Black Knight Home Price Index Report: November 2016 Transactions — U.S. Home Prices Up 0.2 Percent for the Month; Up 5.7 Percent Year-Over-Year

  1. – After rising 5.7 percent from the start of 2016, U.S. home prices are now within just 0.3 percent of a new national peak
  2. – For the fifth straight month, New York led all states in monthly home price appreciation, seeing 1.1 percent growth from October 2016
  3. – Though New York City was the best-performing metro area, Florida and Tennessee dominated the rest of the Top 10 list, together accounting for eight of the 10 best-performing metros
  4. – Of the nation’s 40 largest metros, only St. Louis, Mo., saw negative year-to-date home price movement through November 2016
  5. – Home prices hit new peaks in six of the nation’s 20 largest states and eight of the 40 largest metros

JACKSONVILLE, Fla., Jan. 30, 2017 /PRNewswire/ — Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on November 2016 residential real estate transactions. The Black Knight HPI utilizes repeat sales data from the nation’s largest public records data set, as well as its market-leading, loan-level mortgage performance data, to produce one of the most complete and accurate measures of home prices available for both disclosure and non-disclosure states. Non-disclosure states do not include property sales price information as part of their publicly available county recorder data. Black Knight is able to obtain the sales price information for these states by combining and matching records across its unique data assets.

Each month the Black Knight HPI reports five price levels (quintiles), along with REO discount rates, for 18,000+ U.S. ZIP codes. Findings are available with or without seasonal adjustments, although all numbers that follow have not been seasonally adjusted.

For a more in-depth review of this month’s home price trends, including detailed looks at average home prices in the 20 largest states and 40 largest metros, please download the full Black Knight HPI Report at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/HPINow.aspx

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Residential housing sales nearly double in November; sales volume up at $84M

KAPAA — A move to finalize purchases of residential housing in the latter months of the year are among the reasons for an almost doubling of sales on the Garden Isle in November.

“There is a big push historically to close by the end of the year — sometimes for tax purposes,” said Julie Black, principal broker and owner of Kauai Dreams Realty.

The holiday season is another factor for added sales.

“I also find the closer we get to Christmas, the busier it gets,” Black said. “I think that’s from people coming over from the cold winters. They’re already planning to be here. They want to be here for Christmas, but they’re planning to live or buy over here.”

For the month of November, Kauai saw 61 residential sales — a 96 percent increase from the 2015 mark of 31 sales, according to Hawaii Information Service.

While prices are increasing, local buyers are entering the market, said Hannah Sirois, Kauai Board of Realty president.

“In this case, we hope that buyers understand that flexibility can be a friend,” she said. “Elect to look at other regions where supply is available or consider whether a condominium purchase meets the housing need.”

The overall median sales price in November is $598,000, up from $585,000 last year.

“At the end of the year, people are looking where to invest their money, so they don’t have high tax the following year,” said Karen Ono, Kauai Board of Realtors executive officer. “That’s why they invest in property instead.”

The Kawaihau area saw the largest number of residential sales with 22, more than doubling the 2015 mark of 10. Black said the Kawaihau area is popular with residents because of affordability.

“For what you get for your money, a (similar) house here would be more in the North Shore,” she said.

Sales volume in November also trended on the upslope. The Garden Isle saw about $84 million in sales in November, up from $29 million in 2015. The largest bulk of sales occurred in the Hanalei area, which saw sales volume of $48 million.

“We understand and acknowledge that there are parts of the island, such as the North Shore, where there is a distinct lack of both affordable and moderately priced inventory for sale,” Sirois said.

The majority of her customers in November were residents, Black said. “For our company, sales have been for people to buy homes to live in,” she said. “A couple of my sales have been people on the mainland, but have been living here for a while. A few of them are people who live here.”

Though number of residential sales have more than doubled in November, Black said the island’s inventory is low. “Where figures have come up 300 percent in Waimea, it’s still not a huge number because it’s not like we had a 100 sales and it went up 300 sales,” Black said. “If you look at the actual number of units, it hasn’t been a big inventory to begin with.”

Ono added: “Prices will increase because there’s no new stock.” Historically low interest rates are another factor for increased number of sales, Sirois said. “Whereas the typical home loan in 2008 was in the mid 5 percent range, qualified borrowers today find local lenders offering loans in the mid 3 percent range,” she said. “Buyers are recognizing the compound savings.”

November 2016 Sales Report

Thanksgiving Day, Thursday, November 24

Many online retailers advertised and offered discounts several days before & after Thanksgiving. Consumers spent $1.93 billion online in the U.S., an 11.5 percent increase over last year but below Adobe Digital Insight’s $2 billion projection. The company attributed the shortfall to many consumers taking advantage of early promotions by shopping on the day before Thanksgiving as well as deep discounting on Thanksgiving Day.

Black Friday, 25th November

U.S. ecommerce revenue surpassed Adobe Digital’s projected $3.05 billion by almost $300 million for a record $3.34 billion and a substantial 21.6 percent year-over-year growth rate. Most notably, Black Friday 2016 was the first day to generate more than a billion dollars in online sales from mobile devices, according to Adobe. The $1.2 billion spent via mobile devices was an increase of 33 percent from last year.

Although it was a huge day for mobile, desktop purchases represented the majority of U.S. online sales with 64 percent of revenue.

According to First Data, the payment processing firm, electronics and appliances saw the largest increase for Thanksgiving Day and Black Friday, with a 27-percent year-over-year growth rate. The online share of holiday spending on Thanksgiving and Black Friday was 24.7 percent of all sales, an increase of 6.4 percent over 2015.

Within the mobile category, smartphones accounted for 45 percent of page visits and 24 percent of sales on Black Friday, while tablets made up around the same percentage of visits and purchases as Thanksgiving Day, with 10 and 11 percent, respectively.

Cyber Monday, November 28

Adobe Digital Insights reported that Cyber Monday achieved a new record with $3.45 billion spent online, a 12.1 percent increase over 2015. This was the largest online sales day ever in the U.S. and exceeded Adobe’s original prediction.

In contrast to the other two days when mobile traffic reigned, desktops accounting for 53 percent of visits and 69 percent of sales. Search ads drove 38.5 percent of sales on Cyber Monday.

Mobile in Online Purchase

Thanksgiving Day had its best showing ever on mobile, with a record $449 million in U.S. revenue, according to Adobe Digital Insights. Likewise, ChannelAdvisor reported that smartphones accounted for nearly 70 percent of Thanksgiving Day traffic, with tablets contributing another eight percent. ChannelAdvisor said that for the first time, mobile ecommerce orders surpassed desktop orders, with 53 percent of all orders on Thanksgiving Day completed on a mobile device.

It appears, in other words, that most people were quite comfortable shopping from a couch or a dining room table rather than going to stores.

Black Friday became the first day ever to generate over a billion dollars in sales from mobile devices with $1.2 billion, a 33 percent increase over 2015, according to Adobe Digital Insights. Mobile devices accounted for 36 percent of total online sales for the day. Walmart reported that mobile traffic comprised more that 70 percent of its Black Friday shopping.

On Cyber Monday, mobile generated $1.07 billion in sales, representing a 34 increase over 2015, according to Adobe Digital Insights. Forty-seven percent of all website visits came from mobile devices — mostly smartphones — and contributed 31 percent of sales. In the mobile breakdown, smartphones were responsible for 38 percent of visits and 22 percent of purchases while tablets accounted for nine percent of visits and purchases.

Online Promotions

Mobile engagement firm Urban Airship stated that retailers promoted holiday deals earlier and at greater scale than years prior, significantly increasing mobile app messaging two weeks in advance of Thanksgiving. Retailers sent 56 percent more holiday notifications in 2016 than 2015 and this year merchants did a better job of targeting consumers based on location and previous shopping behavior.

In Store Sales

Data from the National Retail Federation shows that many consumers no longer find it necessary or appealing to shop in physical stores. The trade group’s consumer survey found that 108.5 million people shopped Black Friday deals online while 99 million went to stores. Electronics and appliances showed the greatest growth over 2015, growing 26.5 percent year-over-year, both online and in store.

