Quikrete Industry Dashboard
A steady-as-she-goes sales update for NAICS 444 retailers and dealers.
Building materials and garden supply stores (NAICS 444) were down 1.2% year-over-year in November but unchanged month-over-month seasonally adjusted, according to U.S. Census Bureau data released Friday.
For October, the last month for which both NAICS 444 and 44413 (hardware stores) retailers are tracked, the industry showed a sales spurt, on an unadjusted month-to-month basis. NAICS 444 sales of $33.3 billion in October were nearly 9% higher than the prior month. The hardware store subset was up nearly 10% to $2.4 billion in October.
In the bigger business picture, retail sales in November increased 0.1% seasonally adjusted over October and were up 2.1% unadjusted year-over-year, marking the first half of the holiday season with billions of dollars in shopping left to be done, the National Retail Federation said. The numbers exclude automobile dealers, gasoline stations and restaurants.
“November showed modest growth on the surface, but you have to remember that the late timing of Thanksgiving delayed the beginning of the busiest portion of the holiday season and pushed Cyber Monday’s billions of dollars of retail sales into December,” NRF Chief Economist Jack Kleinhenz said. “These numbers are more about the calendar than consumer confidence. Consumer spending has been solid, and there’s still a lot of spending to be done. With strong employment and higher wages, we’re on track for a strong holiday season.”
Elsewhere on the Quikrete Industry dashboard, BLDR and BMC continue to dominate the Stock Roundup, up 123% and 86%, respectively, compared to a year ago.
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