Echelon Report 011: The Index Rebounds to 97.1, but Weather Does Most of the Work
The ERDI rose 1.5 points to 97.1. Weather stress and Echelon’s contractor-panel signal contributed 1.73 points, while financing weakened and search barely moved.
The ERDI rose 1.5 points to 97.1. Weather stress and Echelon’s contractor-panel signal contributed 1.73 points, while financing weakened and search barely moved.
The ERDI fell 3.3 points to 95.6. Search demand and Echelon’s contractor-panel signal accounted for 3.03 points of the decline, while the market-facing average slipped below seasonal norm.
The ERDI rose 3.7 points to 98.9 as contractor review velocity recovered, but the five market-facing components fell 2.1 points and search demand dropped to 98.4.
The ERDI fell 4.7 points to 95.2, but the decline came from a sharp drop in Echelon’s contractor review-velocity signal. The other five components
averaged 102.9, search demand rose to 113.7, and four of six components remain above seasonal norm.
The Echelon Residential Demand Index prints 105.1 for the week ending August 8, easing from last week’s record 106.4 as search demand and financing cool from elevated levels. Permits remain the one component below baseline, still riding a June vintage.
The Echelon Residential Demand Index prints 106.4, up 4.4, with all six components live and five above seasonal norm for the first time. Demand is running ahead of the construction pipeline: permits are the only component under norm.
ERDI prints 102.0 flat as the mix rotates underneath, the furnace early-replacement wave is confirmed at three weeks, and the Echelon Database reaches both coasts: Washington, Oregon, and Virginia come online, crossing 1.3 million license records across eleven states.
ERDI prints 102.0 in its first week with all six components live. The heat engine restarted, search cooled from extreme highs, and the new completed-work signal says the trades are running behind demand.
ERDI prints 104.0, down 1.6 in its first week-over-week move. The decline is a weather story, not a demand story. Intent holds nearly a third above norm, financing keeps improving, and the demand mix is shifting from break-fix to booked work.
ERDI launches at 101.1: turnover at a five-month high, mortgage rates below a year ago, and the consolidation reaching Ohio. The Echelon Report, Issue 001.
Free Every Monday Morning
One brief, every Monday, on the forces reshaping the trades and the local markets they operate in. Built on the Echelon Database of more than 2 million records and the Echelon Residential Demand Index. Free to read, unsubscribe in one click.
Get the Weekly Brief