A Third of SKUs Increased in Price in April 2022, 10x Price Increases in April 2021

inbusinessPHX.com

DataWeave, a global leader in retail data, pricing and AI analytics, today released its report Optimizing Online Beauty Sales in a Changing Business Environment . In an analysis of some 200,000 SKUs, the research examines how brands and retailers are adjusting their pricing in an inflationary environment as they work to stay engaged with an increasingly price-sensitive … [More]

Phoenix Among U.S. Migration Hotspots Where Homes Are Still Relatively Affordable

inbusinessPHX.com

As homebuyers relocate at unprecedented levels, home prices in many once-affordable metros have surged and priced out many would-be buyers—a dynamic that’s being exacerbated by rising mortgage rates. But a handful of popular migration destinations, mainly in the South, are still relatively affordable, according to a new report from Redfin, the technology-powered real estate … [More]

Returns on Single-Family Rental Homes Decreasing, Says Report

inbusinessPHX.com

ATTOM, a leading curator of real estate data nationwide for land and property data, today released a new Single-Family Rental Market report showing that profit margins on 3-bedroom single-family home rentals are declining annually in 2022 across most of the United States, and are slightly more likely to decline in areas that already have lower yields. The … [More]

Sellers Rushing to Find Buyers Before Demand Weakens Further, Report Shows

Redfin

Demand for homes is falling, but homes are still selling fast as the buyers who remain rush to beat rapidly rising Homebuyers may finally start to notice signs that the market is shifting toward their favor, as more sellers came to the market during the four weeks ending May 15, according to a new report from Redfin, the technology-powered real estate brokerage. New listings … [More]

The Housing Market Is as Competitive as Ever Despite 53% Rise in Mortgage Costs

inbusinessPHX.com

The housing market is as competitive as ever, according to the latest Zillow® Real Estate Market Report.i Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates. Year-over-year home value growth set a record for the 13th consecutive month in April. The typical U.S. home is worth … [More]

States with the Highest Job Resignation Rates, Arizona Is #3

inbusinessPHX.com

With Americans quitting their jobs at record rates during the so-called “Great Resignation,” WalletHub  released its report on 2022’s States With the Highest Job Resignation Rates, along with accompanying videos and expert commentary. WalletHub ranked the 50 states and the District of Columbia based on how frequently people are leaving their places of employment. Below, you … [More]

Feeling Inflation Pressures? Industry-Specific Small Business Economic Trends Survey Released

NFIB

The NFIB Research Center today released an industry-specific Small Business Economic Trends report highlighting the construction, manufacturing, retail, and services industries. The overall Optimism Index for small businesses in April was 93.2. “The construction and manufacturing industries are especially feeling the impact of inflation pressures,” said Holly Wade, … [More]

Homebuyer Competition Falls for Second-Straight Month, Hitting Lowest Level in Over a Year

Redfin

Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021, according to a new report from Redfin, the technology-powered real estate brokerage. That’s down from a revised rate of 63.4% a month earlier and 67.4% a year earlier, and marks the second-consecutive monthly … [More]

Inflation Moderates in April, Annual 8.3% Remains High

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment. Increases in the indexes for shelter, food, airline fares, and new … [More]

U.S. Mortgage Delinquencies Continue to Fall in February, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for February 2022. For the month of February, 3.2% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.5 percentage-point … [More]

Small Business Expectations for Better Business Conditions at Record 48-Year Low

NFIB

The NFIB Small Business Optimism Index was unchanged in April, remaining at 93.2 and the fourth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the next six months decreased one point to a net negative 50%, the lowest level recorded in the 48-year-old survey. Inflation continues to be a problem for … [More]

April Housing Report: Inventory Readies to Rebound

Realtor.com

In April, the U.S. supply of active listings posted the smallest year-over-year decline (-12.2%) since the end of 2019, led by gains in the share of mid-sized homes New data suggests that the U.S. housing supply is readying to rebound, as active listings posted the smallest year-over-year declines (-12.2%) since December 2019, according to the Realtor.com® … [More]

AAED Releases 2022 State of Arizona Economic Development Survey Results

inbusinessPHX.com

The Arizona Association for Economic Development announced the results of its State of Arizona Economic Development survey at its recent spring conference.  AAED surveyed its membership of more than 500 economic development practitioners and those that provide goods and services from the private sector. Key takeaways from the survey include: Strong economic outlook for … [More]

More Sellers Dropping Their Prices, But Buyers Find Little Relief

inbusinessPHX.com

The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up from 9% a year earlier, and represents the largest annual gain on record in Redfin’s weekly housing data back through 2015 For homebuyers, the typical … [More]

Arizona Celebrates National Small Business Week: Here Are Some Stats

Arizona Commerce Authority

Arizona is celebrating National Small Business Week through May 7, 2022. Arizona is home to 611,097 small businesses, representing 99.5% of Arizona businesses. The 1.1 million small business employees in Arizona represent 42.9% of the state’s employees, according to the most recent U.S. Census Bureau data. Arizona small business employment grew by 44.4% between 1994 and … [More]

U.S. Employers Added 428,000 Jobs in April, Average Hourly Earnings Rose 5.5%

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, in manufacturing, and in transportation and warehousing. This news release presents statistics from two monthly surveys. The … [More]

Open Positions, Labor Quality Continue to Plague Small Businesses, Says Jobs Report

NFIB

Small business owners continue to attempt to fill historically high levels of open positions, according to NFIB’s monthly jobs report. Twenty-three percent of owners said that labor quality was their top business problem, up one point from last month and in second place behind inflation. Eight percent of owners cited labor costs as their top business problem. Reports of labor … [More]

Arizonans Seek Immediate Action by State Legislature on Water Issues

inbusinessPHX.com

A poll conducted by Morning Consult on behalf of the Walton Family Foundation shows 91% of voters in Arizona believe it is important the State Legislature take action this session to address Arizona's water issues – with 70% saying it is very important. Sixty-six percent of Arizonans also report they are more likely to vote for their state legislator in the upcoming midterm … [More]

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