Chinese Businesses Impacted by Coronavirus Request Bank Loans Exceeding $8 Billion

With no end in sight, the coronavirus has become problematic for businesses throughout China that remain closed as the virus sweeps across the country—the death toll recently exceeding 1,100. On Feb. 10, Reuters reported more than 300 Chinese companies are hoping to soften the blow from the outbreak by requesting billions of dollars in bank loans.T...
Continue reading
0
  1246 Hits
  0 Comments
Tags:
nacmblog
Tweet
1246 Hits
0 Comments

Construction Employment Thrives in January

Construction employment continued rising in the new year, adding 44,000 net new jobs in January. Based on data from the U.S. Bureau of Labor Statistics, the industry grew nearly 2% year-over-year, exceeding 140,000 jobs.According to Associated Builders and Contractors (ABC), nonresidential construction employment made up more than half of the gain ...
Continue reading
0
  1342 Hits
  0 Comments
Tags:
nacmblog
Tweet
1342 Hits
0 Comments

ACH Growth Hits 12-Year High

ACH growth is at a 12-year high after huge improvements in 2019. The ACH Network saw nearly 25 billion payments last year, an almost 8% jump from 2018. The total value of the payments was nearly $56 trillion, which is an increase of nearly 9% from the previous year. Business-to-business (B2B) transactions also continued to climb in 2019. B2B paymen...
Continue reading
0
  1733 Hits
  0 Comments
Tags:
nacmblog
Tweet
1733 Hits
0 Comments

Construction Spending Dips in December

Construction spending declined slightly to end 2019. According to the Census Bureau, December spending dipped 0.2% below the revised November estimate. However, construction spending in December was 5% above that of December 2018. "A solid gain in residential spending was not enough to offset a drop in nonresidential," states a release from Wells F...
Continue reading
0
  2191 Hits
  0 Comments
Tags:
nacmblog
Tweet
2191 Hits
0 Comments

China Combats Coronavirus by ‘Supplying Cash to Money Markets’

Since the first reports of the outbreak in January, the coronavirus continues to take a toll on the Chinese economy and, in turn, the global economy. On Feb. 3, The New York Times (NYT) cited statistics from Oxford Economics, predicting China's economic growth to fall from last year's 6.1% to 5.6% in 2020. By all accounts, such a dramatic decline w...
Continue reading
0
  1940 Hits
  0 Comments
Tags:
nacmblog
Tweet
1940 Hits
0 Comments

CMI Begins 2020 with a Bang

The Credit Managers' Index (CMI) is off to an overwhelming start to 2020. While other indices such as the purchasing managers' index are down to begin the new year, the CMI rebounded in January from a down December to reach a nearly three-year high. "Given that credit managers tend to think in the future, this month's good data may be seen as a har...
Continue reading
0
  2520 Hits
  0 Comments
Tags:
nacmblog
Tweet
2520 Hits
0 Comments

Evolved Email Scam Threatens Companies’ Vendors

Attention all credit professionals! By now, the majority of you are at least familiar with the business email compromise (BEC) scam used by fraudsters to gain access to company information—usually finances—in the guise of an email from a fellow employee, e.g., manager, CEO, etc. However, scammers are no longer just after companies; they after compa...
Continue reading
0
  2115 Hits
  0 Comments
Tags:
nacmblog
Tweet
2115 Hits
0 Comments

Low Mortgage Rates Help Struggling New Home Sales

Low mortgages rates are the only factor holding up the U.S. housing market after reports of declining new single-family home sales in December. On Jan. 27, Reuters reported details from the Commerce Department that showed new homes sales dropped nearly half a percent last month, continuing the consecutive decline that began in October.December's 0....
Continue reading
0
  2219 Hits
  0 Comments
Tags:
nacmblog
Tweet
2219 Hits
0 Comments

Existing-Home Sales Skyrocket in December

Existing-home sales improved to a near two-year high in December. Sales jumped 3.6% from November, according to data released by the National Association of Realtors (NAR) earlier this week. Total sales, which include single-family homes, townhomes, condos and co-ops, increased 3.6% to a seasonally adjusted rate of 5.54 million. Sales are up nearly...
Continue reading
0
  1903 Hits
  0 Comments
Tags:
nacmblog
Tweet
1903 Hits
0 Comments

Builder Confidence Holds 20-Year High, Despite January Dip

Following January's slight dip in newly built single-family home builders' confidence, economists are optimistic about future home building gains given the latest readings are at their highest in 20 years. Builder confidence readings in December and January were last seen in July 1999, the latter's score inching one point lower to 75.According to t...
Continue reading
0
  2056 Hits
  0 Comments
Tags:
nacmblog
Tweet
2056 Hits
0 Comments

