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. New Home Sales Continue to Rise in September
Oct 28, 2004
 Printable format
 Email this Article
 Search

Sales of new single-family homes in the U.S. rose to a seasonally adjusted annual rate of 1.206 million units in September, a 3.5-percent increase from the month before, the U.S. Commerce Department reported. The rate was 7.0 percent above the sales pace of September 2003.

“With long-term mortgage rates below 6 percent and adjustable rate mortgages around 4 percent, buyers have had a powerful incentive to buy and we expect robust sales to continue in the coming months,” said Bobby Rayburn, president of the National Association of Home Builders (NAHB) and a home and apartment builder from Jackson, MS, U.S. “The latest NAHB/Wells Fargo Housing Market Index, based on our monthly surveys of single-family builders, indicated that builders saw a large turnout of prospective buyers at model homes and sales centers in October.”

NAHB Chief Economist David Seiders added that economic conditions such as low mortgage rates, healthy income and employment growth, and solid house price performance continue to invigorate demand. “We certainly remain on track to have another record year in 2004,” he said.

Three U.S. regions registered sales increases for the month. The Northeast posted a 6.0-percent increase. The Midwest rose 12.3 percent, and sales in the South were up 2.7 percent. The West posted a slight decline, down 0.8 percent for the month.

The inventory of unsold new homes was 404,000 units in September, putting the month’s supply at 4.1 at the current sales pace, slightly lower than the previous month.

Back to Daily News

 

Daily News

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

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 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