New orders up 2% in January 2018 according to our latest Furniture Insights. With April Market on the horizon, overall consumer confidence remains quite favorable and indicates further strong growth in the months ahead. Higher consumer confidence may not have a direct correlation on higher consumer spending, however, especially given recent volatility in the stock market.
At the 2018 NAIOP NC Annual Conference, Smith Leonard Assurance and Advisory Partner James Mitchell was recognized as the 2018 Member of the Year for the Piedmont Triad.
“What goes up, must come down.” That familiar refrain echoes in the back of economists’ mind every time the Dow soars to new record-breaking heights, a quasi-regular occurrence last year. After more than 70 record closes in 2017, the markets fell in early February and major indices posted their worst weekly declines in more than two years. REITs declined in tandem, with the FTSE Nareit All Equity REITs Index hitting its lowest level in 14 months.