Content about National Association of Realtors

March 21, 2014

Jerry Howard, CEO the National Association of Home Builders, will speak at the Spring Meeting & Legislative Conference. He will join Senator Ron Johnson (R-Wis.) at the Washington Briefing Breakfast April 1.

Howard has worked as a legislative analyst at the National Association of Realtors, the chief lobbyist for the National Council of State Housing Agencies, and tax counsel  for the NAHB. He was promoted to NAHB's executive VP and CEO in February 2001. 

March 20, 2014

Existing-home sales dropped 0.4% in February even while home prices continued to grow.

According to data released by the National Association of Realtors this morning, total existing-home sales came in at a seasonally adjusted annual rate of 4.60 million in February, compared to 4.62 million the previous month. This is also 7.1% below February 2013 levels, and the slowest pace of sales since July 2012.

Meanwhile, single-family home sales came down 0.2% to a seasonally adjusted annual rate of 4.04 million, which is 6.9% below the sales pace in February 2013.

February 21, 2014

On the heels of an unrelenting winter, existing-home sales reached a year-and-a-half low of 4.62 million in January (down 5.1%), though home prices continued to rise, according to the National Association of Realtors.

Single-family home sales were down 5.8% to a seasonally adjusted annual rate of 4.05 million, which is 6.0% below January 2013's rate. 

January 23, 2014

Total existing-home sales edged up by 1.0% in December to a seasonally adjusted annual rate of 4.87 million, making the full-year count for 2013 the highest since 2006, according to the National Association of Realtors.

December 19, 2013

Though median home prices continued their steady growth trajectory, existing-home sales dipped in November by 4.3%, according to the National Association of Realtors. This marks the first time in 29 months that sales fell below year-ago levels.

Total existing-home sales came in at a seasonally adjusted annual rate of 4.90 million, down from 5.12 million in October and also 1.2% lower than November 2012's 4.96 million.

November 15, 2013

The National Association of Realtors (NAR) announced its officers for 2014 at the 2013 Realtors Conference and Expo, with Steve Brown at the helm as the association's president for next year.

Brown is a Realtor from Dayton, Ohio, touting more than 30 years of industry experience. He is the co-owner of Irongate Realtors and has held various NAR leadership positions since 2005, including the role of president-elect in 2013 and first VP in 2012.

October 22, 2013

Although existing-home sales enjoyed a four-year peak in August, September saw a slight decline of 1.9% in the amount of homes sold, according to the National Association of Realtors.

Total existing-home sales came in at a seasonally adjusted annual rate of 5.29 million, compared to a downwardly revised 5.39 million in August. However, September's numbers still mark a 10.7% improvement over year-ago figures of 4.78 million.

Of these, single-family home sales were down 1.5% to a seasonally adjusted annual rate of 4.68 million, compared to 4.75 million in August. 

September 19, 2013

Existing-home sales were at their highest in six and a half years in August, rising 1.7% to a seasonally adjusted annual rate of 5.48 million. Specifically, single-family home sales were up 1.7% to a seasonally adjusted annual rate of 4.84 million.

Despite the record numbers, National Association of Realtors chief economist Lawrence Yun cautioned that they may represent a temporary peak.

August 29, 2013

The Pending Home Sales Index for July declined 1.3% to 109.5 as higher mortgage rates dampened enthusiasm for home buyers, according to the National Association of Realtors (NAR).

The NAR's Chief Economist Lawrence Yun didn't seem concerned by what he called a "modest decline in sales." 

The Pending Home Sales Index is a forward-looking indicator based on contract signings. The index has remained above year-ago levels for 27 consecutive months.

August 21, 2013

Total existing-home sales fared well in July, experiencing a 6.5% increase to a seasonally adjusted annual rate of 5.39 million, marking the 25th consecutive month that sales have remained above year-ago levels.

The National Association of Realtors reported that July's figures are up from June's downwardly revised total of 5.06 million and are 17.2% higher than July 2012's 4.60 million.

Total housing inventory rose 5.6% to 2.28 million existing homes available for sale, marking a 5.1 month supply that was consistent with June's figures.

July 22, 2013

June's existing home sales hit a setback in an otherwise forward-moving trajectory, according to the National Association of Realtors (NAR). Total existing-home sales took a dip of 1.2% to a seasonally adjusted annual rate of 5.08 million, down from 5.14 million in May.

Despite the lag, June's figures remain above year-ago levels by a margin of 15.2%. June also marks the seventh straight month of gains in median prices, and the national median existing-home price was $214,200, up 13.5% from June 2012.

June 20, 2013

On the heels of promising housing starts figures from last month, May's existing-home sales also experienced a sizeable year-over-year bump, according to the National Association of Realtors.

June 20, 2013

According to recent surveys by the National Association of Home Builders and the National Lumber and Building Material Dealers Association, home builders and lumber dealers are experiencing significant shortages in building materials, a supply constraint that threatens to hamper recent gains in the housing market recovery.

