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

U.S. Existing Home Sales Decline in October
Nov 24, 2010
 Printable format
 Email this Article
 Search

Existing-home sales in the U.S. declined in October after showing gains August and September according to the National Association of Realtors.

Existing-home sales - completed transactions that include single-family, townhomes, condominiums, and co-ops - declined 2.2% to a seasonally adjusted annual rate of 4.43 million in October from 4.53 million in September. Sales were 25.9% below the 5.98 million-unit level in October 2009, when sales were increasing rapidly prior to the initial deadline for the first-time buyer tax credit.

Year-to-date there were 4.149 million existing-home sales, down 2.9% from 4.272 million at this time in 2009.

Lawrence Yun, NAR chief economist, said the temporary foreclosure stoppage in some states likely held back a number of completed sales. He said that sales activity is "clearly off the bottom and is attempting to settle into normal sustainable levels.” he said. “Based on current and improving job market conditions, and from attractive affordability conditions, sales should steadily improve to healthier levels of above 5 million by spring of next year.”

Back to Daily News

 

Daily News

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

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

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

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

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 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