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November 20, 2014

Existing-home sales were up again in October, marking the first time in a year that the metric rose above year-over-year levels, according to the National Association of Realtors.

Total existing-home sales were up 1.5% for the month to a seasonally adjusted annual rate of 5.26 million, compared to an upwardly revised 5.18 million in September. This also marks a 2.5% gain over last October's sales.

For single-family homes, sales increased 1.3% to a rate of 4.63 million -- 2.9% above year-ago levels.

October 24, 2014

Sales of single-family homes increased in September -- but only slightly, and only after downward revisions of the August numbers.

The U.S. Department of Commerce data released Friday showed new residential sales at a seasonally adjusted annual rate of 467,000, up 0.2% from the revised August rate of 466,000. 

On the positive side of the report, the September rate is up 17.0% compared to the September 2013 figure of 399,000.

Stern Agee Chief Economist Lindsey Page said the figures render the momentum in August illusory. 

October 21, 2014

Existing-home sales made a comeback in September after experiencing a slight decline in August. At their highest level in 2014 so far, sales clocked in at an adjusted annual rate of 5.17 million, according to the National Association of Realtors.

As for whether rising home prices are helping or hurting the housing market -- it depends on how you look at it.

September 24, 2014

Steadily improving economic fundamentals should moderately boost holiday sales in the stores and online this year, according to Deloitte’s annual retail holiday sales forecast.

September 22, 2014

Existing-home sales were on the up and up for the past four months, but the momentum didn't carry through August.

Sales decreased 1.8% last month to a seasonally adjusted annual rate of 5.05 million, a decline the National Association of Realtors attributed to investor activity.

June 23, 2014

Bringing some good news to the industry after a weak month for housing starts, existing-home sales peaked sharply in May to a seasonally adjusted annual rate of 4.89 million -- the highest month-over-month gain since August 2011, according to the National Association of Realtors.

Single-family home sales rose even more -- 5.7% -- to a seasonally adjusted annual rate of 4.30 million.

May 22, 2014

Sterne Agee chief economist Lindsey Piegza had some words regarding Thursday's existing-home sales report, and they weren't particularly inspired.

Even though April saw the first increase in sales this year so far, the majority of that progress was riding on the volatile multi-family home market, Piegza explained. Multi-family units were up 7.3%, while single-family homes were only up 0.5%.

May 22, 2014

The National Association of Realtors had slightly more positive news to report this month. Existing-home sales increased for the first time this year in April, bumping up 1.3% to a seasonally adjusted annual rate of 4.65 million.

Single-family sales were up 0.5% to a rate of 4.06 million, but are still 7.7% below last year's pace. 

April 22, 2014

Dropping 0.2% to a seasonally adjusted annual rate of 4.59 million, existing-home sales largely flatlined in March, according to the National Association of Realtors. The March results are also 7.5% below year-ago levels.

The slight drop, which is down from 4.60 million in February, is the end result of sales gains in the Northeast and Midwest being canceled out by declines in the West and South.

February 27, 2014

Trulia has issued its Winter 2014 Rent vs. Buy Report, finding that homeownership is still less expensive than renting in all of the nation's 100 largest housing markets, though roughly one-third of that 100 are at risk of tipping in the other direction.

February 7, 2014

Led by a resurgence in single-family production, housing will continue its climb toward higher ground in 2014, but builders are still confronting several challenges that could hinder the pace of the ongoing recovery, according to economists speaking at the National Association of Home Builders (NAHB) International Builders' Show (IBS) in Las Vegas.

February 7, 2014

Las Vegas -- At last year’s International Builders’ Show, industry economists from the builders’ biggest trade group looked into their crystal balls and made forecasts for housing starts.

How did they do? Short answer: Not bad.

A little more than a year ago, HCN reported the housing start forecast from National Association of Home Builders chief economist David Crowe. Here’s how it stacked up with time and reality:

Total housing starts

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.

November 20, 2013

The National Lumber and Building Materials Dealers Association (NLBMDA) will be hosting its first-ever Dealer Networking Breakfast & Housing Forecast at the 2014 International Builders Show, taking place Feb. 5 in Las Vegas.

Attendees will have an opportunity to network as well as get up to speed with the latest housing forecast, delivered by National Association of Home Builders (NAHB) chief economist David Crowe.

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.

September 19, 2013

While housing starts for August again failed to rise above the 900,000 pace, the National Association of Home Builders celebrated the gain in single-family starts.

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.

August 14, 2013

Associated Builders and Contractors (ABC) reported a 3.9% increase in its Construction Backlog Indicator (CBI) last quarter, representing 8.2 months of backlogged work, up from 7.9 months in the first quarter of 2013.

The CBI is a metric that details the amount of commercial and industrial construction work that is currently under contract and not yet completed.

June 18, 2013

For the first time since April 2006, builder confidence surged past 50 on the National Association of Home Builders/Wells Fargo Housing Market Index released Tuesday. This benchmark indicates that builder sentiment is mostly positive regarding market conditions.

The eight-point jump to 52 in June also marked the biggest one-month gain since August and September 2002.

Any reading over 50 indicates that more builders view sales conditions as good than poor.

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.

April 8, 2013

While housing starts and building permits continue to trend higher, builder confidence, which often dovetails nicely with housing construction figures, has dipped over the last few months.

So what gives?

According to the National Association of Home Builders (NAHB), which, in conjunction with Wells Fargo, publishes the builder confidence index, waning confidence is not necessarily due to diminishing demand for new homes.

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.

February 21, 2013

An intelligent analysis of 2013 forecasts for the hardware and building material industries must begin with the recognition of a term that has entered the lexicon of economic forecasting and business predicting.

The term is "head fake."

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.