2012, 110 areas showed increases from a year earlier.

November 6, 2012

The number of U.S. housing markets showing consistent improvement in three key measures of strength expanded by 22 in November to a total of 125, according to the National Association of Home Builders/First American Improving Markets Index (IMI). This marks a third consecutive monthly gain for the index, which now includes representatives from across 38 states, as well as the District of Columbia.

October 30, 2012

The Pending Home Sales Index, a forward-looking indicator based on contract signings, edged up 0.3% to 99.5 in September from 99.2 in August and is 14.5% above September 2011 when it was 86.9. The data reflect contracts but not closings. 

October 26, 2012

The Remodeling Market Index (RMI) rose to 50 in the third quarter of 2012, up from 45 in the previous quarter, according to the National Association of Home Builders (NAHB). The RMI is at its highest point since the third quarter of 2005.

The RMI component measuring current market conditions rose to 52 from 46 in the previous quarter, while the component measuring future indicators increased to 49 from 44.

October 26, 2012

Facebook brand engagement has risen 896% on a year-over-year basis, according to a new study from Adobe Systems Inc., with mobile users accounting for nearly one-quarter of all engagement.

Engagement on Facebook is expected to surge in the fourth quarter, Adobe's Digital Index for third quarter 2012 points out, as brands continue to invest in social marketing and take advantage of the latest Facebook platform changes (e.g., Timeline) to target consumers.

October 19, 2012

September existing-home sales declined modestly, according to the National Association of Realtors. Inventory continued to tighten and the national median home price recorded its seventh back-to-back monthly increase from a year earlier.  

Total existing-home sales fell 1.7% to a seasonally adjusted annual rate of 4.75 million in September from an upwardly revised 4.83 million in August, but are 11.0% above the 4.28 million-unit pace in September 2011.

October 17, 2012

Housing starts in September increased to a seasonally adjusted annual rate of 872,000, up 15.0% from the August figure. The pace of residential construction was the highest since July 2008, and up 34.8% over the same figure last year.

Single-family starts also increased double digits -- up 11.0% to a rate of 603,000.

Building permits in September were at a seasonally adjusted annual rate of 894,000, up 11.6% above the revised August rate of 801,000. Permits were up 45.1% over the September 2011 rate.

October 17, 2012

The majority of consumers intend to spend the same (67%) this holiday season than last year, and 10% plan to spend more while fewer that say they plan to spend less, according to the NPD Group’s 11th Annual Holiday Survey.

October 16, 2012

The National Retail Federation reported Monday that September retail sales -- excluding autos, fuel and restaurants -- increased a seasonally adjusted 0.4%, thanks to strong showings from clothing and electronics stores.

October 15, 2012

A report released Monday by the Commerce Department showed that retail sales in the U.S. climbed more than anticipated in September, boosted by unexpected increases in household spending.

Sales advanced 1.1% in September, on the heels on a 1.2% increase in August that was the biggest since October 2010. The median forecast of 77 economists surveyed by Bloomberg called for a 0.8% rise in September.

October 10, 2012

As retailers stock up for the holiday season, import cargo volumes at the nation’s major ports are expected to rise 9.9% in October, according to the monthly Global Port Tracker report released by the National Retail Federation (NFR) and Hackett Associates.

October 10, 2012

A just-released report by CoreLogic, an information and analytics provider, indicates that U.S. foreclosure inventory is at its lowest level since April 2010. But five states still account for almost 50% of all completed foreclosures nationally.

October 8, 2012

The Home Improvement Research Institute (HIRI) hosts a day-long series of presentations in Chicago Oct. 17, including the economic backdrop of home improvement. 

October 5, 2012

The Bureau of Labor Statistics' tally for September shows non-farm payroll rose by 114,000, as the official unemployment rate fell from 8.1% to 7.8%.

The 7.8% unemployment rate is the lowest since January 2009.

October 3, 2012

An analysis of home prices released by CoreLogic, a provider of information, analytics and business services, reported a 4.6% rise in home prices nationwide in August 2012. This change represents the biggest year-over-year increase since July 2006. On a month-over-month basis, including distressed sales, home prices increased by 0.3% in August 2012 compared to July 2012.

October 1, 2012

The Home Improvement Research Institute will set up shop in Chicago Oct. 17 for a series of research-related presentations. 

To be held at the Holiday Inn Chicago Mart Plaza, the event will kick off with an effort to read the future by J. Walker Smith, executive chairman of The Futures Company.

September 26, 2012

Deloitte is forecasting holiday sales will increase between 3.5% and 4% as the economy's health and the presidential election take center stage among consumers this fall.

Despite some distractions this year, retailers should expect a modest increase in 2012 holiday sales, according to Deloitte’s annual holiday forecast release Tuesday morning.

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