After the whiplash of the early days of the pandemic, the dust is settling as the country moves toward recovery. CNBC gathered five charts that show where affected industries stand now as states begin to reopen, and the housing market is leading the way. Home purchases are up from last year, people are driving more, and reservations at hotels and restaurants are increasing as well. Though things may change if the pandemic has a second wave, the country is on track for recovery for now. Find out how restaurants, hotels, air travel, home sales, and mobility are faring.
As the U.S. economy makes further progress in recovering from the harsh blow of the coronavirus pandemic, certain industries are showing signs of recovery. Home purchases are up compared to last year, reservations are increasing at restaurants and hotel occupancy rates are on the rise. Even the battered air travel industry has seen some slight growth in passengers, indicating that the worst might be over for the U.S. economy.
These five charts illustrate this progress as the economy recovers from one of the most significant downturns in history.
Direction requests
Requests for transit directions have crept up further and are at almost half of their previous levels prior to the pandemic, according to the latest data from navigation app Apple Maps. This boost follows New York City entering into phase one of reopening this week, allowing many residents to return to work. This week also saw a dip in walking directions as people may be traveling further and relying more on driving and public transportation.
Related Stories
Remodeling
Aging in Place: My Aunt Nancy’s New ADU
An apartment addition for an accessory dwelling unit to allow a family member to age in place presents several challenges and lessons learned for both the homeowners and contractor alike
Housing Markets
Average Homebuyer Income Increased Considerably in 'Pandemic Boomtowns'
Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000
Housing Giants
What Now for Residential Construction? The Housing Industry Post-Pandemic
The COVID-19 pandemic is essentially over, but the disruption to the housing industry that lies in its wake will be felt for years to come