Franchise Growth Outpaces Overall Economy

Information released by HIS Global and the International Franchise Association (IFA) indicate that the franchise industry has had healthy growth recently and is expected to do so through 2014. Here are some of the major points from these studies:

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Recall: Gree Dehumidifiers

Gree and the CPSC have issued a recall for dehumidifiers with several brand names and model numbers. The dehumidifiers can overheat and pose a serious fire risk. See the link below for full details on the dehumidifiers included in the recall. This recall is in effect for approximately 2.2 million units sold.

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Housing Market Making Strides According to Homes.com

According to a recent Homes.com study, all 100 of the top U.S. housing markets showed growth in price for single-family homes in July. This data shows an increase from 87 housing markets the month before. The Homes.com Price Index takes into account price data for the largest 100 markets and demonstrates which ones had price gains month to month.

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Recall: Waterlogic Water Dispensers

Waterlogic and the CPSC have issued a recall for chiller based water dispensers. The machine’s tank can stop working, causing it to overheat and become a fire hazard. The recall is in effect for approximately 48,000 units. See the link below for model numbers and other information.

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Production Up For August

The recent rise in single-family starts has allowed the U.S. market to ramp up housing production. Data taken from HUD and the U.S. Census Bureau show a 0.9% rise in this category for the month of August. This brings production up to a seasonally adjusted annual rate of 891,000 units. Growth was seen in all four regions of the U.S.

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Recent Growth Signals Good Times Ahead For Franchising Sector

According to a recent International Franchise Association survey, the franchise industry is expected to grow considerably over the next year. Job growth in this sector is estimated to rise 1.9% during the rest of 2013. This is higher than the overall jobs rate in America, which is projected to grow 1.6% during the same period. This is a welcome sign for an improving sector of the economy and hopefully a sign of good things to come.

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Recall: Dolan Designs’ Light Fixtures

Dolan Designs and the CPSC have issued a recall for Ceiling Mounted Light Fixtures. The light fixtures’ wiring can degrade and has the potential to charge metal components of the unit. This can cause the light fixture to be electrically charged and become a shock and fire hazard. The recall is in effect for approximately 8,000 units sold.

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Several Factors Show Housing Market Turnaround

According to the August National Housing Trend Report, several factors point to positive change concerning the national housing market. Inventory count, median age and median list price are all taken into account for this report. All three factors showed positive signs for a growing U.S. housing market:

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New-Home Sales Up in August

According to the National Association of Home Builders (NAHB), sales of newly built, single-family homes grew in August. There was a 7.9% jump in sales for this category, which brings the seasonally adjusted annual rate to 421,000 units.

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Recall: Philips Lighting LED Bulbs

Philips Lighting and the CPSC have issued a recall for Endura and Ambient LED dimmable light bulbs. The bulbs can be improperly wired and electrify the entire lamp, making it a potential shock hazard. The recall is in effect for approximately 99,000 units.

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