News in end use


Pending Home Sales Increase 8.8% in August – New Record High

The National Association of Realtors® (NAR) is reporting that their Pending Homes Sales Index (PHSI), which is based on signed real estate contracts, not actual closings, for existing single-family homes, condos, and co-ops, increased 8.8% in August to a reading of 132.8 – a record high.

Home Listing for New Construction Dropped 4% in August

According to the latest report from Redfin, a technology-powered residential real estate company, based in Seattle Washington, new listings of newly-built homes dropped -4.1% year over year to a seasonally-adjusted rate of 74,000 in August, reversing course after a 3.8% gain in July.

U.S. Consumer Sentiment Rises to Six-Month High

According to the University of Michigan’s preliminary Sentiment Index for September, U.S. consumer sentiment increased more than expected reaching a six-month high as more Americans were upbeat about the economy’s prospects.