The National Association of Realtors Reported today that existing home sales fell 1.2 percent in June, indicating some slippage in our struggling housing market recovery. Some news outlets are reporting that rising mortgage rates are squashing buyer purchasing power. If true, especially with rates still at “historic lows,” it certainly doesn’t say much for the […]
Tag Archives: sales
New Jobless Claims Down, Retail Sales Up
For the week ended 6/8/2013, new jobless claims came in at 334K, a drop of 12,000 from the previous week’s reading of 346K. Continuing Claims did, however, inch up by 2,000, which could signal the beginning of a slowdown in hiring. May retail sales surprised to the upside. For the month of May, retail sales […]
Same Store Sales Down For The Week Ending 5/25/2013
The International Council of Shopping Centers, in its ICSC-Goldman Same Store Sales report, indicated that same store sales were down for the week ending 5/25/2013. On a Y/Y basis, same store sales declined three tenths of one percent to 2.8 percent. Overall, the report was discouraging. It reported that retailers, in general, did not get […]
Major Retailers See A 3.1% Rise In Weekly Sales
Earlier today the ICSC-Goldman Store Sales gauge showed a 3.1 percent increase over the prior week. The report attributed the rise to pent-up demand following the previous week’s weak report, and to the warm weather throughout much of the country. Unfortunately, the gain does little to lift its full month outlook which is flat to […]
