August 2014 Virginia Tech Housing Report
August data can be viewed as representative of the 2014 housing market to date. Certain subsectors performed okay, and many sectors were disappointing. There has been a lot of volatility in the data, this is expected in multifamily reporting - but not for other sectors. For instance, housing starts and new house sales data has been volatile - and this is not typical.
What does this volatility represent? We have to be patient and pay keen attention to the next few months of reporting.
As written in previous months, the near-term outlook on the U.S. housing market remains unchanged. There are potentially several negative macro-factors or headwinds at this point in time for a robust housing recovery (based on historical long-term averages). Once the economy improves, we should expect to see housing increase as well. Why?
1. Lack-luster household information
2. A lack of well-paying jobs being created
3. A sluggish economy
Learn more about these factors in the August 2014 Housing Report here.
Each month you can access specific data on new housing starts, existing home sales and construction spending, and feature analysis on overall impact to the economy and your business. These monthly housing reports are provided courtesy of Virginia Tech. Remember to take advantage of all the exclusive industry reports and research available to you as an NAFCD member. Visit the Members Only section of the website to access more reports, username and password required.
2014 NAFCD Annual Convention Highlights
Meet Sal Giunta, the first living Medal of Honor Recipient since the Vietnam War.
Staff Sergeant Salvatore, "Sal," Giunta is the first living person to receive the Medal of Honor, the highest honor presented by the U.S. military, since the conclusion of the Vietnam War. A valiant leader, former U.S. Army Staff Sergeant Sal Giunta was introduced by President Barack Obama as being "as humble as he is courageous" when he was presented with The Medal of Honor for his heroic actions during combat in the Korengal Valley of Afghanistan. Saving his squad from the Taliban during a deadly ambush in Afghanistan, Sal shares his courageous story and the importance of teamwork, selflessness and leadership. Join us for this true American hero's story of unwavering courage, dedicated teamwork and decisive leadership at the 2014 NAFCD Annual Convention.
Learn more by visiting the 2014 NAFCD Annual Convention Website.
Save the Date: 2015 University of Innovative Distribution
Learn how to improve your company's bottom line and personnel performance at the 2015 University of Innovative Distribution (UID).
The University of Industrial Distribution, a renowned educational program focused on serving the unique needs of the wholesale distribution industry, has officially changed its name to the University of Innovative Distribution.
UID is designed for all staff working in the wholesale distribution channel, including distributors, from manager-level personnel to CEOs, and manufacturer personnel working with national distribution channels. Courses fill up quickly, so mark your calendars and plan to join NAFCD at the 2015 UID!
Registration opens soon! Sign-up on the UID website to be notified as soon as registration opens. Watch the site for more information and course details.
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