housing market

Retail Sales Up in August

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Retail sales were once again up in August, continuing their upward trend we’ve seen during the past summer months. Sales increased by 0.1 percent last month – a small improvement, but a good sign still. Year-over-year, this makes for a 3.9 percent increase.

The retail industry, much like the housing market, can be a huge indicator for how well the economy is recovering. In this case, as the retail industry continues to make improvements, albeit small, it suggests that more people are comfortable with their finances, and spending a little extra money on retail.

It’s no secret that in times of financial crisis, shopping is put on the back burner and reserved for special occasions. But whether it’s on a car, a new pair of jeans, or a flat screen TV for your living room, when consumers start spending more money, it’s clear there is a healthier cash flow in our economy.

In Northern Virginia, consumers are going to look to one place for their shopping needs: One Loudoun, of course! One Loudoun is the most convenient shopping scene in the state and will soon be buzzing with tons of new and trendy shops. Residents and visitors alike will love spending their days shopping and walking around this new hotspot. The Alamo Drafthouse, the newly built homes, and the up-and-coming restaurants already draw so many consumers to the community, and by adding more shops and diversity to our streets, the draw will only grow bigger.

For future retailers, this means that One Loudoun is the best place to open or relocate your store. As more people move into One Loudoun and the economy improves, there will be more customers who want to shop, walk around, and explore the new downtown. And you can bet they’ll visit your store too.

Residents of One Loudoun will be happy to walk to their favorite stores every day, and you’ll be happy to see your customer base growing. Moving into our community is an opportunity of a lifetime and will help solidify your shop as a One Loudoun staple! With how well the economy and retail sector are improving, you wouldn’t want to miss out on this incredible shot at success.

Source: The National Retail Federation

255 Metropolitan Areas Hold Steady on Improving Markets Index

This month the National Association of Home Builders/First American Improving Markets Index (IMI) was released and the Washington, D.C. metro area is holding steady on the list of 255. This continued progress proves that the Northern Virginia and DC markets remain in high demand, evident in the sales and interest of prospective homeowners in Loudoun County and especially One Loudoun.

“Despite slight ups and downs in recent IMI levels, an overwhelming majority of U.S. metros—including those located in almost every state—remain solidly on the path to recovery even as the pace of their improvements is slowed by ongoing challenges related to the availability of credit, labor, lots and certain building materials,” said David Crowe, chief economist of NAHB. “Based on recent trends in home prices, housing permits and employment, the outlook for a continued housing expansion remains very positive for the remainder of 2013.”

The IMI tracks monthly housing market progress throughout the country and especially those that show signs of improving economic health. While last month’s index included 263 metros, progress is still holding steady with more than triple the number of metros listed a year ago in July of 2012.

“This is the sixth straight month in which at least 70% of all U.S. metros have qualified for the Improving Markets Index,” said NAHB Chairman Rick Judson. “The relative stability of the IMI is representative of the broad recovery underway, which is much more extensive than what we were looking at one year ago.”

Source: National Association of Home Builders