Housing retail sales inch down

The most critical time in retail sales is the holiday shopping season. It accounts for almost 20 percent of annual sales for many retailers. For jewelers, it accounts for 70 percent of yearly sales. The holiday shopping season officially begins on Black Friday, the day after Thanksgiving.

Retail sales up 5% on annual basis, doesn't seem like a slowdown: Expert Housing is a huge chunk of the U.S. economy. Look to Kiplinger’s Economic Outlooks for forecasts on existing home sales, new home sales and housing starts.

Retail sales are used to predict consumer spending trends. That’s because the report comes out monthly. U.S. economic growth, as measured by gross domestic product, is reported quarterly. Therefore, the retail sales report is a more current measurement of economic health. You can use it to predict GDP before that news comes out.

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 · Housing prices have recovered nicely from the bubble that was such a key factor in the last recession, but the speed of that recovery could be slowing down soon. Zillow and research firm.

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 · Excluding autos, retail sales edged down 0.1 percent. Published on 2016-09-15 US Retail Sales Unchanged in July Retail sales in the United States were flat in July from June 2016 compared to an upwardly revised 0.8 percent gain in the previous period while missing market expectations of 0.4 percent rise.

Consumers drive the economy. Kiplinger’s Economic Outlook on retail sales and consumer spending forecasts what they’ll be buying next.

But if sales in the sector continues at the same pace, the overall multifamily sales volume for the year will be down 15%.

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From rural strip-malls to Manhattan’s avenues, it has been a disastrous two years for retail. A deep recession might explain an extinction-level event for large retailers. But GDP has been.