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NAHB says latest housing inventory data points toward better days
With new and existing single-family home sales on the rise for the fourth consecutive month in June, realtors may be getting downright giddy. The National Association of Home Builders (NAHB), Washington, D.C., says in its “Eye on the Economy email newsletter that the news gets even better. Says NAHB, “In an even more upbeat sign of a budding recovery, the inventory of new single-family homes for sale has fallen to 271,000, its lowest level since March 1993. Inventories have been falling for 27 months from a peak of 572,000 homes for sale in July 2006. A higher sales rate and lower inventory reduced July’s supply of housing to 7.5 months, down from 8.5 months in June. The months’ supply measures how long it would take to sell the current inventory of homes based on the month’s sales rate. As recently as January, this measure stood at an all-time high of 12.4 months.
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Electrical Marketing's LiveWire brings you breaking news, on-the-fly analysis and running commentary about the electrical products marketing channel from the editors of Electrical Marketing.
Industry Calendar
June 3-6
Windpower 2012
Atlanta; American Wind Energy
Association (AWEA); 202-383-2500, www.windpowerexpo.org
July 11-12
NAED Congressional Fly-In
Washington, D.C.; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
July 19-21
NAED 2012 Lead Conference
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
August 20-22
NAED 2012 AdVenture
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
.... More events and information
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Industry Calendar
September 12-15
NECA Trade Show: Seattle; National Electrical Contractors Association, 301-657-3110,
www.necanet.org
September 22-24
IDEA E-Biz Forum 2009: Tucson, Ariz.; IDEA, 866-479-0484, www.idea-esolutions.com
October 14-17
AHTD Fall Meeting: Hilton Head, S.C.; Association for High-Technology Distribution, 800-488-4845, www.ahtd.org
October 17-19
IMARK National Meeting: San Antonio, Texas; IMARK, 301-567-8888;
www.imarkgroup.com
October 19-22
Solar Power 2009: San Jose, Calif.; Solar Energy Industry Association, 866-229-2386,
www.solarpowerconference.com
October 26-29
A-D Electrical Supply Division North American Meeting: Dallas; Affiliated Distributors, 610-977-3100,
mya-d.net
November 4-7
NAED Eastern Region Conference: New Orleans; NAED, 888-791-2512, www.naed.org
November 11-13
GreenBuild 2009: Phoenix; U.S. Green Building Council, 800-795-1747, www.usgbc.org
November 13–14
NEMA Annual Meeting/Illuminations Weekend
Scottsdale, Ariz.; National Electrical Manufacturers Association, 703-841-3200, www.nema.org/events |
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