Robert Hughes

Unit Auto Sales Fell in June

“Light-vehicle sales fell again in June, falling below the recent range. A semiconductor shortage continues to disrupt production and is likely distorting sales, inventories, and prices.” – Robert Hughes

Pandemic Pressures Continue to Unwind in Housing

“Home construction activity showed additional signs of cooling in May. The combination of a reopening economy that may be reversing pandemic-related housing preferences and rising single-family prices appear to be impacting activity.” – Robert Hughes