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

December Existing-Home Sales Up
Jan 30, 2014
 Printable format
 Email this Article
 Search

A slight increase in December sales helped make 2013 the best year for existing-home sales since 2006, according to the National Association of Realtors.

Total existing-home sales (which includes single-family homes, townhomes, condominiums, and co-ops) increased 1.0% to a seasonally adjusted annual rate of 4.87 million in December 2013, from a downwardly revised 4.82 million in November. Still, December 2013 was down 0.6% from December 2012's 4.90 million-unit level.

Total existing-home sales for full-year 2013 were 5.09 million units, up 9.1% over full-year 2012. It was the strongest year since 2006 had sales of 6.48 million units—which NAR called an unsustainably high rate that came at the end of the housing boom.

"Existing-home sales have risen nearly 20% since 2011, with job growth, record low mortgage interest rates and a large pent-up demand driving the market,” said Lawrence Yun, NAR chief economist. "We lost some momentum toward the end of 2013 from disappointing job growth and limited inventory, but we ended with a year that was close to normal given the size of our population.”

The median existing-home price for all housing types in December was $198,000, up 9.9% from December 2012.

Total housing inventory at the end of December was down 9.3%, to 1.86 million existing homes available for sale—a 4.6-month supply at the current sales pace, down from a 5.1 month supply in November.

Back to Daily News

 

Daily News

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

May 22, 2014: Affluent Consumers' Confidence Drops

May 21, 2014: Companies Must Apply for European HFC Quotas by July 1

May 21, 2014: New Game Consoles Energy Use Costs $400 Million/Year in Standby Mode

May 21, 2014: Whirlpool Tops Customer Experience Rating Survey

May 16, 2014: Fagor-Equipped Restaurants Among World's Best

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