The Quikrete Industry Dashboard

Major metric changes in the latest Quikrete Industry Dashboard include the most recent Consumer Confidence Index Board.

The Conference Board reported this week that Consumer Confidence Index declined again in September to 103.0 (1985=100), down from an upwardly revised 108.7 in August. 

While the Present Situation Index rose slightly to 147.1 from 146.7, the Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—declined to 73.7 (1985=100) in September, after falling to 83.3 in August. 

At the gas pumps, AAA reports that the national average price for a gallon of regular gasoline ticked up a penny from where it was a month ago to $3.83. On a month-over-month basis, the national average for diesel prices increased by 15 cents to $4.56 per gallon.

On the housing front, high mortgage rates continue to impact sales. 

According to the latest Monthly New Residential Sales report, released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, new home sales fell 8.7% to a seasonally adjusted annual rate of 675,000. The July rate for new home sales was revised to 739,000. 

Additionally, the National Association of Realtors reported that the Pending Home Sales Index fell 7.1% in August.

Companies on the HBSDealer Stock Watch saw declines on a month-over-month basis with Beacon being the lone exception.