US new home sales surge to fastest pace since 2006 as housing market shines through pandemic

Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. U.S. new home sales fell 4.4% in February with bigger declines expected in coming months as the coronavirus puts a major crimp on home sales. (AP Photo/Keith Srakocic)


  • Sales of new US homes accelerated by 4.8% to an annual rate of 1 million units in August, the Census Bureau reported Thursday.
  • That pace is the highest since 2006 and marks four consecutive months of increasing sales.
  • The agency’s estimate of new homes for sale fell to 282,000, reflecting 3.3 months of supply at the current pace of sales. That’s the shortest period in data going back to 1963.
  • Though the housing market has been one of the few bright spots in the virus-rattled economy, some fear dwindling supply will soon halt the sector’s rally.
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New home sales surge to highest level since before the Great Recession, as buyers are pushed into the construction market

The numbers: Sales of new single-family homes in August exceeded an annual rate of 1 million for the first time since 2006, as buyers were forced into the market for newly-constructed properties thanks to the dearth of home listings.

New home sales occurred at a seasonally-adjusted, annual rate of 1.011 million, the Census Bureau reported Thursday. That represents a 4.8% increase from an upwardly-revised pace of 965,000 homes in July. Compared with last year, new home sales are up 43%.

Economists polled by MarketWatch had expected home sales to drop to median pace of 900,000.

What happened: Not all parts of the country saw an uptick in sales despite the historically high rate nationally. New home sales fell 21.4% in the Midwest and 1.7%. Comparatively, the South saw the biggest increase in sales with a 13.4%, which sales volumes rose by 5% in the Northeast.

The median sales price in

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Home Improvement Products Market Size Analysis: Growth Factors, Share by Regional Production, Revenue and Regional Trends with Key Players to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 07, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global “Home Improvement Products Market” trend report 2020 highlights key points of market growth and dynamics of the Home Improvement Products industry in upcoming years. The research report provides geographical analysis based on Home Improvement Products market size. This report provides in-depth information of top key players, types, and applications on the basis of Home Improvement Products market share. The report contains industry overview, definition, specifications, manufacturing cost structure analysis, raw material and suppliers, RandD status, and technology source.

Get a Sample Copy of the Report at –https://www.industryresearch.co/enquiry/request-sample/14629149

The report provides a basic overview of the Home Improvement Products industry including its definition, applications, and manufacturing technology. Deep analysis of Home Improvement Products market status, enterprise

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Hardware & Home Improvement Retailers Market Rising Trends and Huge Business Opportunities 2020 to 2025

The MarketWatch News Department was not involved in the creation of this content.

Aug 31, 2020 (Market Insight Reports) —
Global Hardware & Home Improvement Retailers Market Size, Status and Forecast 2020-2025

The Hardware & Home Improvement Retailers Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

This report studies the Hardware & Home Improvement Retailers market, Hardware stores (in a number of countries, “shops”), sometimes known as DIY stores, sell household hardware for home improvement including: fasteners, building materials, hand tools, power tools, keys, locks, hinges, chains, plumbing supplies, electrical supplies, cleaning products, housewares, tools,

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Smart Home Appliances Market Size Worth $92.72 Billion By 2027: Grand View Research, Inc.

SAN FRANCISCO, Sept. 23, 2020 /PRNewswire/ — The global smart home appliances market size is anticipated to reach USD 92.72 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.1% from 2020 to 2027. The market is likely to witness significant growth in the years to come on account of the growing geriatric population, improved M-2-M communication systems, new product development, and improvements in the Internet of Things (IoT).

Technology is responsible for providing effective energy saving solutions, which are backed by various initiatives and favorable reforms undertaken by the government bodies in developed regions, including Europe and North America. High-end devices, coupled with technologically advanced features, such as IP and Bluetooth, render a large proportion of the overall population with unaffordable technology, which, in turn, is expected to drive demand.

Key suggestions from the report:

  • By
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Do-it-Yourself Home Improvement Retailing Market in Europe| Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic| Technavio

Lumber and landscape management to contribute the largest market share in the do-it-yourself home improvement retailing market in Europe

The do-it-yourself home improvement retailing market in Europe to register an incremental growth of USD 25.41 billion, witnessing a CAGR of almost 3% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the do-it-yourself home improvement retailing market in Europe in optimistic, probable, and pessimistic forecast scenarios.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200915006088/en/

Technavio has announced its latest market research report titled Do-it-Yourself (DIY) Home Improvement Retailing Market in Europe 2020-2024 (Graphic: Business Wire)

Get detailed insights on COVID-19 pandemic Crisis and Recovery analysis of do-it-yourself home improvement retailing market in Europe. Download free report sample

The do-it-yourself home improvement retailing market in Europe will witness a Negative and Inferior impact during

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Residential Remodeling Estimating Software Market May See a Big

Residential Remodeling Estimating Software Market

Residential Remodeling Estimating Software Market report gives a thorough analysis of this dynamic focus of this market with a secondary search. The report sheds light on the Residential Remodeling Estimating Software forecast, share, demand, development patterns, and also their current industry size. The Residential Remodeling Estimating Software report forecast for the next several years and examines the historical data. The analysis assesses that the plan patterns embraced by major players that are dominant and studied by the Residential Remodeling Estimating Software industry size. The report estimates how big this market is concerning revenue for the forecast period. Loopholes are ascertained using resources, and stocks are figured, such as by the info, divides, and also checked through primary sources and secondary sources.

This Residential Remodeling Estimating Software Market Research Report includes market value was estimated thinking about the regional and application sections, market share, and size.

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COVID-19 Recovery Analysis: Ceramic Sanitary Ware Market | Increasing Expenditure on Bathroom Remodeling to boost Market Growth

TipRanks

Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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UK Home Improvement Market Report 2020: Analysis of the Impact of Covid-19 and Future Implications

TipRanks

These 2 Penny Stocks Could Rally All the Way to $11, Says Cantor

Is more volatility on tap for stocks? Following a three-week losing streak, the longest in about a year, all eyes are on the market. The three major U.S. stock indexes have struggled for the last few weeks as the titans of tech, which have fueled the charge forward from COVID-induced lows, came under pressure due to overheated valuations, with market watchers waiting to see how renewed lockdown fears will come into play.So, what’s the bottom line for investors? Even though uncertainty remains as Wall Street gears up for the fourth quarter, the pros are pounding the table on a select few names, noting that these tickers boast strong long-term growth narratives.Bearing this in mind, our focus shifted to two penny stocks backed by investment firm Cantor. Major gains could be in store, as the firm’s analysts

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Home Improvement Products Market In-Depth Analysis including key players Home Depot, LoweaEUR(TM)s, Inside Tweedy and Popp Hardware

The MarketWatch News Department was not involved in the creation of this content.

Sep 22, 2020 (Market Insight Reports) —

JCMR Recently announced Global Home Improvement Products Market Report is an objective and in-depth study of the current state aimed at the major drivers, market strategies, and key players growth. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a universal and local scale. The structured analysis contains graphical as well as a diagrammatic representation of worldwide Home Improvement Products Market with its specific geographical regions including following key players Home Depot, LoweaEUR(TM)s, Inside Tweedy and Popp Hardware, Ace Hardware, Rona, Canadian Tire, Homebase, Wickes, Bauhaus, Bricostore, Praxis, Alibaba, EBay, Amazon, Bunnings Warehouse , .

[Due to the pandemic, we have included a special section on the Impact of

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