Quikrete Industry Dashboard
Upward trajectory for housing metrics, gas prices dip a few pennies.
The latest, updated version of the Quikrete Industry Dashboard features a pleasant trifecta – all three housing industry charts are trending up.
After a strong December housing starts report from the Commerce Department, the National Association of Realtors reported a 3.6% increase for December in total existing home sales.
Lawrence Yun, NAR’s chief economist, said home sales fluctuated a great deal last year. “I view 2019 as a neutral year for housing in terms of sales,” Yun said. “Home sellers are positioned well, but prospective buyers aren’t as fortunate. Low inventory remains a problem, with first-time buyers affected the most.”
On a full-year basis, total existing-home sales ended at 5.34 million, the same level as in 2018.
Elsewhere on the dashboard, the Stock Roundup shows big year-over-year gains, none bigger than BLDR’s 113% annual growth.
Gas prices dropped three cents compared to a week ago, resting now at a national average of $2.53 for a gallon of regular.
The Conference Board will release the Consumer Confidence Index Tuesday, Jan. 28.
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