GREAT NEW US IS SPENDING LIKE IT IS 2006, AGAIN!!

By
Real Estate Agent with Exit Realty Virginia 0225201438

The latest Home Depot reports. The last 3 months. On average, shoppers spent more than at any point since 2006 and sales at stores open for a year or more jumped 6%.

 Americans are ramping up spending on efforts to spruce up newly-purchased homes or ones they'd like to sell. While housing might not be back to pre-crisis levels, it's certainly looking a lot healthier.

More people bought goods that cost $800 or more

Home Depot said housing turnover and household formation -- two critical metrics -- are now running ahead of where the company anticipated. Home prices also continue to increase moderately. When Consumers believe their home is an investment, not an expense, they spend differently. 

Americans increased spending on appliances, tools, plumbing, décor, lighting, kitchen and bath hardware and flooring. Another positive sign: The amount of Home Depot transactions exceeding $900 rose 6% last quarter. Home Depot also said sales momentum built during the summer, going from 3.5% growth in May to 8% in July.

 

Comments (1)

Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Seeing the numbers in action says a lot Belinda, but finding a parking space near the front door is even more of a telltale. Has it been a decade already?

Sep 01, 2015 08:09 PM