US Job Growth Unaffected by Government Shutdown

Job growth in the United States saw its best of 11 months in January, according to the Department of Labor, despite the 35-day partial government shutdown that furloughed approximately 800,000 workers. On Feb.1, Reuters reported the Labor Department's findings that there was no "discernible" impact on job growth last month.Hiring spiked in January ...
Continue reading
0
  1399 Hits
  0 Comments
Tags:
nacmblog
Tweet
1399 Hits
0 Comments

Credit Managers’ Index Lags to Open 2019

The Credit Managers' Index from NACM is off to a slow start in 2019 following a decline to end the previous year. The combined index dipped to 53.4 in January from December's reading of 54.2. Many of the issues were seen in the unfavorable factors—accounts placed for collection, disputes, dollar amount beyond terms and dollar amount of customer ded...
Continue reading
0
  2675 Hits
  0 Comments
Tags:
nacmblog
Tweet
2675 Hits
0 Comments

Australian Legislation Requested to Address Late Supplier Payments

Small businesses in Australia are struggling to get paid on time and the government is taking notice. On Jan. 28, The Australian reported Sen. Pauline Hanson's discussion to take legislative measures to require businesses to pay their small business suppliers in a specific timeframe, citing concerns of delayed and late invoices.The issue was brough...
Continue reading
0
  911 Hits
  0 Comments
Tags:
nacmblog
Tweet
911 Hits
0 Comments

US Home Prices Still Showing Increases

U.S. home prices are increasing, however, at a slower pace than the month prior. According to the latest S&P CoreLogic Case Shiller U.S. National Home Price NSA Index, prices were up 5.2% annually in November compared to 5.3% in October. The 10-city and 20-city composite indices were also down year-over-year in November compared to the previous...
Continue reading
0
  1990 Hits
  0 Comments
Tags:
nacmblog
Tweet
1990 Hits
0 Comments

Dismal Outlook for 2019: Davos Forum

The World Economic Forum Annual Meeting in Davos, Switzerland, ended Jan. 25 with global economic leaders doubtful for the future. Compared to the 2018 annual forum, morale is far lower this year. At the beginning of the conferences, the International Monetary Fund (IMF) cut its global growth for 2019, setting the tone for the rest of the conferenc...
Continue reading
0
  985 Hits
  0 Comments
Tags:
nacmblog
Tweet
985 Hits
0 Comments

Rising Mortgage Rates, Prices Rock Existing-Home Sales in December

Home construction is feeling the implications of rising mortgage rates, according to the National Association of Home Builders (NAHB), after reports saw nearly a 6.5% drop in existing-home sales in December 2018. NAHB analyzed data from the National Association of Realtors (NAR) published on Jan. 22, which included single-family homes, townhomes, c...
Continue reading
0
  870 Hits
  0 Comments
Tags:
nacmblog
Tweet
870 Hits
0 Comments

Global CEO Optimism Down Over Political Undertakings

Despite the whirlwind of optimism in 2018, CEOs worldwide aren't nearly as hopeful about their respective business climates, according to a recently released survey by PwC and the World Economic Forum (WEF). More than 1,300 CEOs responded to the global survey, 30% of whom anticipate a decline in global growth over the next year.On Jan. 22, PwC Glob...
Continue reading
0
  964 Hits
  0 Comments
Tags:
nacmblog
Tweet
964 Hits
0 Comments

Lower Construction Input Prices Can’t Shake Weakening Economic Growth

December's construction input prices brought some good news to contractors, as Associated Builders and Contractors (ABC) reports a 1.7% month-over-month (MoM) decline that was most notable in nonresidential construction pricing. Although contractors' concerns aren't completely diminished, ABC Economist Anirban Basu said in the report that the price...
Continue reading
0
  925 Hits
  0 Comments
Tags:
nacmblog
Tweet
925 Hits
0 Comments

Corporate Liquidity Squeeze on Horizon

Corporate liquidity is in for a slight squeeze in the future according to the latest Liquidity-Stress Indicator (LSI) from Moody's Investors Service. The LSI was unchanged in December; however, at 3.7%, it is at its highest reading since May 2017. "We expect slower corporate earnings growth and tighter funding conditions this year to continue to li...
Continue reading
0
  1081 Hits
  0 Comments
Tags:
nacmblog
Tweet
1081 Hits
0 Comments

US Contractors Using Off-Site Construction for Commercial Projects

U.S. contractors in the commercial construction industry are exploring off-site construction as a means to address labor shortages, according to the National Institute of Building Sciences Off-Site Construction Council. Following a 2018 survey, about 54% of respondents said they were utilizing off-site construction, which the council as "the planni...
Continue reading
0
  886 Hits
  0 Comments
Tags:
nacmblog
Tweet
886 Hits
0 Comments

