Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Pending Home Sales Up in March
May 14, 2010
 Printable format
 Email this Article
 Search

Pending home sales increased again in March, adding to a upswing in home sales during the 2010 spring home buying season, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3% to 102.9, up from 97.7 in February 2010, which was itself an 8.3% increase. The March index is also up 21.1% over March 2009 (when the index was 85.0).

The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

"Clearly the home buyer tax credit has helped stabilize the market," said Lawrence Yun, NAR chief economist. "In the months immediately following the expiration of the tax credit, we expect measurably lower sales Later in the second half of the year, and into 2011, home sales will likely become self-sustaining if the economy can add jobs at a respectable pace, and from a return of buyer demand as they see home values stabilizing.”

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales.

Back to Daily News

 

Daily News

...........................................................

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

Nov 20, 2014: Most Profitable Industry in the U.S.: Electrical Equipment, Appliance and Component Manufacturing

Nov 19, 2014: LG washing machine global sales top 20 million in 5 years

Nov 19, 2014: Wolf ovens use columnar vertical blower fans to optimize convection

Nov 19, 2014: ASRAC meeting to address home air-conditioner regional standards enforcement

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows