Quikrete Industry Dashboard: Inventory issues

Inventory restraints weigh heavy on existing home sales
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The latest version of the Quikrete Industry Dashboard reflects new industry data on existing home sales, as well as the latest on Wall Street and the AAA’s gas price reading.

Existing home sales for March, as reported by the National Association of Realtors, fell 3.7% from the previous month. 

“The sales for March would have been measurably higher, had there been more inventory," said NAY Chief Economist Lawrence Yun. "Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising."

Elsewhere on the Dashboard, stock prices for a handful of companies continue to show triple-digit year-over-year gains. The leaders are BLDR, BECN, DE, LOW and WY – all have more than doubled since last year, while SWK and TSCO are up more than 90%. 

Gas prices are holding steady at $2.89 per gallon of regular, according to the AAA. 

Coming next: The Conference Board will release the closely watched Consumer Confidence Index for April on April 27.