China’s Exports and Imports Fall, Dismal Outlook for World Economy

China's exports have fallen, which has raised concerns in the global market. During the month of December exports saw the largest drop in two years, indicating China's economic power is weakening in 2019 with a smaller global demand, according to a recent article by Reuters. Along with this sharp decline, China posted its largest trade surplus with...
Continue reading
0
  969 Hits
  0 Comments
Tags:
nacmblog
Tweet
969 Hits
0 Comments

US President Will Not Attend International Business Forum Amid Government Shutdown

U.S. President Donald Trump will be skipping the World Economic Forum Annual Meeting in Davos, Switzerland, amid the partial government shutdown. Treasury Secretary Steven Mnuchin and other White House officials may join the forum, which will take place from Jan. 22 to Jan. 25, but the president said he will not be in attendance. This foreshadows t...
Continue reading
0
  1671 Hits
  0 Comments
Tags:
nacmblog
Tweet
1671 Hits
0 Comments

Number of Open Construction Jobs Declines in November

The U.S. Bureau of Labor Statistics wasn't very optimistic when estimating October 2018's construction unemployment rates, which surprised economists with the highest number of open construction jobs in the 18-year history of the Job Openings and Labor Turnover Survey (JOLTS). However, the National Association of Home Builders (NAHB) reported, such...
Continue reading
0
  1572 Hits
  0 Comments
Tags:
nacmblog
Tweet
1572 Hits
0 Comments

Euro Area Sovereign Outlook Stable to Start 2019

Euro area sovereigns have a stable outlook for 2019 according to a new report from Moody's Investors Service. Economic growth is expected to remain healthy as government debt burdens ease. "While economic growth in the euro area will slow in 2019, at 1.9%, it will remain robust enough to be credit supportive," said Steffen Dyck, a vice president an...
Continue reading
0
  3111 Hits
  0 Comments
Tags:
nacmblog
Tweet
3111 Hits
0 Comments

US Job Numbers in December Outweigh Unemployment

In a flip-flop over prior years, the U.S. is seeing more jobs than unemployed workers throughout the country, recently exceeding the number of added jobs predicted for December. Labor shortages are noticeable in several industries, so businesses are scrambling to devise tactics to increase potential employee interest.MSNBC reported last week a whop...
Continue reading
0
  1009 Hits
  0 Comments
Tags:
nacmblog
Tweet
1009 Hits
0 Comments

Despite Dip in Construction Confidence, There Is Still a Positive Outlook for 2019

Contractors in the construction industry lost confidence during 2018's third quarter, but moving into the near future, many regained a sense of optimism, according to Associate Builders and Contractors' (ABC) latest Construction Confidence Index (CCI).The index claims about 75% of construction firms expect sales will see an uptick through the end o...
Continue reading
0
  4217 Hits
  0 Comments
Tags:
nacmblog
Tweet
4217 Hits
0 Comments

Mall, Shopping Center Vacancies Pave Rocky Path for Retail Sector

Despite the holiday season, December was not welcoming to the retail sector as overall service sector sales plummeted to the lowest mark of the year, according to NACM Economist Chris Kuehl's findings in last month's Credit Managers' Index (CMI). An underlying trend remains unknown, but a recent CNBC report indicates the latest retail pitfalls coul...
Continue reading
0
  1315 Hits
  0 Comments
Tags:
nacmblog
Tweet
1315 Hits
0 Comments

Latest Home Data Shows Spike in Costs, Dip in Pending Sales

U.S. home prices are on the rise according to two separate data releases announced this week. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reports home price increases in all nine census divisions—a year-over-year jump of 5.5% in October. Meanwhile, the Federal Housing Finance Agency announced prices rose 0.3% in October co...
Continue reading
0
  1180 Hits
  0 Comments
Tags:
nacmblog
Tweet
1180 Hits
0 Comments

Credit Managers’ Index Ends 2018 on Sour Note

NACM's Credit Managers' Index, hoping to build momentum from November, closed out 2018 with a slight flop. The December reading slipped 1.6 points back toward its October reading. "On one level, this is disappointing. It would have been nice to see the index continue tracking upwards, but it is important to remember that any reading over 50 suggest...
Continue reading
0
  12806 Hits
  0 Comments
Tags:
nacmblog
Tweet
12806 Hits
0 Comments

Multifamily Housing Starts Create Upswing for Overall US Development

Following October's unanticipated decline in U.S. housing starts, homebuilding saw an upswing in November thanks to substantial gains in multifamily housing construction. Single-family housing starts, however, restrained any further growth, reaching its lowest reading since August 2017.On Dec. 18, the National Association of Home Builders (NAHB) re...
Continue reading
0
  1455 Hits
  0 Comments
Tags:
nacmblog
Tweet
1455 Hits
0 Comments
       
14 15 16 17 18 19 20 21 22 23