This report comes amid promising May figures for existing-home sales, though the National Association of Realtors cautioned that new home construction rates will not satisfy the growing demand for sales for very long.

May 30, 2013

The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 0.3% to 106.0 in April from 105.7 in March, and is 10.3% above April 2012 when it was 96.1, according to the National Association of Realtors. 

Home contract activity is at the highest level since the index hit 110.9 in April 2010, which was right before the deadline for the home buyer tax credit. Pending sales have been above year-ago levels for the past 24 months.

May 22, 2013

The number of existing-home sales increased 0.6% in April to a seasonally adjusted annual rate of 4.97 million, compared with an upwardly revised 4.94 million in March.

The figures were released Wednesday morning by the National Association of Realtors (NAR). Sales remain below underlying demand because of limited inventory and tight credit, according to the NAR.

May 6, 2013

Pending home sales increased in March and remain above year-ago levels, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 1.5% to 105.7 in March from a downwardly revised 104.1 in February, and is 7% above March 2012 when it was 98.8, according to the National Association of Realtors. Pending sales have been above year-ago levels for the past 23 months; the data reflect contracts but not closings.

March 29, 2013

Pending home sales declined 0.4% in February as buyers faced limited inventory, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, slipped 0.4% to 104.8 in February from a downwardly revised 105.2 in January. The index is 8.4% higher than February 2012 when it was 96.6.

The metric remained, however, at the second highest level in nearly three years; and contract activity has been above year-ago levels for the past 22 months.

March 21, 2013

The National Association of Realtors estimated sales of existing homes increased 0.8% in February to a rate of 4.98 million.

The National Association of Realtors estimated sales of existing homes increased 0.8% in February to a seasonally adjusted annual rate of 4.98 million, compared with an upwardly revised figure of 4.94 million in January.

Compared with a year ago, the February rate is up 10.2%. 

February 22, 2013

Up 0.4% from a downwardly revised December, existing-home sales shows strong buyer demand, according to the NAR.

Existing-home sales edged up in January, while a seller's market is developing and home prices continue to rise steadily above year-ago levels, according to the National Association of Realtors.

Total existing-home sales increased 0.4% to a seasonally adjusted annual rate of 4.92 million in January from a downwardly revised 4.90 million in December, and are 9.1% above the 4.51 million-unit pace in January 2012.

January 28, 2013

December takes a step back, but NAR data show a long-running upward trend on a year-over-year basis.

The Pending Home Sales Index declined 4.3% in December to a reading of 101.7, according to data released Monday morning by the National Association of Realtors.  

The data, which reflects contracts but not closings, was up 6.9% compared with the year-ago month.

January 23, 2013

Total existing-home sales declined 1.0% to a seasonally adjusted annual rate of 4.94 million in December from a downwardly revised 4.99 million in November, according to the National Association of Realtors.

Total existing-home sales declined 1.0% to a seasonally adjusted annual rate of 4.94 million in December from a downwardly revised 4.99 million in November, according to the National Association of Realtors. They are 12.8% above the 4.38 million-unit level in December 2011. 

The preliminary annual total for existing-home sales in 2012 was 4.65 million, up 9.2% from 4.26 million in 2011. It was the highest volume since 2007 when it reached 5.03 million. 

December 20, 2012

Data from the National Association of Realtors show existing-home sales rose 5.9% in November to a seasonally adjusted annual rate of 5.04 million -- the highest rate since November 2009.

The rate shows an increase over the downwardly revised pace of 4.76 million in October. The November rate is also 14.5% higher than the 4.40 million-unit pace set in November 2011.

December 13, 2012

A chorus of voices is giving hope to the housing industry, which is starting to show signs of recovery. Demand for housing, as measured by pending home sales, was at a two-year peak in October, according to the National Association of Realtors. Builders broke ground on 894,000 housing units that same month, their fastest pace in four years, according to the U.S. Commerce Department. The National Association of Home Builders (NAHB), which surveys its members every month, declared that its Builder Confidence Index hit its highest level in November since May 2006.

November 19, 2012

According to a report from the National Association of Realtors, existing home sales in the U.S. rose 2.1% in October. 

Existing home sales grew to seasonally adjusted annual rate of 4.79 million units, according to a report issued Monday morning by the National Association of Realtors. 

The figure is up 2.1% from September’s rate, and up 10.9% from the 4.32 million level in October 2011.

October 19, 2012

September existing-home sales declined modestly, according to the National Association of Realtors. Inventory continued to tighten and the national median home price recorded its seventh back-to-back monthly increase from a year earlier.  

Total existing-home sales fell 1.7% to a seasonally adjusted annual rate of 4.75 million in September from an upwardly revised 4.83 million in August, but are 11.0% above the 4.28 million-unit pace in September 2011.