The costliest retail location in the world is 5th Avenue in NYC between 49th and 60th Streets; the rent is $3,500/square foot/year. Next comes Causeway Bay in Hong Kong at $2,399, the Champs Elysees in Paris at $1,372, and New Bond Street in London at $1,321. Among the 15 costliest locations only
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11/27/2016
Sales of heavy trucks, those weighing over seven tons, peaked at a seasonally adjusted rate of 555,000 in August of 2006, but then buckled in the Great Recession to 181,000 by May of 2009. Sales then quickly recovered to 479,000 by June of 2015 then fell to just 370,000 this past July due to the
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11/23/2016
ABC Action News and its dozens of affiliates have uncovered quality complaints about big homebuilders in various parts of Florida. For instance, homeowners in Carriage Pointe in the Gibsonton Community recently sued Lennar Homes, claiming stucco was not installed according to Florida Building Cod
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11/20/2016
Today's weekly first-time unemployment claims data came in at a staggeringly low level of 235,000, the lowest weekly level since 11/24/73. The data has been strong for years and suggests very few layoffs. Additionally, October housing starts were very good! While YTD starts are up 5.9%, all impor
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11/17/2016
The nation's second largest auto lender wrote off an annualized 1.37% of its outstanding auto loans in the third quarter of this year, up from 1.01% in second quarter. Why? Used car prices are falling for the first time since 2008 as the number of cars coming off leases in 2016 is expected to rea
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11/17/2016
President-elect Trump's and Congress' preliminary policy ideas look possibly problematic for housing. On one hand, dismantling Dodd-Frank should loosen lending standards and tax cuts will put more money in our pockets. However, higher interest rates and a shrinking supply of (illegal) workers wil
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11/15/2016
While demographics, regulation, and dominance of bigger businesses may be part of why the economy is growing slowly, another factor is probably the dwindling relevance of startups. Since 1977, the number of firms less than a year old has steadily fallen from 15% to 8%, and the number of persons e
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11/02/2016
