Articles Tagged with ''consumer trends''

Our new American Express survey of 1,100 U.S. small business leaders shows that small businesses are seeking consolidated cash flow management tools to foster greater efficiency, profitability, and business growth.

In recognition of New Homes Month in April, it is important to highlight that taxpayers are taking advantage of new home energy-efficiency related tax credits. A recent Internal Revenue Service data analysis by the National Association of Home Builders (NAHB) indicates that more than 800,000 taxpayers claimed a new home-related energy-efficiency tax incentive.  

According to Houzz, nearly three in five homeowners remodeled or decorated in 2022 and nearly half made repairs.

Following a brief uptick in new home sizes in 2021, the average size of a new home dropped slightly from 2,525 square feet to 2,480 square feet in 2022, and the percentage of new homes with 3+ full bathrooms and 3+ car garages dipped to 33% and 17%, respectively. 

"Shop Your Lifestyle. Shop Your Way." is a modern take on how consumers shop, boasting simple product selection, a convenient shopping experience, and solutions for the whole home.

It is possible to sidestep a recession, but when the economy slows it becomes very fragile and the risk rises significantly, said National Retail Federation Chief Economist Jack Kleinhenz.

Inflation accounts for some of the increase this year, with people paying more to buy less.

The company reports that the market has been struggling with overcapacity for several years, caused by a shift in consumer preference towards alternative flooring types such as laminate, LVT and vinyl.

Once live, the site plans to offer a wide variety of materials and options for custom rugs at an accessible price range, manufactured on demand, as well as bespoke delivery in certain key markets.

This shift was first caused by the initial impact of [COVID-19] on housing demand, which favored lower density neighborhoods. The shift continued in recent months due to housing affordability conditions that are causing both prospective renters and buyers to expand their geographic search for housing,