Numerically Speaking — July 2017
July stats and numbers from the PHCP-PVF industry. Check back every month to see a brand new set of stats!
Numerically Speaking — July 2017
BlueTarp Financial, a credit-management company for B2B suppliers, recently released its Q1 2017 Building Supply Index. The Q1 index value is at 117.90, a material improvement from 107.74 in Q1 2016. To interpret the index, values below 100 reflect recessionary or recovering performance. Values about 100 reflect healthy economic activity. The index also calculates a trailing 12-month average to account for seasonality. March 2017 saw an all-time high of 121.28, indicating the outlook of the economy remains on an upward trend.
Numerically Speaking — July 2017
More from BlueTarp: March’s consumer confidence skyrocketed to 125.6, the highest it’s been since December 2001. BlueTarp also conducts a quarterly survey of its contractors to gauge sentiment on the current and future state of the economy. Q1 2017 contractor optimism for the next 12 months stabilized after seeing a spike in Q4 last year.
Numerically Speaking — July 2017
According to a study by the University of Tennessee, uncollected sales and use tax from all remote sales in 2015 was estimated to be $26 billion annually.
Numerically Speaking — July 2017
According to the Environmental Protection Agency, Congressional Budget Office and the U.S. Government Accountability Office, the projected shortfall in clean-water infrastructure investment will approach $500 billion over the next two decades.
Numerically Speaking — July 2017
From ASA’s “Labor Study on the Future of our Workforce,” by the year 2025 nearly 50,000 employees in plumbing and PVF distribution will have retired, calling for a critical need to hire and train qualified replacements.
Numerically Speaking — July 2017
From HARDI Senior Economist Connor Lokar in the association’s monthly TRENDS report, the U.S. Remodeling Market Index reached 58.3 in the first quarter, up 7% from Q1 2016 and the highest mark since mid-2015.
Numerically Speaking — July 2017
From the American Supply Association’s materials for its recent Washington Legislative Fly-In, over a decade, 152,000 to 286,000 private-sector jobs may be lost as a result of the Health Insurance Tax, 57% of which will come from small businesses. The tax is levied on participants in the fully-insured market, where 87% of small businesses purchase their own health insurance.