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. Commerce Department Reports Rise in New-Home Sales
May 28, 2003
 Printable format
 Email this Article
 Search

According to a report yesterday from the U.S. Commerce Department, sales of new single-family homes rose 1.7 percent in April to a seasonally adjusted annual rate of 1.03 million units. April was reportedly the third time this year that new-home sales rose above the million-unit mark.

According to Kent Conine, president of the National Association of Home Builders (NAHB), the data provides "solid evidence of the confidence that buyers continue to have in homes as investments." Mr. Conine added, "The news also bodes well for the remainder of the spring home buying season and beyond because there has been another downshift in mortgage interest rates and a further boost in consumer confidence since April."

The report from the Commerce Department illustrates an increase in new-home sales in three out of four regions in the U.S. during April. The Midwest gained 13.4 percent, the South gained 0.6 percent, and the West gained 4.3 percent. According to the report, shifting weather patterns caused fluctuations for several months in the Northeast, and sales fell nearly 18 percent.

Back to Daily News

 

Daily News

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

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

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

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