Builder Confidence Strong Despite June Letdown

Builder confidence for newly built single-family homes is on the decline, yet overall confidence is still very high. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) slipped two points in June to a reading of 64, the first month-to-month drop since December. However, this is the fifth consecutive month in the 60s. "W...
Continue reading
  66 Hits
  0 Comments
Tags:
66 Hits
0 Comments

Bankruptcy Filings Increase in May

Bankruptcy filings are on the rise. May bankruptcy filings increased 2% year-over-year, according to this week's release from the American Bankruptcy Institute. Commercial filings jumped 3% last month compared to May 2018. Commercial Chapter 11 filings increased 7% in May to nearly 500. "High filing costs place additional debt burdens on struggling...
Continue reading
  108 Hits
  0 Comments
Tags:
108 Hits
0 Comments

Construction Spending Unchanged in April

Construction spending is on the decline year-over-year, yet it remained unchanged in April. April 2019 numbers, released by the Census Bureau earlier this week, are 1.2% behind April 2018 data; however, spending in the first third of 2019 is slightly above the same timetable in 2018. "The clear standout was the public sector, which rose 4.8% during...
Continue reading
  135 Hits
  0 Comments
Tags:
135 Hits
0 Comments

ACH Network Starts 2019 with Bang

The ACH Network is off to a strong start in 2019. The number of payments on the platform increased 5.8% in the first quarter compared to the previous year, states Nacha. The daily volume of payments also increased 7.5%. "The first quarter results show that the ACH Network is poised for another year of sustained growth," said Nacha Chief Operating O...
Continue reading
  279 Hits
  0 Comments
Tags:
279 Hits
0 Comments

Strategic Global Intelligence Brief for May 8, 2019

Short Items of Interest—U.S. Economy Consumers in the Cross Hairs There is no guarantee Trump will follow through with his tariff threats, but the actions can't be ruled out either. If the 25% tariff is imposed on this $40 billion worth of goods from China, the most immediately affected will be the U.S. consumer. The tariffs imposed in the past hav...
Continue reading
  82 Hits
  0 Comments
82 Hits
0 Comments

Strategic Global Intelligence Brief for May 6, 2019

Short Items of Interest—U.S. Economy Trump Throws Wrench into China Trade Talks For the last few weeks, it has appeared there was real progress being made in terms of U.S.-China trade talks. Even those who have been negotiating for the U.S. have been sounding optimistic. It seemed there were still some tough last-minute details to be worked out, bu...
Continue reading
  90 Hits
  0 Comments
Tags:
90 Hits
0 Comments

West Virginia Implementing Vendor Payment Stoppage

West Virginia is in the process of implementing a two-part payment stoppage for vendors who don't pay state taxes. The Office of the State Auditor made the announcement earlier this month that the state will stop payments to vendors who owe the state money. "The number of vendors to be included in the intercept routine will gradually get larger unt...
Continue reading
  285 Hits
  0 Comments
Tags:
285 Hits
0 Comments

Construction Spending Dips in March

Construction spending is on the decline after a slight dip in March. According to the latest data from the Census Bureau, total construction spending is at a seasonally-adjusted annual rate of $1.28 trillion, nearly 1% below February's revised estimate. March is also nearly a percent behind the pace from March 2018. Spending for the first three mon...
Continue reading
  325 Hits
  0 Comments
Tags:
325 Hits
0 Comments

Global Strategic Intelligence Brief for May 3, 2019

Short Items of Interest—U.S. Economy Better than Expected The latest jobs report was certainly healthy—a little better than even the optimists had thought likely. The estimate had been that 196,000 jobs would be created, but the final tally was 263,000. The rate of unemployment also fell to yet another half century low of 3.6%. The details will be ...
Continue reading
  95 Hits
  0 Comments
95 Hits
0 Comments

Existing-Home Sales Decline in March

Existing-home sales are on the decline across the U.S. According to the latest release from the National Association of Realtors, existing-home sales dropped 4.9% in March to a seasonally adjusted annual rate of 5.21 million. Sales are also down more than 5% from March 2018. "It is not surprising to see a retreat after a powerful surge in sales in ...
Continue reading
  409 Hits
  0 Comments
Tags:
409 Hits
0 Comments