Tag: National Association of Realtors

US existing home sales down in June

US existing home sales down in June

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 […]

July 21, 2011 More
US existing home sales down in May

US existing home sales down in May

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 a�� […]

June 21, 2011 More
US Pending Home Sales Index up in February

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 […]

March 29, 2011 More
US house sales plunge to 9-year low

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 a�� suggesting the housing market is still depressed. Economists had […]

March 21, 2011 More
US Pending Home Sales Index falls in January

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 […]

February 28, 2011 More
NAR reports rise in US homes sales in January

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 a�� beating forecasts of 5.23 million units. Sales were also up 5.3% compared with January 2010 levels. […]

February 24, 2011 More
US Pending Home Sales Index up in December

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 […]

January 27, 2011 More
NAR reports surge in US homes sales in December

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 […]

January 20, 2011 More
NAR reports rise in US homes sales in November

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 Octobera��s 4.43 million […]

December 22, 2010 More
NAR reports fall in US homes sales in October

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 todaya��s figures, Lawrence […]

November 23, 2010 More
NAR reveals surge in US homes sales in September

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 […]

October 25, 2010 More
NAR reveals surge in US homes in August

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 […]

September 23, 2010 More
US Pending Home Sales Index plunges to 9-year low

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 […]

August 3, 2010 More
US consumer spending flat in June

US consumer spending flat in June

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 […]

More woes for US housing market

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 […]

July 26, 2010 More
NAR reports further fall in US home sales in June

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 […]

July 22, 2010 More
US Pending Home Sales Index plunges in May

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 a�� which ended on 30 April. While a fall in deals was anticipated, it was double the amount that […]

July 1, 2010 More
US new home sales plunge to record low in May

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 a�� the lowest since records commenced in 1963. However, a fall was expected […]

June 24, 2010 More
NAR reports fall in US home sales in May

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 […]

June 22, 2010 More
US stocks rise after good news

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 worlda��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 […]

June 3, 2010 More