Tag Archive for ‘remodeling’

Pending Sales Up 0.2% in November

The Pending Home Sales Index increased slightly by 0.2% in November, and is 0.8% above a year ago. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI increased 4.1% in the Northeast and 0.4% in the Midwest, but decreased 0.4% in the South and 1.8%… Read More ›

Private Residential Spending Is On the Rise

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1% in November to a seasonally adjusted annual rate of $530.8 billion. It was the highest level since February 2007. Total private residential construction spending was 7.9% higher than a year ago. The monthly gains are largely attributed to the strong growth of spending on… Read More ›

Existing Sales Surge 5.6% in November

November existing sales embraced an end of the year rally, increasing 5.6% to the highest level since December 2006; but the first-time buyer share of 29% continued to disappoint. The National Association of Realtors reported 44% of homes sold last month were on the market less than a month, a slightly slower pace than the 47% last month. The November… Read More ›

Pending Sales Rebound from Hurricanes

The Pending Home Sales Index increased 3.5% in October as the South recovered from the impact of Hurricanes Harvey and Irma. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), remains 0.6% below the level a year ago. The PHSI jumped 7.4% in the South, and also increased… Read More ›

Existing Sales Up 2.0% in October

October existing sales increased 2.0%, and the first-time buyer share increased to 32% of sales. The National Association of Realtors projected that Texas and Florida sales are now expected to completely bounce back by the end of the year from declines due to Hurricanes Harvey and Irma. Some 47% of homes sold last month were on the market less than… Read More ›

Pending Sales Flat

The Pending Home Sales Index, unchanged in September, has fallen on an annual basis in five of the past six months, and is at its lowest level since January 2015. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), remained unchanged at 106.0 from a downwardly revised August… Read More ›

September Existing Sales Slightly Up

September existing sales increased slightly by 0.7% for the first time in four months, but the first-time buyer share decreased to 29% of sales, the lowest share since September 2015. The National Association of Realtors reported that parts of Texas and South Florida had temporary but notable declines due to Hurricanes Harvey and Irma. Some 48% of homes sold last… Read More ›

Private Residential Construction Spending Rises in August

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $520.9 billion in August, 0.5% up from downwardly revised July estimates. It was the fourth consecutive monthly increase after a dip in April. Hurricane Harvey that made landfall late in August did not have significant impacts on… Read More ›

Pending Sales Fall, Market Stalls

The Pending Home Sales Index decreased in August for the fifth time in six months, pulling 2017 existing sales below the pace set in 2016. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased 2.6% to 106.3 in August, the lowest level since January 2016. The PHSI… Read More ›