10/18/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   September 2022 retail sales flat from August but up 8.2 percent year-on-year September retail sales were flat from August but rose 8.2 percent year-on-year.  However, since the September CPI also rose 8.2 percent year-on-year and 0.4 percent from August, consumers are struggling as wage gains aren’t keeping up with rising prices.  Total sales for the July 2022 through September 2022 period were up 9.2 percent from the same period a year ago. https://www.census.gov/retail/marts/www/marts_current.pdf   Consumer sentiment up 2.2 percent from September but down…

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Governor Hochul Announces Construction Has Begun on $44 Million Housing Development for Seniors in Yonkers

Governor Hochul Announces Construction Has Begun on $44 Million Housing Development for Seniors in Yonkers All 60 apartments will be affordable to residents aged 62 and older with incomes at or below 60 percent of the Area Median Income. Read More New York Homes and Community Renewal https://hcr.ny.gov/news/governor-hochul-announces-construction-has-begun-44-million-housing-development-seniors

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