July 8, 2013 |
Most of the nation's metropolitan housing markets can be classified as improving, according to a trade group, pointing to a broad-based housing recovery. The National Assn. of Home Builders said Monday that 255 metro housing markets are improving, a pullback from 263 in June, but the sixth consecutive month that at least 70% of metros tracked by the association earned the improving label. Southern California's housing recovery: An interactive map The association lists a market as improving when it shows increases in housing permits, employment and home prices for at least six months running. The home builder group dropped 14 markets from its list in July and added six. “The relative stability of the [index]
March 18, 2013 |
Current builder confidence in the market for new homes fell this month, according to a survey by the National Assn. of Home Builders, which said demand was not the problem. The NAHB/Wells Fargo Housing Market Index, released Monday, blamed a limited supply of ready-to-build-lots, rising materials and labor costs, along with the tougher credit and appraisal standards that prevail in the aftermath of the financial crisis. Quiz: How much do you know about mortgages? The survey touched on builders' frustrations at a time when Americans are feeling more confident about the economy and housing. "Many of our members are reporting increased demand for new homes in their markets,” said NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. Despite the current dissatisfaction, the longer-term picture is improving, the group said.
March 26, 2014 |
How do you know when an industry is getting serious? When it forms a trade group. And that's what the burgeoning business of big-money-backed single family rental homes did today. A handful of the single-family rental giants that scooped up at least 130,000 homes in Southern California and elsewhere over the last two years launched the National Rental Home Council on Wednesday, a Washington, D.C.-based operation that will "educate" and "advocate" about the "professionally-managed single-family rental industry.
January 16, 2014 |
Challenges such as high food and labor costs and a shaky economy may be looming, but the National Restaurant Assn. says it's confident the industry has just kicked off its fifth straight year of sales growth. Eateries will pull in more than $683.4 billion in revenue in 2014, according to the trade group's projections Thursday. That's a 3.6% nominal increase and a 1.2% real boost year over year. The top five states for sales growth are Arizona, North Dakota, Texas, Florida and Colorado, according to the association.
October 14, 2012 |
After a dramatic slump during the economic recession, spending on business travel in the U.S. began to climb in 2010 and 2011. But business travel spending is slowing down, perhaps a sign of anxiety in corporate America over the still shaky economy, turmoil in Europe and slower growth in China, according to a report by the Global Business Travel Assn., the trade group for the world's travel managers. “Corporations are in a wait-and-see mode and holding back on investment decisions that would help boost the economy,” said Michael McCormick, the executive director of the group.
October 2, 2013 |
Holiday sales this season will be resoundingly so-so, buoyed by promising economic signs while being stifled by the stalemate in Washington, according to the retail industry's top trade group. Sales in November and December, which include the shopping Super Bowls of Black Friday and Christmas, will tick up 3.9% to $602.1 billion in the U.S., according to the National Retail Federation's forecast. Last year, sales rose 3.5%. The average increase over the past decade is 3.3%. The holiday season accounts for as much of 40% of individual retailers' annual revenue and about 20% of the total industry's haul, according to the NRF. “While neither robust nor pessimistic, this is a realistic forecast of the industry's expectations,” NRF Chief Executive Matthew Shay said in a statement.