Charlotte, the headquarters of Bank of America and Wachovia banks, “is the second largest banking industry city in the country,” Pleasants said. “There are a lot of people who have money and are moving here.” The city’s attractions and good climate has supported continued demand for housing, he said.
Plaza Appliance Mart serves both consumers and builders. “Our customer base is more middle to high end,” Pleasants said. “Even though the retail side of the business might be a little soft, we’re still seeing business from the higher end of our customer base.” Builders have cut back a little bit, but Pleasants added, “The builder side is stronger than the retail right now where we are.”
Consumer Electronics Association Economist Shawn DuBravac in late September is watching both the industry and U.S. macroeconomics. “The broader macroeconomic story is increased uncertainty, which is breeding more uncertainty,” he said. “Risk is back in vogue. Markets are re-pricing risk. The real risk is that that kind of bleeds over into everything else.”