ISM Non-Manufacturing Index

The ISM Non-Manufacturing Index helps determine the overall economic strength of the services sector.  Components evaluated are employment, business activity, new orders, and supplier deliveries; which are then compiled into an index.  The nonmanufacturing sector represents a much larger share of the overall U.S. economy when compared to the manufacturing sector, making up approximately 80%; the sector’s economic weight makes …

Home Spreads are Normalizing

It has been 6 years since the end of the Great Recession. During which, the economy has slowly recovered. In 2008 and 2009, houses were being sold out of necessity. We saw huge spreads between asking price and sales price. As the economy recovered, frictional costs lowered, and transactions came about for different reasons, the data shows the spread decreasing …