Total construction starts fell 5% in June to a seasonally adjusted annual rate of $932.3 billion, according to Dodge Construction Network. Nonresidential building starts lost 14% during the month and residential was 6% lower. On the contrary, nonbuilding starts gained 13% in June due to the start of several large solar projects. Year-to-date, total construction was 5% higher in the first six months of 2022 compared to the same period of 2021. Nonresidential building starts rose 13% and residential starts gained 3%, while nonbuilding starts were 2% lower.
The top 10 quick-service restaurant apps in the U.S. were downloaded 10.4 million times in June, 3.7 percent less than those the month prior. Year-over-year in the month of June, downloads of the top 36 quick-service apps are up 35 percent. A download represents a new user and the first conversion on the mobile app customer’s journey.
Our Quarterly Index Reports analyze the Q2 2022 performance of five key retail sectors – grocery, QSR, fitness, superstores, and dollar stores – from a location data perspective. The reports provide insights into the Q2 2022 performance of each category by diving into foot traffic patterns of each sector as a whole and evaluating visit metrics for leading brands. Below is a taste of the findings.
Despite some airports capping airline capacity without consultation in the last week - and the sad, if inevitable, decision of one UK airport to begin the closing process - it has been another week of capacity reaching above 102 million seats, and we should probably enjoy that heat whilst we can. Unsurprisingly, it is only the larger airports that are capping airline capacity for the peak holiday season, this inevitably means we will see capacity fall in the coming weeks in some key locations.
Amazon’s Prime program has vastly expanded its features over the years – adding streaming media, discounts at Whole Foods, and a recently announced free year of Grubhub+/Seamless+. Will tying in with other loyalty programs provide a boost to subscriptions? In today’s Insight Flash, we examine cross-shopper behavior to assess the desirability of the partnership, as well as looking at retention for Grubhub+ and whether new Prime subscribers have been slowing.
Discord just surpassed 500M lifetime downloads and $100M in-app purchase (IAP) revenue. Originally started in 2015 as a VoIP and instant messaging social platform for the gaming community, today it serves a wide spectrum of interest groups, connecting them in "servers" to chat via text, video, or audio. The average session time per daily active user (DAU) on Discord is twice as long as that of streaming platform Twitch, and more than double that of Facebook Gaming, Facebook, TikTok, Reddit, and Snap.
Household composition refers to the group of individuals who live together in a household, and how they relate to one another. Historically, changes in household composition have been fairly gradual and reflect cultural and economic shifts that unfold over generations. But the household shifts that resulted from the COVID-19 pandemic were rapid, and have had a dramatic effect on housing affordability.
Prime Day usually takes place in June or July, and gives Amazon and other retailers a chance to entice shoppers with the promise of steep discounts for Back to School and other items in a period traditionally devoid of major sales events. The context for Prime Day 2022, however, was the significant inventory surplus that led many retailers to offer massive discounts before Prime Day even rolled around.
Spotify is the most installed entertainment app through the first half of 2022. We've also posted the overall download leaders for H1 2022. Spotify was #9 globally but did not break into the U.S. list. Even with Netflix's struggles, it's consistently being downloaded more than its competition, just not in its home market of the United States. If we had included TikTok in the Entertainment category (which may happen moving forward), it would have led all apps both globally and in the United States.
This year, Ramadan ran from April 2 to May 1, 2022. This period of time is often associated with large shopping sales in many markets. We took a look at the latest mobile trends during Ramadan 2022. Similar to other religious holidays, Ramadan is also an important month for retailers. Many sales accompany the festivities. Mobile shopping took on an even more important role amidst COVID-induced lockdowns and social-distancing measures.
With the midterm elections fast approaching and the balance of power in Washington teetering on the edge, Democrats and Republicans are doing everything in their power to get in voters’ good graces. One of the ways they’re doing that is by investing in ads. We looked at our data through April of this year to understand how both parties are spending their ad dollars leading up to one of the most pivotal elections in the history of the United States.
With Johnson’s resignation and new leadership on the horizon, the overall state of the UK economy is becoming more important to monitor. In today’s Insight Flash, we review the tools available in CE Transact UK for understanding overall UK spend, for looking at spend by country, and to understand which industries are driving the total growth. UK consumer spend on debit and credit cards has been growing at about 10% above pre-pandemic levels (on a three-year basis) since calendar Q2 2021.
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its Midyear 2022 U.S. Foreclosure Market Report, which shows there were a total of 164,581 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2022. That figure is up 153 percent from the same time period a year ago but down just one percent from the same time period two years ago.
In the wake of an earnings miss in its most recent fiscal quarter, Bed Bath & Beyond Inc (NASDAQ: BBBY) recently announced leadership changes and is reportedly considering a sale of its Buybuy Baby subsidiary. Consumer transaction data reveals that for BBBY’s namesake retail chain Bed Bath & Beyond, sales in June 2022 were about half of what they were three years ago. In addition, an analysis of sales by purchase channel found that in-store shopping continues to dominate Bed Bath & Beyond’s sales, but ecommerce customers have a higher average monthly spend at the home goods retailer.
Our latest white paper dives into the biggest retail, dining, and fitness trends of the first half (H1) of 2022. The data indicates that while H1 2022 took brick-and-mortar businesses – and the economy as a whole – on a wild ride, the extent of the challenges may be overblown. And while some categories will bear more of the brunt of the current economic downturn than others, the situation is also creating opportunities for brands who can cater to customers’ current value orientation.
Meesho and Shopee are the two most downloaded shopping apps in the world at the halfway mark in 2022. Each have so many downloads that they appear in our Most Downloaded Apps in H1 2022 Worldwide chart, which is a first for shopping apps in the three years that Apptopia has done annual rankings. Shopee ranked first in 2021, but Meesho has been on a fast clip. Over the last 18 months, downloads grew 1400% from the full year 2020.
PayPal is still dominating the global payments scene, with close to 50 million downloads in the first half of 2022. PhonePe, which is not far behind PayPal, is a bit of a Super app. Used almost exclusively in India, it enables users to do everything from send friends money, buy ecommerce goods, invest in stocks and more. While super apps are less common in the United States, PayPal and Cash App are both heading that way, continually adding abilities to generate a larger share of the market and access more user data.
For the first time, gas savings and flight tracking apps appear in the 10 Most Downloaded Travel Apps, a sign of the times during this first half of 2022. FlightRadar24 ranks tenth worldwide, and Upside (cash back on gas) is the third most downloaded travel app in the U.S. The other changes in rank since our 2021 download leaders list shows up among ridesharing and online travel agency (OTA) apps.
As companies increasingly rely on social media to engage with customers, they have turned to social media managers to promote their products, design campaigns, and manage branding. This week, we take a look at the rise of the social media manager role and chronicle how the demographics and activities of this profession are evolving. While the title was less common in 2010, the number of individuals whose jobs focus on managing their company’s digital presence has steadily grown – by April 2022, there were over 64,000 social media managers in the United States.
The coffee space outperformed the wider dining sector for much of 2021, but the Omicron surge halted the category’s foot traffic growth, and the recent economic challenges appear to be holding the category back. We dove into visits to Starbucks, Dunkin’, and Dutch Bros., as well as foot traffic to the wider coffee space, to understand how inflation and high gas prices are impacting the coffee sector’s performance.
