Tag Archive for ‘remodeling’

Pending Sales Best in Over Ten Years

The Pending Home Sales Index soared 5.1% in April to the highest level in over a decade, and has increased year-over-year for 20 consecutive months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 116.3 in April from an upwardly revised 110.7 in March, and is… Read More ›

NAHB Releases Remodeling by Zip Code Estimates for 2016

NAHB has released its latest projections of spending on improvements to owner-occupied housing by zip code. The projections show total spending on improvements, the number of owner-occupied homes, as well as average spending per improvement, in each zip code for calendar year 2016.  Also shown for each zip are 2016 projections for the five key variables NAHB uses to estimate home improvement… Read More ›

Existing Sales Continue Upward Trend

Existing home sales, as reported by the National Association of Realtors (NAR), increased 1.7% in April, continuing to build from an early year tumble, and showing improvement among first-time buyers. The April share of first-time buyers reached 32.0% in April, compared to an average of 30% for all of 2015. April existing sales are up 6.0% from the same month… Read More ›

Pending Sales Increase

The Pending Home Sales Index increased 1.4% in March to the highest level in since last May, and has increased year-over-year for 19 consecutive months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 110.5 in March from a downwardly revised 109.0 in February, and was… Read More ›

Existing Sales Rebound

Existing home sales, as reported by the National Association of Realtors (NAR), increased 5.1% in March, rebounding from the 7.1% tumble in February but showing no signs of increased activity among first-time buyers. The first-time buyer share of 30% in March remained unchanged from last month as well as March 2015. Total existing home sales in March increased to a… Read More ›

Pending Sales Strong

The Pending Home Sales Index increased 3.5% in February to the highest level in seven months, and has increased year-over-year for 18 consecutive months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 109.1 in February from a downwardly revised 105.4 in January, and was 0.7%… Read More ›

Pending Sales Down

The Pending Home Sales Index declined 2.5% in January, but has increased year-over-year for 17 consecutive months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased 2.5% in January to 106.0 from an upwardly revised 108.7 December, and was 1.4% above the same month a year ago…. Read More ›

Existing Sales Advance

Existing home sales, as reported by the National Association of Realtors (NAR), increased 0.4% in January to the highest level since July, and are up 11.0% from last January. The first-time buyer share for 2015 averaged 30%, up from 29% in 2014 and 2013. Total existing home sales in January increased to a seasonally adjusted rate of 5.47 million units… Read More ›

Pending Sales Inch Up

The Pending Home Sales Index was virtually unchanged in December, but has increased year-over-year for 16 consecutive months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 0.1% in December to 106.8 from a downwardly revised 106.7 November, and was 4.2% above the same month a year… Read More ›