Eye On Housing
Existing home sales decreased 1.9% in September from a significant downward revision in August, but were up 10.7% from the same period a year ago. The National Association of Realtors (NAR) reported that September 2013 total existing home sales were at a seasonally adjusted rate of 5.29 million units combined for single-family homes, townhomes, condominiums and co-ops. The August level… Read More ›
Tag Archive for ‘Existing Home Sales’
Pending Home Sales in April – Continuing Progress
The National Association of Realtors (NAR) released their pending home sales index (PHSI) for April. The PHSI tracks sales contracts signed, the precursor to contracts being closed, and is typically a good predictor of existing homes sales (i.e., contract closings) in the following month or two. The PHSI advanced 0.3% in April from March and stands 10.3% higher than in… Read More ›
Existing Home Sales Dip in December
Existing home sales declined 1% in December, sliding to a seasonally adjusted annualized rate of more than 4.9 million total units. Nonetheless, data from The National Association of Realtors (NAR) indicate sales remain on an upward trend. The average monthly pace recorded during November and December was at its highest level in three years, while sales increased nearly 13% on… Read More ›
Pending Home Sales Retreat
The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, decreased 2.6% in August 2012 to 99.2, down from the upwardly revised level of 101.9 in July. However, the August 2012 PHSI was 10.7% higher than the same period a year ago, and the July PHSI reached its highest level since April 2010 when the home buyer tax… Read More ›
Existing Home Sales Up Strongly From a Year Ago, Slightly Down from a Month Ago
February 2012 existing home sales were up 8.8 percent from a year ago, although down 0.9 percent from the upwardly revised January level. The February 2012 seasonally adjusted level of 4.59 million sales was up from the 4.22 million level of sales a year ago. The National Association of Realtors (NAR) reported that the February seasonally adjusted sales of existing… Read More ›
Existing Sales Up, Inventory Down
Existing home sales increased 4.3 percent in January to a seasonally adjusted level of 4.57 million units. That level is 0.7 percent above the January 2011 seasonally adjusted annual rate, and is the third increase over the past four months. The National Association of Realtors (NAR) reported that the seasonally adjusted sales of existing homes (comprised of completed transactions of… Read More ›
Strong Increase in Existing Home Sales
Existing home sales continued to grow on a month-to-month basis in December, rising for a third consecutive month. The National Association of Realtors (NAR) reported sales of existing homes comprised of completed transactions of single-family, townhouses, condominiums and coops rose 5.0 percent in December to a seasonally adjusted annual rate of 4.61 million. This is an increase from the downwardly… Read More ›