In total, online Thanksgiving weekend and Cyber Monday shopping accounted for $12.8 billion this year. That’s an increase of 15.2% from 2015, when $11 billion was spent over the period.

2016’s November Online Shopping Broke all previous record, that’s why some telling it Black November & some people calling it Cyber November.

$250M On Cyber Monday: Minnesotans Online shopping Spent

Report: Online shopping data spanning from Thanksgiving Day to Cyber Monday shows Minnesota shoppers spent $250 million this year, a roughly 17 percent jump from a year ago. Counting all 50 states, a record-breaking $12.8 billion was spent during the five-day period. That’s over 15 percent more than what Americans spent in 2015.

National Retail Federation’s survey report showing, Average spending per person over Thanksgiving weekend totaled $289.19, down slightly from $299.60* last year. With an average of $214.13 specifically going toward gifts or 74 percent of total purchases.

It was a strong weekend for retailers, but an even better weekend for consumers, who took advantage of some really incredible deals,” NRF President and CEO Matthew Shay said. “In fact, over one third of shoppers said 100% of their purchases were on sale.

The survey, which asked 4,330 consumers about Thanksgiving weekend shopping plans, was conducted November 25 – 26 and has a margin of error of plus or minus 1.5 percentage points.

Approximately $3.45 billion was spent across the country on Cyber Monday, the largest amount in the history of the online sales day.

To drive attention to its sales, Target announced a 15 percent off deal that applied to all in-store and online purchases on Sunday and Monday. The offer led the retailer to its best-ever 2016 Black Friday performance on its website.

From November 1st to the 28th, about $40 billion was spent online, not counting in-store purchases. Data totaling all in-store purchases made in the U.S. during November has not been released, but it is estimated that 154 million consumers spent an average of $289.19 on Black Friday alone — amounting to roughly $44.5 billion. That’s on top of the $15.4 billion that was reportedly spent at independent retailers and restaurants on Small Business Saturday.

Looking ahead to This  December, Tamara Gaffney, principal analyst at Adobe Digital Insights, said retailers will be shifting their sales tactics. “Prices are expected to start climbing,” she said, “as retailers shift attention to extend the season late into December with quick shipping deals and the option to click and collect in store.

Among Minnesota’s top big-box retailers, free shipping and in-store pickup are options that both Target and Best Buy have said they will be using to entice customers until the year’s end.

Full data results will not be published on NRF.com. News media and analysts who require additional information can contact press@nrf.com.

CA) Rises 11.97% for 30 November 2016: Black Diamond Group Limited

30 November 2016 was a positive day for Black Diamond Group Limited, CA as its stock finished the day having gained 11.97% to hit a price of $3.46 a share. The company reached a market cap of 160.87 million and has 46.5 million shares outstanding. Black Diamond Group Limited is a component of the the S&P/TSX SmallCap Index.

540,346 shares changed hands over the course of the day as compared to an average volume of 224,432 over The Month Of November 2016 for Black Diamond Group Limited.

Black Diamond Group Limited has hit a high of $7.39 and reached a low of $2.97 over its last year of trading. The stock’s 50-day SMA is now $4.10 and 200-day SMA is $4.50. As for its price valuations, the P/E ratio is at 0 and P/B is now 0.46.

The stock of the Black Diamond Group Limited is trading at very attracting levels and offers a potential return on investment over 100% in next two to three years investment.

Black Diamond Group Ltd provides workforce accommodation, modular buildings, energy services and full turnkey lodging and project solutions including planning and management, logistics and catering to customers in Canada, US and Australia.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO Trevor Haynes.

Black Diamond Group Limited (BDI.TO) currently has a 14-day Commodity Channel Index (CCI) of 62.85. Dedicated investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend, Reported By http://wsconfidential.com/

The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

Black Diamond Group Limited is a Canadian company, which rents and sells modular workforce accommodation and space rental solutions to clients in Canada, the USA and Australia. The company has a market cap of $133.20 million.

