Existing Home Sales Increase During Month of May

During the month of May, U.S. existing home sales increased by 2.5% compared to last month, reaching a seasonally adjusted annual rate of 5.34 million units, according to a recent article by Reuters. Lower interest rates for mortgages helped give the data a boost this month.Reuters speculated the existing home sale rate would reach 5.25 million uni...
Continue reading
0
  1039 Hits
  0 Comments
Tags:
nacmblog
Tweet
1039 Hits
0 Comments

Small Businesses Feeling Positive About Months to Come

Heading into the summer months, small business owners are feeling hopeful about the business opportunities ahead, according to the latest findings from the National Federation of Independent Business (NFIB). On June 11, FNIB announced that several components in the Small Business Optimism Index improved—the overall index increased 1.5 points for a ...
Continue reading
0
  700 Hits
  0 Comments
Tags:
nacmblog
Tweet
700 Hits
0 Comments

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
0
  573 Hits
  0 Comments
Tags:
nacmblog
Tweet
573 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
0
  718 Hits
  0 Comments
Tags:
nacmblog
Tweet
718 Hits
0 Comments

Companies Begin to Move Manufacturing Out of China Amid Tariff Threats and Implementation

Amid the threats and implementation of Chinese tariffs, more companies consider moving operations out of China. According to Supply Chain Dive, companies like Apple and Nintendo have plans to move production to Southeast Asia from China. The fourth list of Chinese tariffs will likely be approved halfway through the month of June, impacting Apple an...
Continue reading
0
  718 Hits
  0 Comments
Tags:
nacmblog
Tweet
718 Hits
0 Comments

Construction Jobs Maintain Monthly Growth but Future Uncertain

Jobs in the construction industry rose minimally in May but garnered a 3% year-over-year (YOY) increase, according to Associated Builders and Contractors (ABC). In its assessment of the latest labor statistics data, ABC reported an additional 4,000 net new construction jobs were added in May, while the overall number of jobs increased to 215,000 co...
Continue reading
0
  566 Hits
  0 Comments
Tags:
nacmblog
Tweet
566 Hits
0 Comments

Trade Talks with Mexico Continue Amid Tariff Threats

​Negotiations between the U.S. and Mexico were set to resume June 6 after President Donald Trump said "not nearly enough" progress was made during a meeting between American officials and Mexico's foreign minister, Marcelo Ebrard, according to a recent article by Bloomberg. The tariffs are set to be implemented June 10, leaving little time for furt...
Continue reading
0
  607 Hits
  0 Comments
Tags:
nacmblog
Tweet
607 Hits
0 Comments

Sears Bankruptcy Creates More Challenges for Suppliers

The most successful business-supplier relationship is one of reliability. When one of the parties fails to hold its own, the relationship becomes harder to maintain and may even suffer as is the case with retailer Sears and its vendors.Sears first filed Chapter 11 bankruptcy in October 2018, and about a month later, the U.S. Bankruptcy Court approv...
Continue reading
0
  644 Hits
  0 Comments
Tags:
nacmblog
Tweet
644 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
0
  671 Hits
  0 Comments
Tags:
nacmblog
Tweet
671 Hits
0 Comments

Accounting Error Leads to Fraud Investigation at Metro Bank

When credit managers hear the word "fraud," some will jump to the conclusion that the perpetrators are adversaries outside the company. However, in the case of Metro Bank in the U.K., investors allege that securities fraud has taken place within the bank in addition to "other unlawful business practices."According to The Guardian, two New York-base...
Continue reading
0
  1555 Hits
  0 Comments
Tags:
nacmblog
Tweet
1555 Hits
0 Comments

April New Single-Family Home Sales Drop After March Rise

Unable to maintain March's upward trajectory, new single-family home sales dropped nearly 7% in April as experts try to pinpoint the cause behind this change in course. According to a National Association of Home Builders (NAHB) report on May 23, the decline in April sales led to a seasonally adjusted annual rate of 673,000 units, following March's...
Continue reading
0
  784 Hits
  0 Comments
Tags:
nacmblog
Tweet
784 Hits
0 Comments

May's CMI Continues to Trend Upward

May's Credit Managers' Index (CMI) saw an uptick for the second month in a row, reaching a combined score of 55.7. This is the first month since August and September of 2018 that the CMI saw two consecutive upticks. April's reading came in at 54, meaning the combined score went up more than a point.The combined sales category in favorables&nbs...
Continue reading
0
  674 Hits
  0 Comments
Tags:
nacmblog
Tweet
674 Hits
0 Comments

Don't Miss Out on Credit Congress 2019

A grand gathering of credit and financial professionals comes just once a year, and this year's Credit Congress and Expo will take place from May 19-22 in Aurora, Colorado. Featured at the conference will be a slew of educational opportunities, exhibitors and unique events outside of credit, yet still exciting to each credit professional.Kicking of...
Continue reading
0
  1738 Hits
  0 Comments
Tags:
nacmblog
Tweet
1738 Hits
0 Comments

Brick and Mortar Retailers’ Future Uncertain Amid Tariff Hikes

Although online shopping has been a constant roadblock for brick and mortar retailers, the latest revelations in the U.S.-Chinese trade war debacle is proving to be yet another hurdle for retailers nationwide, according to financial services firm UBS.President Donald Trump announced last week that the administration will raise tariffs to 25% on $20...
Continue reading
0
  737 Hits
  0 Comments
Tags:
nacmblog
Tweet
737 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 Of...
Continue reading
0
  1812 Hits
  0 Comments
Tags:
nacmblog
Tweet
1812 Hits
0 Comments

‘Little Reason’ to Worry Over Construction Input Price Increases

To the dismay of contractors, construction input prices saw nearly a 1% increase in April over the prior month, with a substantial increase in pricing year over year (YOY) at 2.4%. On May 9, Associated Builders and Contractors (ABC) reported price hikes in four of 11 subcategories in April, while seven declined.According to ABC's analysis of the U....
Continue reading
0
  1318 Hits
  0 Comments
Tags:
nacmblog
Tweet
1318 Hits
0 Comments

New Five-Year Low Reached in Goods Trade Deficit Between US and China

U.S. goods trade deficit with China hit a five-year low during the month of March, according to a recent article by Reuters. With trade tensions between the two countries and the 25% tariff on $200 billion worth of Chinese goods, President Trump's actions and push for the "America First" narrative have caused harm to the global economy.With tariffs...
Continue reading
0
  739 Hits
  0 Comments
Tags:
nacmblog
Tweet
739 Hits
0 Comments

Residential, Nonresidential Construction Jobs Show Signs of Improvement

The construction industry saw a modest gain in new jobs in April with a 3.5% increase in the past year. According to Associated Builders and Contractors (ABC) and the U.S. Bureau of Labor Statistics, 33,000 new net jobs were added between March and April 2019.Since April 2018, open positions in residential building grew by nearly 5% to 39,000 addit...
Continue reading
0
  1147 Hits
  0 Comments
Tags:
nacmblog
Tweet
1147 Hits
0 Comments

Strategic Global Intelligence Brief for May 6, 2019

Short Items of Interest—U.S. EconomyTrump 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, but...
Continue reading
0
  419 Hits
  0 Comments
Tags:
nacmblog
Tweet
419 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 unti...
Continue reading
0
  1128 Hits
  0 Comments
Tags:
nacmblog
Tweet
1128 Hits
0 Comments
       
5 6 7 8 9 10 11 12 13 14