Housing Starts Hit 13-Year High

Privately-owned housing starts exploded in December to a 13-year high. According to the Department of Housing and Urban Development and Census Bureau, housing starts increased 16.9% in December above November's revised estimate. The seasonally adjusted annual rate of 1,608,000 is nearly 41% better than December 2018. "The big jump in the last month...
Continue reading
0
  2017 Hits
  0 Comments
Tags:
nacmblog
Tweet
2017 Hits
0 Comments

Nonresidential Construction Employment Ends 2019 on a High Note

The nonresidential construction sector ended 2019 with a bang, adding 20,000 net new jobs—an increase of more than 150,000 jobs (2%) compared to the prior year.In a month-over-month (MoM) analysis by Associated Builders and Contractors (ABC), the data revealed an employment increase of 16,700 jobs last month, most notably in nonresidential specialt...
Continue reading
0
  2109 Hits
  0 Comments
Tags:
nacmblog
Tweet
2109 Hits
0 Comments

Dodge Momentum Index Continues Rise

The Dodge Momentum Index continued to rise as 2019 came to a close. The construction-spending indicator released by Dodge Data & Analytics improved 1.5% in December to a reading of 156.2. December was the fourth-straight month of increases. For the full year, the Index was 3.7% below the 2018 average, but the institutional and commercial compon...
Continue reading
0
  2594 Hits
  0 Comments
Tags:
nacmblog
Tweet
2594 Hits
0 Comments

Outsource or Offshore Your Credit Team? NACM Wants to Hear from You

Do you outsource or offshore your credit team at your company? If so, NACM's editorial team would like to hear from you as part of a research initiative for an upcoming article in ​Business Credit​ magazine.Please take this quick survey to help us reach you:https://www.surveymonkey.com/r/5252HPRIf you would like to participate, you may al...
Continue reading
0
  2008 Hits
  0 Comments
Tags:
nacmblog
Tweet
2008 Hits
0 Comments

Single-Family Housing Hit Hard in 2010s

As a decade ends, another begins, but that isn't to say there aren't lessons to learn. According to the National Association of Home Builders (NAHB), the 2010s stands out to the construction industry because of the drastic drop in single-family home production, down from 12.3 million units in the 2000s to 6.8 in the 2010s. The decline is even more ...
Continue reading
0
  1880 Hits
  0 Comments
Tags:
nacmblog
Tweet
1880 Hits
0 Comments

Construction Spending Increases in November

Construction spending is on the rise as data for 2019 continues to flow in the new year. According to the Census Bureau, spending reached a seasonally adjusted annual rate of $1.324 trillion in November 2019, up 0.6% from the previous month. This is also more than 4% higher than November 2018, and it's the best November showing on record, dating ba...
Continue reading
0
  1988 Hits
  0 Comments
Tags:
nacmblog
Tweet
1988 Hits
0 Comments

New Home Sales Increase After Downward Revision

New single-family home sales are on the rise after the previous month's rate was revised downward. The Census Bureau and Department of Housing and Urban Development announced earlier this week new home sales in November were at a seasonally adjusted rate of 719,000, up 1.3% from October. Year-to-year, sales were up 16.9% from November 2018's estima...
Continue reading
0
  2303 Hits
  0 Comments
Tags:
nacmblog
Tweet
2303 Hits
0 Comments

Existing-Home Sales Fall Flat in November

Existing-home sales fell flat in November despite the anticipated decline. Economists predicted sales would slip 0.2% in November, according to Reuters, but they actually dropped eight times more than expected. Existing-home sales took a 1.7% step back, states the National Association of Realtors (NAR). However, sales are still up 2.7% from a year ...
Continue reading
0
  2168 Hits
  0 Comments
Tags:
nacmblog
Tweet
2168 Hits
0 Comments

Inflation Remains Low, US Economy Still Strong

The Chicago Federal Reserve released its analysis of the U.S. economy Dec. 18, noting favorable outcomes but stating inflation rates remain "worrisomely low," according to an article in Reuters. The labor market and the consumers conversely are "remarkably well" in contrast to inflation.Monetary policy, similarly, is in a "good place," which likely...
Continue reading
0
  2661 Hits
  0 Comments
Tags:
nacmblog
Tweet
2661 Hits
0 Comments

Construction Material Prices Largely a ‘Nonissue’ for Contractors

As 2019 comes to a close, contractors are enjoying the ongoing decline in construction input prices, which decreased half of a percent in November. According to Associated Builders and Contractors (ABC) and their chief economist, Anirban Basu, material prices are "a nonissue" for contractors, despite trade disputes and tariffs.ABC reported not only...
Continue reading
0
  3853 Hits
  0 Comments
Tags:
nacmblog
Tweet
3853 Hits
0 Comments
       
18 19 20 21 22 23 24 25 26 27