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.

Sidewinder/Persyst Enterprises, Inc.
The Sidewinder Model M2 Solvent Recycler

Combat the rising cost of gunwash, thinners, acetone & more while drastically reducing waste disposal coat.


Termarust Technologies
Termarust (HR CSA) Chemically Stops
Active Corrosion

Pipeline Utility Aerial crossings coated since 1992. Termarust's (HR CSA) was used to overcoat lead paint and preserve cables, pipes and support towers.


Atlantic Design, Inc.
MORE THAN JUST A SALES PITCH!

Simplicity! Dependability! Safety! We’ve built these features into every cleverly engineered inch of our newest models. It’s all there. 866.Call.ADI


U.S. Zinc
Historic Reliability. Innovative Performance.

The reliable protection properties of our zinc dust help combat deterioration and corrosion in your paints and coatings. U.S. Zinc - Helping the world work™


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


Abrasives Inc.
See the difference immediately Black Magic®

Quality blast abrasive goes farther. Use Black Magic® The Tough Stuff coal slag. Cleaner, consistent, less dust. Order yours today!
Abrasives Inc. 800-584-7524


KTA-Tator, Inc. - Corporate Office
KTA-Tator EH&S Services

• Ambient & Worker Exposure Air Monitoring
• Safety & Health Program Development
• Lead Paint Assessments
& Specifications
• Health Hazard & Jobsite Safety Assessments
Call 1-800-245-6379

 
 
 
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