Robert Hughes

Multifamily Segment Leads Housing Market Construction in August

“Multifamily housing activity has been surging recently while the single-family segment struggles. Uncertainty due to the latest wave of Covid combined with rising home prices and ongoing labor and materials shortages for builders all contribute to a challenging environment for housing.” – Robert Hughes

Consumer Sentiment Improved Slightly but Remained Low in Early September

“Consumer sentiment remained weak in early September as consumers react to the one-two punch of elevated numbers of new Covid cases and rising prices for many consumer goods. The survey results suggest economic conditions in the second half of 2021 could be disappointing.” – Robert Hughes

Core Retail Sales Post a Strong Gain in August

“Retail sales rose in August with core retail sales particularly strong. Resilient consumer spending is a positive for the outlook but Covid is sustaining an elevated level of uncertainty.” – Robert Hughes

Everyday Price Index Rises at a Slower Pace in August

“AIER’s Everyday Price Index posted a slower gain in August but is still up 6.8 percent from a year ago. Prices of many goods and services continue to be distorted by the lingering effects of the pandemic and government shutdowns. As these distortions fade, price pressures are likely to ease.” – Robert Hughes