follow us

FYI

Nearly seven of 10 consumers say high gas prices are having a significant impact on their budgets

Briefly.....

Nearly seven of 10 consumers say high gas prices are having a significant impact on their budgets, according to the latest American Pulse Survey. Consolation prize goes to retailers with Web sites providing the ability to purchase online. For those who are shopping, 33% of online U.S. adults are choosing to shop online rather than in physical stores due to high gas prices, according to a recent iCongo survey. Other reasons include: free shipping, lower prices and the freedom to shop at any time.

With fewer people planning to spend tax rebate checks on big ticket items such as furniture (2.7 million vs. 4.0 million in February), per a National Retail Federation Tax Rebate survey conducted in May, the Internet may be retailers’ “stimulus” package.

Unemployment
Seasonally adjusted annual rate

National Apr. 5.0%
Mar. 5.1%


Consumer credit outstanding
Percent change at annual rate
Seasonally adjusted

r = revised; p = preliminary
2007 2008
Q2 Q3 Q4 Q1p Jan.r Feb.r Mar.p
Total 5.6% 8.2% 4.0% 5.4% 5.8% 3.1% 7.2%
Revolving 6.8 8.6 8.6 6.7 7.1 5.0 7.9
Nonrevolving 4.9 7.9 1.2 4.6 5.1 2.0 6.8


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
March '08 numbers are preliminary
Source: Bureau of the Census and National Assn. of Realtors
March ’08 927 108 126 501 192
Change from Mar. ’07 -40.9% -34.9% -48.1% -33.5% -52.8%
Starts
March ’08 947 97 121 499 230
Change from Mar. ’07 -36.5% -24.8% -46.5% -34.8% -38.0%
New home sales
March ’08 526 29 63 312 122
Change from Mar. ’07 -36.6% -64.6% -50.0% -25.9% -39.3%
Existing home sales
March ’08 4,930 910 1,160 1,920 940
Change from Mar. ’07 -19.3% -18.8% -15.9% -20.0% -22.3%


Other Home Furnishings Sites

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