5/23/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY E-commerce’s share of overall retail sales rebounds to 15.1 percent in 1Q2023 E-commerce sales rose 3.0% from the previous quarter vs. 0.9% for all retail sales and rose 7.8% year-on-year vs. 3.4% for all retail sales. As a share of overall retail sales, online sales captured 15.1% in 1Q2023, up from 14.8% the previous quarter and 14.5% in 1Q2022.  Whereas the pre-pandemic share had been gradually rising at the rate of about one percentage point per year, that spiked up from 11.1% in 2Q2019…

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NAHB Debuts New Index for Multifamily Activity

NAHB Debuts New Index for Multifamily Activity NAHB redesigned its Multifamily Market Survey in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for single-family housing. Read More National Association of Home Builders https://www.nahb.org/news-and-economics/press-releases/2023/05/nahb-debuts-new-index-for-multifamily-activity

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