Business Edge
Home Price Appreciation Picks Up
Real Estate Spotlight Source: Economics Group of Wells Fargo Bank, N.A.Summary Home prices are once again on the rise. The Case-Shiller national home price index
January Employment Preview: Modest Lift to Hiring, Trend Still Soft
Source: Economics Group of Wells Fargo Bank, N.A.Summary READ FULL ARTICLE
Trade Reversal Leads to Sharp Widening in November Trade Balance
Source: Economics Group of Wells Fargo Bank, N.A.Summary The U.S. trade deficit widened by nearly $30 billion in November, reversing the prior two months of
The 2026 Economic Outlook with Michael Feuz
What middle-market business leaders and dealmakers can expect from the year ahead Michael Feuz, economist with ITR Economics, is back to share what middle-market business
ISM Manufacturing Rises to Highest Since 2022
Source: Economics Group of Wells Fargo Bank, N.A. Summary The 4.7 point jump in the ISM manufacturing index is consistent with our call for a
Labor Market Jitters Are Shaking Consumer Confidence
Source: Economics Group of Wells Fargo Bank, N.A.Summary The share of consumers saying jobs are “hard to get” rose to a post-pandemic high. That took
U.S. Population Growth Slowed in 2025
Reduced Immigration Weighed on Population Growth Across the Nation Source: Economics Group of Wells Fargo Bank, N.A. Summary U.S. population growth softened in 2025, dipping
U.S. Economic Outlook: January 2026
Source: Economics Group of Wells Fargo Bank, N.A. Powell’s Final Act READ FULL ARTICLE
Home Builder Sentiment Retreats to Start 2026
Real Estate Spotlight Source: Economics Group of Wells Fargo Bank, N.A.Summary Home builder sentiment remains fairly downbeat despite the recent easing in mortgage rates. The
Household Spending Resilient, Income Is the Rub—For Now
Source: Economics Group of Wells Fargo Bank, N.A.Summary Consumer spending remains resilient according to the shutdown-delayed data for October and November. Today’s data suggest real
Industrial Production Growth Powered Mostly by Tech in 2025
Source: Economics Group of Wells Fargo Bank, N.A.Summary Overall industrial production finished 2025 up 2.0% for the year with select high-tech components up more than
Construction Spending Trended Sideways in September and October
Activity Muted as Elevated Interest Rates Limit Most Segments Source: Economics Group of Wells Fargo Bank, N.A. SummaryConstruction spending declined modestly in September and then
The Government Probably Took too Much of your Paycheck this Year — Here’s How to Get it Back
By Gene Marks – Originally appeared in The Guardian It’s not just people who received tips and overtime that have new tax benefits. US taxpayers
November Retail Strength: Control Group Signals Firm Underlying Demand
Source: Economics Group of Wells Fargo Bank, N.A.Summary November retail sales rose 0.6%, and despite some downward revisions to prior data, we see consumer spending
December CPI Preview: Payback Pending
Source: Economics Group of Wells Fargo Bank, N.A.Summary Data collection issues stemming from the longest-ever government shutdown led to a surprisingly soft November CPI report.
December Jobs Report: Deteriorating Trend Continues
Source: Economics Group of Wells Fargo Bank, N.A.Summary The final employment report for 2025 was a relatively quiet affair. Nonfarm payroll growth registered 50K in
Small Business Optimism Ended 2025 on a Positive Note
Brighter Outlooks and Reduced Uncertainty Bolster Small Business Confidence Source: Economics Group of Wells Fargo Bank, N.A. Summary The NFIB small business optimism index rose
December CPI: No Coal in the Stocking
Source: Economics Group of Wells Fargo Bank, N.A. Summary The CPI report covering the final month of 2025 generally was encouraging. Core CPI in December
ISM Services: Resilient Expansion with Somewhat Overstated Strength
Source: Economics Group of Wells Fargo Bank, N.A.Summary The December ISM Services report shows steady but perhaps overstated strength, with modest underlying demand and hiring,
Trade Balance Improves, But Q4 Growth Impact is Limited
November JOLTS: Still a Tough Market Out There Source: Economics Group of Wells Fargo Bank, N.A.Summary Job openings slipped to 7.1 million in November, reinforcing
Stronger Productivity Trend Becoming More Evident
Source: Economics Group of Wells Fargo Bank, N.A.Summary As presaged by the better-than-expected GDP report, nonfarm labor productivity expanded at a robust 4.9% annualized pace
Why Rising Unemployment Is Not Yet Cause for Concern
Source: ITR Economics Part of Crowe Rising unemployment in the US remains below concern thresholds, with economic growth and industrial production trends indicating stability for
2025 in Review: An Overview of the Equipment Rental IndustryWhen thinking about last year in rental, it might help to put it on the backdrop of how we got here in the first place.
By Jonathan Kozlowski – From ARA as seen in For ConstructionPROS.com As reported in the latest from the American Rental Association (ARA), the equipment rental industry
Labor Market Still Struggling to Maintain Traction
Source: Economics Group of Wells Fargo Bank, N.A.Summary Today’s unusual double employment report showed that the U.S. labor market remains in a precarious position. October
A Decent Core Retail Sales Report, but Momentum Poised to SlipHigh-Frequency Data Suggest a Soft Finish to 2025
Source: Economics Group of Wells Fargo Bank, N.A.Summary Underlying details of the October retail sales report are in-line with our Holiday Sales forecast and slightly
Sandhills Market Reports for Construction & Farm EquipmentAfter-Sale Data through November 2025
U.S. Used Heavy-Duty Construction Equipment See all the reports:Sandhills Mounted Boom Truck Crane Reporting – November 2025.pdfSandhills Forklift Reporting – November 2025.pdfSandhills Telehandler Reporting –
November CPI: Take It with the Entire Salt Shaker
Source: Economics Group of Wells Fargo Bank, N.A. Summary The November CPI report creates more questions than answers about the recent pace of price growth.
JOLTS: A Mixed Bag
Source: Economics Group of Wells Fargo Bank, N.A.Summary The JOLTS data for September and October were a mixed bag. On the positive side, openings jumped
Q3 ECI: Cooling Compensation Growth a Sign of Jobs Market Softening
Source: Economics Group of Wells Fargo Bank, N.A.Summary This morning’s Employment Cost Index (ECI) reading offered additional evidence that the gradual softening in the labor
Small Business Optimism Ticks Higher in November
Stronger Sales Expectations Boost Sentiment Despite Cost Pressures Source: Economics Group of Wells Fargo Bank, N.A.Summary The NFIB Small Business Optimism Index surprised to the