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News Tag: National Association of Realtors

July 21, 2011

US existing home sales down in June

by Kay Mitchell
”US
The US housing market remains depressed after figures have revealed sales of previously owned homes fell 0.8% on a monthly basis to a 7-month low, according to the National Association of Realtors (NAR). The industry body said the fall in sales was attributed to contract cancellations with sales running at an annual rate of 4.77 million units – the lowest level ...




June 21, 2011

US existing home sales down in May

by Kay Mitchell
”US
The US housing market remains depressed after figures today revealed sales of previously owned homes plunged 15% on an annual basis last month, according to the National Association of Realtors (NAR). The industry body also said sales were down 3.8% on the previous month to a seasonally adjusted annual rate of 4.81 million units – below forecasts. However, the NAR points out ...




March 29, 2011

US Pending Home Sales Index up in February

by Kay Mitchell
US Pending Home Sales Index up in February
The National Association of Realtors (NAR) has announced its Pending Home Sales Index rose in February after two months of declines. The surprise rise comes after a series of gloomy reports for the US housing market. On a monthly basis, the index rose 2.1% to 90.8, confounding analysts expectations of a fall of 1%. On an annual basis, however, sales were ...




March 21, 2011

US house sales plunge to 9-year low

by Kay Mitchell
US house sales plunge to 9-year low
The National Association of Realtors (NAR) has today revealed sales of previously owned homes in the US plunged to a low not seen since April 2002. The industry body said sales dived 5.2% last month to a seasonally adjusted annual rate of 4.88 million units – suggesting the housing market is still depressed. Economists had expected a fall of 4% to ...




February 28, 2011

US Pending Home Sales Index falls in January

by Kay Mitchell
US Pending Home Sales Index falls in January
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell in January. On a monthly basis, the index fell to 88.9, from a downwardly revised 91.5 in the previous month and was lower than the reading of 89.5 expected by economists. The data reflects contracts and not closings, which normally occur with a lag time of ...




February 24, 2011

NAR reports rise in US homes sales in January

by Kay Mitchell
NAR reports rise in US homes sales in January
The National Association of Realtors (NAR) has revealed sales of previously owned homes in the US rose in January. The industry body said sales grew 2.7% in January to a seasonally adjusted annual rate of 5.36 million units – beating forecasts of 5.23 million units. Sales were also up 5.3% compared with January 2010 levels. Economists had expected a lower ...




January 27, 2011

US Pending Home Sales Index up in December

by Kay Mitchell
US Pending Home Sales Index up in December
The National Association of Realtors (NAR) today said its Pending Home Sales Index rose in December. On a monthly basis, the index was up by 2% to 93.7 from 91.9 in November. The reading also beat expectations of a 1% rise. It also represented the fifth gain in six months, said the NAR. The data reflects contracts and not closings, which ...




January 20, 2011

NAR reports surge in US homes sales in December

by Kay Mitchell
NAR reports surge in US homes sales in December
The National Association of Realtors (NAR) has today revealed sales of previously owned homes in the US rose more than expected in December. The industry body said sales grew 12.3% to a seasonally adjusted annual rate of 5.28 million units - beating forecasts of 4.85 million units. Economists had expected a lower reading due to the bad weather that gripped ...




December 22, 2010

NAR reports rise in US homes sales in November

by Kay Mitchell
NAR reports rise in US homes sales in November
The National Association of Realtors (NAR) has today revealed sales of previously owned homes rose more than expected in November, offering hope that the housing market may slowly be recovering from its slump. The industry body said sales grew 5.6% to a seasonally adjusted annual unit rate of 4.68 million, up from October’s 4.43 million units. The figure marginally ...




November 23, 2010

NAR reports fall in US homes sales in October

by Kay Mitchell
NAR reports fall in US homes sales in October
The National Association of Realtors (NAR) has today revealed sales of previously owned homes fell more than expected in October, following two months of strong gains. The industry body said sales fell 2.2% to a seasonally adjusted annual unit rate of 4.43 million units, down from September's 4.53 million units. Commenting on today’s figures, Lawrence Yun, chief economist for the ...




