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

Existing-Home Sales Up in February
Apr 8, 2013
 Printable format
 Email this Article
 Search

February U.S. existing-home sales and prices provide evidence of a healthy housing recovery underway, according to the National Association of Realtors. The industry has now seen 20 consecutive months of sales above year-ago levels and 12 consecutive months of year-over-year price increases.

Total existing-home sales were up in February 2013 to 0.8%, to a seasonally adjusted annual rate of 4.98 million, from an upwardly revised 4.94 million in January 2013. February 2013 sales were up 10.2% from 4.52 million units in February 2012. February 2013 existing home sales were the highest since sales were boosted by a federal tax credit in November 2009.

"Job growth in the improving economy and pent-up demand are causing both home sales and rental leasing to rise. Though home prices are rising much faster than rents, historically low mortgage rates are still making home purchases affordable," said Lawrence Yun, NAR chief economist. "The only headwinds are limited housing inventory, which varies greatly around the country, and credit conditions that remain too restrictive."

End-of-month total housing inventory in February was up 9.6%, with 1.94 million existing homes for sale. At the current pace of sales this is a 4.7-month supply. This is up from 4.3 months in January 2013, which had the lowest level of supply since May 2005. The supply is down 19.2% from February 2012's 6.4-month supply.

Back to Daily News

 

Daily News

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

Feb 14, 2014: Affluent Consumers Feel Confident, But Not As Inclined To Buy Luxury Products in 2014

Feb 13, 2014: Indesit: Ever-Decreasing Shipments in 2013

Feb 13, 2014: AHRI Sees Flaws in CPSC-Proposed Guidelines for Voluntary Recalls

Feb 13, 2014: Kubota and Echo Form U.S. Dealer Alliance

Feb 13, 2014: Spectrum Brands Names Andreas Rouvé COO

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows