Economic Snapshot: Builder confidence rises after four months of stagnation

This increase follows four months of the index holding steady and is the highest reading since January 2016. Housing Market Index Builder confidence in the market for newly constructed single-family homes rose two points to a level of 60 in June. “Builders in many markets across the nation are reporting higher traffic and more committed …
Boating Industry

Economic Snapshot: Consumer confidence declines after September increase

After a moderate increase in September, consumer confidence declined in October. Consumer confidence has been bouncing back and forth for most of the year, but it remains higher than October 2014 when it was 94.5, the highest level the index had seen since 2007 at the time. Consumer confidence Consumer confidence declined in October, which […]
Boating Industry

What manufacturers (and dealers) need to beware of after the recent VW mess

Have you heard? Of course you have, Volkswagen is on the hot seat because of some not-so-ethical behavior. It’s a shame. It’s embarrassing. It’s downright criminal. But what do boat manufacturers need to beware of now that the scandal is scattered all across the headlines? The American consumer is now more skeptical than ever of […]
Boating Industry

Economic Snapshot: Record-breaking housing starts after harsh winter

Remember those concerning housing starts numbers in February and March? Those appear to be a result of seasonal blues that are now behind us, as we are seeing huge month-to-month and year-over-year growth in housing starts for April. Housing starts Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1.135 million. […]
Boating Industry