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Housing Market: Builders Forge Ahead As Buyers Enter 'Acceptance Phase' On Rates
Friday, January 17, 2025 - 1:45pm | 485A flurry of new data is in and the housing market is flashing mixed signals from builders, buyers and analysts. Here’s what you need to know. The Data: The Census Bureau and the Department of Housing and Urban Development December housing data released Friday was mixed with housing starts...
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New Home Sales Dip In May As High Mortgage Rates Keep Buyers 'On The Sidelines'
Wednesday, June 26, 2024 - 6:52pm | 501Sales of new single‐family homes declined last month as mortgage rates continued to remain elevated. May sales came in at a seasonally adjusted annual rate of 619,000 homes, according to estimates released jointly on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban...
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Retail Sales Preview: May Numbers Expected To Rise As Consumers 'Feeling More Positive'
Monday, June 17, 2024 - 4:34pm | 490U.S. retail sales for May are forecasted to improve when the U.S. Department of Commerce’s Census Bureau releases its monthly sales data before the start of Tuesday’s trading session. Sales are expected to tick up 0.2% in May from the prior month, as inflation eased in May and the...
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US Cannabis Tax Revenue Dips 10%: California's Surge Cushions The Blow, Mississippi's Unexpected 331% Leap
Tuesday, October 24, 2023 - 10:09am | 472This article was originally published on MG Magazine and appears here with permission. The U.S. Census Bureau’s latest quarterly cannabis excise-tax revenue data from 2023’s second quarter showed a nearly 10 % drop in total collections despite a strong comeback performance from the...
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$5.7B Cannabis Tax Harvest: New Federal Data Reveals States' Windfalls
Monday, October 9, 2023 - 4:34pm | 627In a significant stride, the U.S. Census Bureau unveils its novel experimental data product, casting light on state-level cannabis sales tax collections. Interested in learning more about the cannabis industry? Tune in to the Benzinga Cannabis Capital Conference in Chicago. For existing...
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Census Bureau Delves Into Weed Business Growth, Alabama Cannabis Licensing Saga Continues And Other Reg Updates
Thursday, August 17, 2023 - 1:37pm | 774Alabama Cannabis Licensing Saga Continues Another Alabama medical cannabis business is taking legal action against the state regulator for its faulty cannabis licensing process, reported FoxNews. Alabama Always LLC was not among the businesses the Alabama Medical Cannabis Commission awarded...
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Economists Are Expecting To See Monthly Growth In January's Retail Sales: What Does This Mean For Fed Policy?
Tuesday, February 14, 2023 - 2:16pm | 544The U.S. Census Bureau is slated Wednesday to issue its report on U.S. retail sales for the month of January. Retail sales for December dropped 1.1% since the previous month to $677.1 billion in what became a palpable sign that Fed tightening was weighing on consumers and companies. January's...
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Census Bureau: Child Tax Credit Alleviating Family Hardship
Tuesday, August 17, 2021 - 12:40pm | 426Although the program has only been in place for a month, Americans are already experiencing the benefits of the Child Tax Credit. Part of the American Rescue Plan, the program has alleviated a lot of stress with the distribution of the first round of checks, according to a new survey by the U.S....
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June Food And Retail Sales Rise Less Than 1%: What You Need To Know
Friday, July 16, 2021 - 12:42pm | 326Despite some caution around inflation, headlines on the economy remain optimistic. Monthly sales for retail and food transactions in June were up $621.3 billion or 0.6%, according to recent data released by the U.S. Census Bureau. Total sales for the period between April and June 2021 were up 31.5...
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Intermodal Volumes Prop Up US Rail Traffic
Thursday, August 27, 2020 - 11:22am | 1369U.S. intermodal traffic on a weekly basis gained 5% in the week ending Aug. 22, which in turn helped lift overall rail volumes higher. U.S. freight railroads originated 285,086 intermodal containers and trailers last week, a 5% increase from the same period in 2019, according to the Association of...
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Pastel Paintings And Landmines: 7 Of The Weirdest Top State Exports
Monday, March 5, 2018 - 5:26pm | 772Whiskey’s a top Kentucky export, and lobsters rank first in Maine, but that probably doesn’t come as a surprise. Many of the U.S.’s top state exports only serve to reinforce state-by-state caricatures. It’s fitting that Rhode Island’s 11th-strongest seller is sailboats...
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Women Outpace Men In Economic Advancement, And That's Good News
Monday, June 5, 2017 - 8:32am | 773Women have gradually evolved into an economic force to be reckoned with, going by the results of a survey by the U.S. Census Bureau. In a report titled "The Changing Economics and Demographics of Young Adulthood: 1975–2016," author Jonathan Vespa noted more young men are falling...
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10 Least Innovative States In America
Thursday, March 23, 2017 - 3:47pm | 549In 2016, the U.S. secured a No. 4 ranking on the Global Innovation Index, boasting strength in both technological innovation and research. But not all state constituents could reasonably celebrate. In fact, some served as an anchor or, at the very least, buffer to the success of states with rapid...
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Census Data: U.S. Retail Down 2%, Amazon Up 24%
Thursday, February 16, 2017 - 5:59pm | 273Amazon.com, Inc. (NASDAQ: AMZN) has been saved by the Census. Two weeks after issuing underwhelming fourth-quarter financials, the online retailer was vindicated by both poor reads for traditional retailers and a report by the U.S. Census Bureau, which highlighted Amazon’s favorable market...
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What Retail Sales Say About Interest Rates
Thursday, June 11, 2015 - 4:35pm | 579The U.S. Census Bureau released its monthly retail sales figures this morning. Retail sales were up 1.2 percent month-over-month in May, only slightly higher than consensus expectations of a 1.1 percent increase. Retail sales excluding gasoline and automobiles were up 0.7 percent. As with every...