The typical U.S. home price hit $287,148 in May 2021, a 13.21% increase from May 2020, according to a new report from Zillow. That’s a record rise since the company started collecting the housing price data in 1996.
More consumers are shopping in malls, dining indoors, visiting leisure and entertainment venues and even watching movies indoors, according to ICSC’s latest Coronavirus Consumer Survey of 1,004 U.S. respondents conducted June 11-13.
REITs rose last week with a 2.5% total return on the FTSE Nareit All Equity REITs Index, the fourth consecutive weekly gain. REITs outperformed the 0.6% return on the Russell 1000, and indeed have outperformed the broader equity markets for the past five weeks.
Retail sales remained at elevated levels in May 2021, despite month-to-month fluctuations. According to the National Retail Federation, retail sales – excluding automobile dealers, gasoline stations and restaurants – fell 1.2% in May from April, but were up 17.3% unadjusted year-over-year.
Every month, the U.S. Department of Commerce, Census Bureau, releases its first calculation of the previous month’s retail sales. At Retail Dive, we report these figures by grouping the key segments that define the “retail” in a way that we hope is most meaningful to the industry.
U.S. online retail sales will reach $865 billion in 2021, with nearly two-thirds of Amazon Prime Day shoppers surveyed saying they intend to spend more during this year’s event than they did in 2020, according to FTI Consulting in its 2021 U.S. Online Retail Forecast.
The Kroger Co.’s first quarter earnings show that the company’s fresh and digital value proposition are positioning the company for long-term sustainable growth. The company raised its full-year forecast on June 17, citing continued post-pandemic sales momentum.