According to the International Franchise Association (IFA), recent data shows the franchising industry will grow faster than other businesses in 2013. Earlier projections by the IFA from the 1st quarter of this year have remained unchanged and recent research supports such growth. The IFA forecast for 2013 projects a 1.5% increase in franchises, 2.0% growth in franchise related jobs, a 4.3% gain in output, and a gross domestic product (GDP) increase of $472 billion for the industry.
A positive sign in the improvement of the U.S. housing market, builder confidence, showed gains in June. The information was pulled from the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) and was at its highest level since April of 2006. It was also the largest monthly gain since September of 2002. The index is taken from builder sentiment on current sales conditions, expectations of future sales, and traffic of buyers. All categories increased month-to-month.
Home Depot has issued a recall for Soleil Portable Fan Heaters. The units can melt and catch fire and become a fire hazard. The recall includes approximately 107,000 units sold throughout the U.S. See the link below for further details on this recall.
A poll of over 5,000 homeowners was recently released by the National Association of Realtors. Participants were asked what they look for when buying a home. Factors, such as quality of neighborhood, convenience to a job, affordability, and quality of schools were included amongst other categories.
The National Association of Home Builders (NAHB) is reporting a recent surge in the sales of newly built, single-family homes. There was an 8.3% increase month-to-month for May to June, which brings the seasonally adjusted rate up to 497,000 units. This is the fastest pace of sales in this category in five years.
Data released by the S&P/Case-Shiller Home Price Indices showed a 2.5% (10 city composite) and 2.4% (20 city composite) jump in home prices from May of this year from April. The index includes numbers taken from composites of the most populated metros in the U.S. These gains were seen in all 20 markets month-to-month and year-to-year.
According to the National Association of Home Builders/First American Improving Market Index, or the IMI, 255 metropolitan areas in the U.S. have had six months in a row of improving employment growth, house price appreciation, and single-family housing permit issuance. The IMI is conducted to see which U.S. housing markets are demonstrating improved economic health.
For the seventh month in a row, the Franchise Business Index has improved. The strong showing is partially due to the almost 28,000 jobs franchises have created in this year. The index gauges the franchise industry’s health in several areas. Positive gains were made in the number of the self employed, unemployment rate consumer demand for franchise related services, amongst others.
Robin America has issued a recall for several models of Subaru Portable Gasoline Generators. The fuel tank can leak on these models and be a fire or burn hazard. The recall includes approximately 4,500 units sold in the U.S. and Canada. See the link below for additional details.
We are currently seeing some positive signs in several aspects of the U.S. housing market. According the National Association of Realtors (NAR), this includes median existing home prices with a 13.5% increase in June from the same time in 2012. This marks the seventh straight month in gains for this category and the 16th month in a row with gains year-to-year.