According to the National Association of Realtors (NAR), existing-home sales rose 1.0% in December from the month before. The NAR also stated that the sale of existing-homes was 9.1% higher in 2013 than in 2012. This would bring completed transactions up to 5.09 million for the year, the highest rate since 2006.
It looks like it’s getting easier for small businesses to attain credit. According to a recent survey released by the National Federation of Independent Business, only 4% of small business owners stated that their credit needs were not met in December. Businesses stating that their credit needs were met reached 32%, which is one of the highest rates since the end of the financial crisis.
In November, sales of newly built, single-family homes reached its strongest sales pace since July 2008. That’s not the only good news – inventory of new home sales went down in the same month, an important indicator of future housing demand.
According to the National Association of Realtors (NAR), December of last year saw the highest rate of existing-home sales in seven years. This category increased by 1.0% in that month, which brings the seasonally adjusted rate up to 4.87 million units for December.
RISMedia is reporting that recent data is showing vast improvement in the housing market for 2013, and 2014 will probably be even better. Data was taken from a variety of national housing experts and it shows good things to come. Here is some of the information that has industry insiders excited:
According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), America’s homebuilders are positive about the housing market. The index had a 58 reading in December, and anything above a 50 is seen as positive.
The national job market is getting a lot of help from small businesses and franchises. Franchise businesses alone had a 2.6% rise in job hirings last October. The rest of the private sector had a 1.8% rise over the same month. Because of this growth, franchise job opportunities were higher than the rest of the private sector over the entirety of 2013.
According to the National Association of Home Builders (NAHB), there was a 2.1% rise in the sale of newly built, single-family homes in November of last year. This is the strongest month for sales, besides October of 2013, since July 2008.
Housing production saw some big increases in November. In both the single-family and multifamily starts categories, there was over 20% growth for production.
November saw the stabilization of and an increase in national pending home sales. The Pending Home Sales Index is put out by the National Association of Realtors (NAR) to gauge pending home sales throughout the U.S. There was a 0.2% gain in November according to the index.