Pending home sales increased 3.4% in March. Month over month, contract signings increased in the Northeast, South and West but dropped in the Midwest. “March’s Pending Home Sales Index – at 78.2 – marks the best performance in a year, but it still remains in a fairly narrow range over the last 12 months without a measurable breakout,” said NAR Chief Economist Lawrence Yun. “Meaningful gains will only occur with declining mortgage rates and rising inventory.” NAR forecasts 4.46 million existing-home sales in 2024, a 9% increase from 2023.
Pending home sales increased 3.4% in March. Month over month, contract signings increased in the Northeast, South and West but dropped in the Midwest. “March’s Pending Home Sales Index – at 78.2 – marks the best performance in a year, but it still remains in a fairly narrow range over the last 12 months without a measurable breakout,” said NAR Chief Economist Lawrence Yun. “Meaningful gains will only occur with declining mortgage rates and rising inventory.” NAR forecasts 4.46 million existing-home sales in 2024, a 9% increase from 2023.
MAPEI announced that the No. 98 MAPEI/CURB Honda will be driven by racing icon Marco Andretti at the Indianapolis 500. “Our sponsorship of the Andretti team and participation in the Indy 500 reflect our dedication to pushing boundaries and achieving success, both on and off the track,” said Luigi Di Geso, MAPEI Corporation’s president and CEO.
FCICA, in cooperation with ARDEX Americas, is accepting applications for the Bruce Newbrough Memorial Scholarship for the Certified Installation Manager Program. The scholarship is valued at $1,225 and will enable a flooring pro to complete the Certified Installation Manager (CIM) Program. The deadline to submit scholarship applications is June 30, 2024. The online application is available here.