October 25, 2010

NAR reveals surge in US homes sales in September

by Kay Mitchell
NAR reveals surge in US homes sales in September
The National Association of Realtors (NAR) has today revealed a surge in sales of previously owned homes in the US for the month of September. The industry body said sales jumped 10% in September - the biggest monthly rise in 28 years. Furthermore, it compares favourably with September 2009, when existing home sales nationwide were down 19.1%. Sales in September surged ...




September 23, 2010

NAR reveals surge in US homes in August

by Kay Mitchell
NAR reveals surge in US homes in August
The National Association of Realtors (NAR) has today revealed a surge in sales of previously owned homes in the US for the month of August. The industry body said sales jumped 7.6% in August to an annual rate of 4.13 million units, up from a revised 3.84 million units in July - which represented the lowest since 1997. The data suggests ...




August 3, 2010

US Pending Home Sales Index plunges to 9-year low

by Kay Mitchell
US Pending Home Sales Index plunges to 9-year low
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell by 18.6% in June on year. On a monthly basis, the index fell by 2.6% to 75.7 points based on contracts signed in June compared with May. As a result, the index fell to the lowest level since records began in 2001. The slump was attributed to ...




US consumer spending flat in June

by Kay Mitchell
”US
According to the Commerce Department, consumer spending in the US remained flat in June. Households in the US continue to be squeezed amid higher unemployment. Consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was unchanged from May. Meanwhile, incomes failed to increase for the first time since September. Last week, official figures revealed the US economy ...




July 26, 2010

More woes for US housing market

by Kay Mitchell
More woes for US housing market
The Commerce Department has today revealed a rise in sales of new homes in the US for the month of June. However, the rate of sales was the second slowest since records began in 1963. According to the Commerce Department, new single-family home sales rose to an annual rate of 330,000 units from a revised 267,000 in May – the second lowest on ...




July 22, 2010

NAR reports further fall in US home sales in June

by Kay Mitchell
NAR reports further fall in US home sales in June
The National Association of Realtors (NAR) has today revealed a further fall in sales of previously owned homes in the US for the month of June - the second consecutive monthly fall. The industry body said sales fell 5% in June to an annual rate of 5.37 million units. While the figure is 9.8% higher than a year earlier, ...




July 1, 2010

US Pending Home Sales Index plunges in May

by Kay Mitchell
US Pending Home Sales Index plunges in May
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell by 30% in May, after rising 23% between January and April. The slump was attributed to the expiration of a Government incentive – which ended on 30 April. While a fall in deals was anticipated, it was double the amount that analysts had expected. The NAR said ...




June 24, 2010

US new home sales plunge to record low in May

by Kay Mitchell
US new home sales plunge to record low in May
The Commerce Department has revealed a record fall in sales of new homes in the US for the month of May. According to the Commerce Department, new single-family home sales fell by 32.7% on year to an all-time low of 300,000 units – the lowest since records commenced in 1963. However, a fall was expected as buyers rushed to ...




June 22, 2010

NAR reports fall in US home sales in May

by Kay Mitchell
NAR reports fall in US home sales in May
The National Association of Realtors (NAR) has today revealed a surprise drop in sales of previously owned homes in the US for the month of May, despite the Government tax credit designed to entice homebuyers. The industry body said sales fell 2.2% in May to an annual rate of 5.66 million units, up from a revised 5.79 million units ...




June 3, 2010

US stocks rise after good news

by Kay Mitchell
US stocks rise after good news
Wall Street's main Dow Jones index closed up 2.3% yesterday at 10,250 after good news boosted investor confidence. The pending home sales index and demand for cars boosted stocks in the world’s largest economy. "A positive housing report and better-than-expected auto sales are giving the stock market a lift," according to Wells Fargo senior equity market strategist Scott Marcouille. Yesterday, the National Association ...