follow us

FYI

Business outlook

Briefly.....

Though cooler weather is on the horizon, many consumers still want to take advantage of their outdoor spaces. Hearth products are helping consumers to extend their outdoor seasons to year-round outdoor living.

According to the Hearth, Patio & Barbecue Association, 1.9 million hearth products were shipped across the U.S. last year. And, more than three-fifths of consumers cited a fire pit/fireplace as a feature they would want to have for their ideal home resort per Casual Living and HGTV’s exclusive 2009 Outdoor Spaces Survey. Retailers who provide the hearth products consumers want may be able to fire up their sales this fall season.

Consumer credit outstanding
Percent change at annual rate
Seasonally adjusted

2008 2009
Q3r Q4r Q1r Q2r Mayr Juner Julyp
r = revised; p = preliminary
Total 0.6% -3.0% -3.7% -6.6% -4.2% -7.4% -10.4%
Revolving 3.3 -7.3 -9.6 -9.7 -12.1 -6.4 -8.0
Nonrevolving -1.0 -0.4 -0.2 -4.8 0.4 -8.0 -11.7


Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.

Nonrevolving credit includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers or vacations. These loans may be secured or unsecured.

Source: Federal Reserve

Housing
Unit numbers in thousands
Seasonally adjusted annual rate

Permits United States Northeast Midwest South West
July ’09 numbers are preliminary
Source: Bureau of the Census and National Assn. of Realtors
July ’09 560 55 105 277 123
Change from July ’08 -39.4% -45.0% -27.6% -42.7% -37.2%
Starts
July ’09 581 67 114 276 124
Change from July ’08 -37.7% -58.6% -25.5% -36.7% -31.9%
New home sales
July ’09 433 45 61 222 105
Change from July ’08 -13.4% 9.8% -4.7% -18.4% -14.6%
Existing home sales
July ’09 5,240 930 1,220 1,950 1,130
Change from July ’08 5.0% 3.3% 8.0% 5.4% 1.8%


Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Home & Textiles Today