The Firm offers lodging and other support services related to remote workforce accommodation and space rentals. It currently has negative earnings. It operates through the divisions, including Structures, Logistics, Energy Services and International.

To know more about Black Diamond Group Limited, please visit www.blackdiamondgroup.com or see stock chart on Yahoo Finance.

November Auto Sales: Black Friday & Cyber Monday Bounce

After months of downward swings in sales, the U.S. auto industry finally got a breather in November. Between Black Friday incentives, the 2016 election being resolved and the month of November boasting two more selling days in 2016 than it did in 2015, things are looking up.

The reversal was not dramatic, but it’s a good sign that the summer/fall slump was only temporary.


Phil LeBeau, reports on a “good, but not great” weekend for autos, and November auto sales expectations.

GM and Ford both posted great numbers in November. Only Buick remains up YTD for the General, but not a single brand failed to post a double-digit improvement last month.

FCA, on the other hand, took a bit of a beating. Ram bucked the trend, posting another good month, but the others struggled.

Across the industry, numbers were generally good. Mazda continues to be stagnant, slipping slightly compared to 2015. Volkswagen had a solid month, keeping well ahead of the numbers that marked the beginning of its inventory struggles a yea ago.

In the luxury space, Mercedes-Benz finished just ahead of Lexus with BMW trailing by a few thousand. Barring a December holiday miracle, we expect that’s where they’ll finish for the year.

Auto sales drive to record high in November 2016. November 2016 was quite an eventful month for the U.S. & Indian automotive sector.

All-Time November auto sales record in 2016

Strong Black Friday sales and two extra selling days last month propelled most of the US auto industry to stronger sales in November 2016, with Ford reporting light vehicle sales up 5.1 per cent and General Motors up 10 per cent. Toyota reported sales up 4.3 per cent and Nissan up 7.5 per cent.

Auto industry analysts said the industry remains on course to finish the year at or near a peak since the recession, with most analysts predicting 2016 sales will hover around last year’s 17.5m and then begin to slip next year or the year after. SUV sales growth continued to outpace cars, with Ford reporting Ford-branded SUV sales up 20 per cent and car sales down nearly 10 per cent.

We expect record unit sales in November, up 4 per cent year on year to 1.37m, but some of it has to do with the fact that there were two more selling days,” says Michelle Krebs of Autotrader.com. She forecasts the seasonally adjusted annual rate at 17.7m for November, down from 18.1m a year ago. “We still believe that this year is too close to call, we’ve always said it will be neck and neck with 2015, could be up 1 per cent or down 1 per cent,” she said, noting the best dealer sales will happen this month. “Will that be enough to surpass 2015, we don’t know”.

The news comes at a time of uncertainty over the prospects of the US car industry under a Trump presidency. The US president-elect’s policies could boost demand for vehicles with stimulative tax policies and higher infrastructure spending, but could also pressure costs if they interfere with decisions about whether to locate production in cheaper overseas countries like Mexico.

GM’s estimate of the rate of 2016 sales to date, on a seasonally adjusted basis, was 17.5m, equal to 2015′s year end total.

Mark Wakefield, global co-head of the automotive practice for AlixPartners, says he doesn’t expect the US market to continue on its previous growth path, even if some of the new Trump administration’s policies prove to be stimulative. “Government policies may move the market on the margins, but it still tends to follow the same 100 year-old up and down trend that is driven by economics, so we still expect this year to be a peak year, next year a slight drop with a more meaningful drop in the following two years”.

Fiat Chrysler bucked the trend by announcing sales down 14 per cent for November year on year. However, analysts noted that the company has revised its sales history in recent months making year-ago comparisons deceptive.

U.S. auto sales are expected to have rebounded in November for a record-setting month, following three-consecutive months of year-over-year. Forecasters expected November to be a brighter month thanks to buoyant incentives, a lack of post-election economic turmoil, and a lengthier.

Hefty discounts during Black Friday weekend helped boost November U.S. auto sales, which could set a new record high in 2015.