PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


ECONOMIC PULSE:
Home Sales Continue to Falter

Thursday, March 25, 2010

Comment | More

Sales of new homes declined 2.2% in February to a seasonally adjusted annual rate of 308,000, down from a revised January rate of 315,000, the Commerce Department reported.

The February rate is 13% below the rate reported for February 2009, and marks a record low for sales, based on figures dating to 1963. New-home sales have slipped for four consecutive months.

Separately, the National Association of Realtors reported that existing-home sales also declined for a third straight month in February, hitting the lowest level since July 2009.

Winter storms in parts of the country were cited as a factor in the sluggish home sales, although observers say the weather can’t be blamed entirely for the housing industry’s continued woes.

Compared to January, new-home sales in February declined in all regions except the West, where an estimated increase of 20.8% was reported. Elsewhere, estimated sales fell 20% in the Northeast, 18% in the Midwest, and 4.6% in the South.

Compared to February 2009, new-home sales were flat in the Northeast, but fell a steep 18% in the Midwest, 29.5% in the South, and 34.8% in the West.

In the report on existing-home sales, the Realtors association said sales dipped 0.6% in February from January, to a seasonally adjusted annual rate of 5.02 million units. Sales in February, however, were up 7% from the same month a year earlier.

Regionally, existing-home sales in February rose 2.4% in the Northeast and 2.8% in the Midwest compared to January. Sales declined 1.1% in the South and 4.7% in the West.

   

Tagged categories: Economy; Housing; Residential

Comment Join the Conversation:

Sign in to our community to add your comments.

Midsun Specialty Products
Stopaq 30+ Year Coatings

Use Stopaq corrosion prevention coatings on pipelines, field joints, tank chimes, structural steel and more. Learn more at www.midsunsp.com/stopaq


Elcometer, Inc.
Elcometer 266
DC Holiday Detector

Easily Finds Pinholes, Flaws & Thin Spots; Safer, More Reliable Testing; Voltage-Adjustable Keypad; Dual-Safety Switch On Handle.


NLB Corporation
Water Jets in Action

Video demo shows how
easily Vortex™ removes
coatings and more. Lawn-
mower-style water jet unit strips floors, ship decks, etc. quickly and keeps debris contained.


Abrasives Inc.
Need abrasives FAST?

Emergencies happen – who bails you out? One call to Abrasives Inc. and it's taken care of. Period. Sales support available 24/7.
800-584-7524


Advanced Recycling Systems
ADVANCED RECYCLING SYSTEMS (ARS)

Recycling Machines, Dust Collectors, Rapid Deployment units are time-tested and approved for the rugged industrial environment. Contact ARS today!
(330)536-8210


WINOA Group
W Abrasives - Surf Prep Pack

Experts in surface preparation are not working only on greens. To discover the SURF PREP PACK dedicated to experts, come to visit us during the GIFA (Hall15 - D14).


Dampney Co., Inc.
Rubber In a can!

Rubberized Spray in a
Handy Aerosol Can

• Stays flexible
• Seals off moisture penetration
• Non sagging formulation
• Will not crack, chip or peel
• Apply to wet and dry surfaces
• Paintable


Armakleen Company, The
ARMEX when nondestructive cleaning is critical

When substrates cannot be damaged ARMEX is the only choice for blast media. ARMEX is a USDA approved A-1 cleaner available in eleven formulations.


Novetas Solutions
Number 1 Crushed Glass Abrasive in America!

Manufactured from 100% Recycled Glass.
NO Crystalline Silica,
Beryllium & Arsenic
Great White Metal Finish!
4 plants on Navy QPL
Call us at 866-775-6226

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com