By Reuters Published Aug 9, 2024 Under Armour posted a surprise first-quarter profit on 8 August on margins boost from selling its sports apparel at full price and lower inventory at a time when consumers get picky with what they spend their dollars on. Under Armour Its shares surged 18% in early trading as the company [...]read moreUnder Armour posts surprise profit on higher margins, leaner inventory
By Reuters Published Aug 6, 2024 Online fashion marketplace Zalando reported an 18.5% rise in its operating profit for the second quarter on Tuesday (6 August), helped by improved inventory and lower order fulfilment costs, as its sports, designer and beauty segments drove growth. Zalando has focused on higher-priced brands and the growing sportswear category, along [...]read moreZalando’s profit boosted by sports offering, improved inventory
The median United States asking rent rose 0.8 percent year over year in May to $1,653, the highest it’s been since October 2022. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. United States [...]read moreNational Rents Hit Highest Level Since 2022 Despite More Inventory
New listings climbed during the past week and there are now 72,000 more single-family homes on the market. It appeared that new listings might be on the decline already, but the pace picked up a tad this week, which is encouraging. More people coming off the sidelines to sell their homes is a healthy signal [...]read moreUnsold inventory is rising across the country
The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage rates above 7%. Also, for the third time this year, I have hit my target of weekly inventory [...]read more2024 inventory growth challenges mortgage rate lockdown
Newly built homes available on the market rose to 480,000, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to U.S. Census Bureau data. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will [...]read moreUS Inventory Rises To Highest Level Since 2022 As New-Home Sales Fall
The median U.S. home sale price reached a record $387,600 in the four weeks ending May 19, marking a 4% year-over-year increase, according to data released Thursday by Redfin. The pricing surge comes despite a marginal dip in weekly average mortgage rates, which fell from a five-month high of 7.22% to 7.02% at the beginning of May, [...]read moreHome prices stay elevated as inventory lags: Redfin
New-home sales cooled in April as the supply of existing homes increased and demand was hampered by high mortgage rates. New-home sales reached a seasonally adjusted annual rate of 634,000 in April, according to data published Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). This figure represents [...]read moreNew-home sales stumble as existing inventory increases
Homes at the higher end of the market — priced at $1 million or more — enjoyed the spoils with inventory and sales rising by double digits from a year ago, according to data released Wednesday by NAR. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your [...]read moreExisting-Home Sales Dip In April — But Rising Inventory Lifts High-End
On March 18, 2020, purchase application data broke out to pre-cycle highs in demand. Home sales hit their highest levels in a decade right before COVID-19 hit our economy. This matters because inventory was already heading toward all-time lows before COVID-19. Going back further, the rules put in place after the great financial crisis have [...]read moreHow housing credit is shaping housing inventory