Tag Archive for ‘remodeling’

Pending Sales Down Again

Although the Pending Home Sales Index decreased for the second consecutive month in September to its second lowest reading in 2015, the PHSI has increased year-over-year for 13 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 2.3% in September to 106.8 from a downwardly… Read More ›

Existing Sales Rebound

Existing home sales, as reported by the National Association of Realtors, increased 4.7% in September, and have increased year-over-year for 12 consecutive months. However, the first-time buyer share decreased to 29%, down from 32% the previous month. Total existing home sales in September increased to a seasonally adjusted rate of 5.55 million units combined for single-family homes, townhomes, condominiums and… Read More ›

Pending Sales Retreat

The Pending Home Sales Index decreased in August, but has increased year-over-year for 12 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 1.4% in August, but is up 6.1% from the same month a year ago. While increasing in the West, the PHSI declined… Read More ›

Americans Spent $150 billion on Home Improvements & Repairs in 2013

If one wanted to understand the characteristics of the housing stock in the US, including its size, composition, physical conditions, home improvements, characteristics of recent movers, and housing costs, the American Housing Survey (AHS) would be the place to go. The AHS is conducted every other year by the Census Bureau and sponsored by the Department of Housing and Urban… Read More ›

Americans Spent $150 billion on Home Improvements & Repairs in 2013

If one wanted to understand the characteristics of the housing stock in the US, including its size, composition, physical conditions, home improvements, characteristics of recent movers, and housing costs, the American Housing Survey (AHS) would be the place to go. The AHS is conducted every other year by the Census Bureau and sponsored by the Department of Housing and Urban… Read More ›

Existing Sales Fall in August But First-Time Buyer Share Rises

Although existing home sales, as reported by the National Association of Realtors, decreased in August after three successive months of growth, the first-time home buyer share increased sharply to 32% from 28% in July. Total existing home sales decreased by 4.8% in August to a seasonally adjusted rate of 5.31 million units combined for single-family homes, townhomes, condominiums and co-ops,… Read More ›

Construction Job Openings Steady, Hiring Slowing

The count of construction job openings held steady in July, as hiring in the home building sector slowed. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) remained constant at 137,000 for July. This is somewhat lower than the cycle high of 168,000 set during March…. Read More ›

Pending Sales Maintain the Ride Up

The Pending Home Sales Index increased in July for the sixth time in seven months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 0.5% in July from an upwardly revised June report, and is up 7.4% from the same month a year ago. Most of the… Read More ›