“The National Association of Realtors reported on Wednesday that existing home sales saw an uptick in January compared with December. Existing homes sold at an annualized rate of 4.57 million units during the first month of 2012, up 4.3 percent from a downwardly revised 4.38 million-unit pace in December 2011. The January 2012 figure is also a little—0.7 percent—higher than the 4.54 million-unit sales rate of the same month in 2011.
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Architects say their business is up
The American Institute of Architects reported on Wednesday that its Architecture Billings Index remained in positive territory in January, standing at 50.9, which followed a mark of 51 in December. The index is a leading indicator for the commercial property development business, with architect participants asked whether their billings increased, decreased, or stayed the same in the month that just ended as compared to the prior month.”
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Economy Watch: Existing Home Sales Edge Up in January
Multi-Housing News
By: Dees Stribling
February 23, 2012
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http://www.multihousingnews.com/headlinenews/economy-watch-existing-home-sales-edge-up-in-january/1004049413.html