{"id":1004107757,"date":"2014-11-19T07:18:24","date_gmt":"2014-11-19T15:18:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004107757"},"modified":"2022-12-08T01:16:42","modified_gmt":"2022-12-08T09:16:42","slug":"economy-watch-builder-optimism-e-commerce","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-builder-optimism-e-commerce\/","title":{"rendered":"Economy Watch: Builder Optimism, E-Commerce"},"content":{"rendered":"<p><em>By Dees Stribling, Contributing Editor<\/em><\/p>\n<p>Builder confidence in the market for newly built single-family homes rose four points to 58 on the National Association of Home Builders\/Wells Fargo Housing Market Index, which was released on Tuesday. Any number over 50 indicates that more builders view conditions as good than poor.<\/p>\n<p>More specifically, the index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as \u201cgood,\u201d \u201cfair\u201d or \u201cpoor.\u201d The survey also asks builders to rate traffic of prospective buyers as \u201chigh to very high,\u201d \u201caverage\u201d or \u201clow to very low.\u201d All three index components increased in November, with the index gauging current sales conditions up five points to 62; the index measuring expectations for future sales up two points to 66; and the index gauging traffic of prospective buyers increasing four points to 45.<\/p>\n<p>\u201cLow interest rates, affordable home prices and solid job creation are contributing to a steady housing recovery,\u201d NAHB chief economist David Crowe noted in a statement. \u201cAfter a slow start to the year, the [index] has remained above the 50-point benchmark for five consecutive months, and we expect the momentum to continue into 2015.\u201d<\/p>\n<p><strong>E-Commerce Continues to Grow\u00a0<\/strong><\/p>\n<p>The Census Bureau reported on Tuesday that e-commerce sales during the third quarter of 2014 totaled $78.1 billion, an increase of 4 percent compared with the second quarter. Total retail sales for the quarter came in at $1.185 trillion, an increase of 0.9 percent quarter over quarter.<\/p>\n<p>E-commerce sales during the third quarter of 2014 were also up 16.2 percent compared with the same quarter in 2013. Total retail sales, on the other hand, gained 4.2 percent year over year.<\/p>\n<p>As a percentage of total retail sales, e-commerce sales have been steadily increasing over the last decade, according to the bureau. During the first quarter of 2005, e-sales were a little less than 2.4 percent of the total. By the third quarter of 2014, e-sales were about 6.5 percent of all retail sales.<\/p>\n<p>Another day, another record high for Wall Street, with the Dow Jones Industrial Average gaining 40.07 points, or 0.23 percent. The S&amp;P 500 advanced 0.51 percent and the Nasdaq was up 0.67 percent.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Builder confidence in the market for newly built single-family homes rose four points to 58 on the National Association of Home Builders\/Wells Fargo Housing Market Index. E-commerce sales during the third quarter of 2014 totaled $78.1 billion, an increase of 4 percent compared with the second quarter.<\/p>\n","protected":false},"author":1023,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004107757","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Builder Optimism, E-Commerce - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-builder-optimism-e-commerce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Builder Optimism, E-Commerce\" \/>\n<meta property=\"og:description\" content=\"Builder confidence in the market for newly built single-family homes rose four points to 58 on the National Association of Home Builders\/Wells Fargo Housing Market Index. E-commerce sales during the third quarter of 2014 totaled $78.1 billion, an increase of 4 percent compared with the second quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-builder-optimism-e-commerce\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-19T15:18:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T09:16:42+00:00\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-builder-optimism-e-commerce\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-builder-optimism-e-commerce\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Builder Optimism, E-Commerce\",\"datePublished\":\"2014-11-19T15:18:24+00:00\",\"dateModified\":\"2022-12-08T09:16:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-builder-optimism-e-commerce\\\/\"},\"wordCount\":351,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-builder-optimism-e-commerce\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-builder-optimism-e-commerce\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-builder-optimism-e-commerce\\\/\",\"name\":\"Economy Watch: Builder Optimism, E-Commerce - 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