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30th of December 2010
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News Tag: Pending Home Sales Index

August 3, 2010

US Pending Home Sales Index plunges to 9-year low

by Kay Murchie
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 Murchie
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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 1, 2010

US Pending Home Sales Index plunges in May

by Kay Murchie
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 3, 2010

US stocks rise after good news

by Kay Murchie
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 ...




June 2, 2010

US Pending Home Sales Index rises for third straight month

by Kay Murchie
US Pending Home Sales Index rises for third straight month
The National Association of Realtors (NAR) today said its Pending Home Sales Index rose for the third consecutive month in April boosted by the expiration of a Government tax credit. The NAR said the index rose 6% in April - far exceeding the 4.3% rise which many analysts had predicted. However, the index is 22.4% higher than in ...




January 5, 2010

US Pending Home Sales Index falls sharply in November

by Kay Murchie
US Pending Home Sales Index falls sharply in November
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell sharply by 16% in November to 96.0 from 114.1 in October, ending a nine-month rise. The NAR attributed the fall on the end of a rush to beat the original expiration of the $8,000 tax credit for first-time buyers. The tax credit had been due ...




December 2, 2009

US Pending Home Sales Index rises for ninth consecutive month

by Kay Murchie
US Pending Home Sales Index rises for ninth consecutive month
The National Association of Realtors (NAR) said its Pending Home Sales Index rose to 114.1 in October - its ninth consecutive monthly rise. The index is up 31.8% from this time last year - the biggest year-on-year gain since the series began in 2001. However, many analysts believe that the US housing market is being propped up by the ...




November 2, 2009

US pending home sales index rises to 3-year high

by Kay Murchie
US pending home sales index rises to 3-year high
The National Association of Realtors (NAR) said its Pending Home Sales Index rose to 110.1 in September - its eight consecutive monthly rise. The index now stands at the highest level since December 2006 when it was 112.8. The index is 21.2% higher than September last year when it was at the 90.9 mark and the annual gain is ...