Existing-home sales ease more than forecast to 5.2 million

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Existing home sales jumped to an annualized rate of 5.510 million units in February, besting our above-consensus forecast of 5.460 million units. February’s sales rate is the best since March 2018 and marks an 11.8 percent increase from January’s sales rate. Where you see the real strength in February existing home sales, however, is in the raw

Yun is forecasting housing starts to come in around 1.1 million this year and reach 1.4 million in 2016, which he said is still below the 1.5 million needed each year to keep up with the underlying demand. New-home sales are likely to total 570,000 this year, and increase to 720,000 next year.

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Housing Bubble 2.0 - Existing Home Sales Tumble - SoCal Builder Bets Busted Investing.com – U.S. existing home sales rose more than expected in November, bolstering optimism over the health of the housing market, according to a report released on Wednesday by the.

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

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Economists forecast home sales at a 4.1 million pace, according to the median of 72 projections. The unemployment rate will average more than 9 percent through 2011, according to economists.

The research experts of the remodeling market-economists from universities and associations, building product executives and others-gathered for two days last month to examine the outlook for remodeling and home improvement activity. It was the annual Home Improvement Research Institute (HIRI) summit.

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 · Between 2010 and 2030, Florida’s population is forecast to grow by over 5.2 million persons. Florida’s older population (age 60 and older) will account for most of Florida’s population growth, representing 57.6 percent of the gains. Florida’s younger population (age 0-17) will account for 13.3 percent of the gains,

Sales of town homes, condos, co-ops and single-family houses, rose 1.9 percent to an annual rate of 5.3 million units after seasonal adjustment. Economists had forecast a slight decrease to 5.2 million.