The June Pending Home Sales Index from NAR is up 10.9 percent over last year, marking 26 straight months of increases.
(Month-to-month the number is down, but that doesn’t matter as much. In fact, the monthly figures have been up in odd-numbered months and down in even-numbered months since last December. Translation: Who cares?)
The southern region didn’t do quite as well; we were up only 9.5 percent over 2012. Still, quite a nice showing as the recovery continues.
Oh, and adding to the good news, new-home sales have also been up year-to-year for 21 straight months, and in 24 of the last 25 months.