Hey Friends,
Just 4 fun facts to share with you today and my weekly quote to ponder. Have a great weekend!
Blessings,
Andrew
Fun Fact 1:
Americans are expected to spend $449 billion this year on home renovations & repairs, down from a record $481 billion spent in 2023. That would be the first annual decline in spending since 2009.
Source: Joint Center for Housing Studies
Fun Fact 2:
Home Depot revenues fell 2% over the last year, the 5th straight quarter of negative YoY growth. That’s the longest stretch of negative revenue growth since 2009-10.
Source: Charlie Bilello
Fun Fact 3:
The interest rate on new federal student loans is expected to rise to 6.5% in July, up from 5.5% currently and the highest level we’ve seen since 2008.
Source: Department of Education (2015-2023); Wall Street Journal estimate (2024)
Fun Fact 4:
The total Fertility Rate in the US moved down to 1.62 births per woman in 2023, an all-time low.
Source: Centers for Disease Control and Prevention
Quote I’m pondering:
“I don’t focus on what I’m up against. I focus on my goals and I try to ignore the rest.” —Venus Williams
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