Data from the National Association of Realtors forecasts that existing home sales are set to hit the highest mark since 2006, HousingWire reports.
The association’s chief economist, Lawrence Yun, said in his mid-year forecast last week that he expects home sales to end up around 5.3 million in 2015, a significant increase from 4.9 million sales in 2014.
The Canadian market also saw a surge in existing home sales this spring. According to Reuters, sales of existing homes in Canada rose in April from March, and sales activity grew 2.3 percent.
According to the NAHB, a strong existing home sale sector is good news or remodelers. The association is forecasting a 2.3 percent growth for remodeling spending this year.
Read more on HousingWire.
Related Stories
3 Areas Successful Remodelers Focus On
Industry advisor Mark Richardson shares what separates the losing from the winning in today’s market
Peppermill Finish
10 Different Questions You Should Ask Potential Clients
Mark Richardson says you need to rethink the questions you ask potential clients and the way in which you ask them
Pro Remodeler’s 2024 Pinnacle Experience Reaches New Heights
The sold-out event covered leadership, lead gen, sales, and technology
Brian Gottlieb Receives Remodeling Mastery Award
Presented by industry icon, Mark Richardson, the award celebrated Gottlieb’s extraordinary impact on remodeling
5 Counterintuitive Strategies to Improve Your Business
Follow these strategies to inspire employees, instill trust, and beat the competition
10 Remodeling Sales Techniques for 2024
Mark Richardson explains the benefits of visual selling, strategic questioning, intentional messaging, and more on this episode of Remodeling Mastery
3 Ways to Start and Operate a Successful Handyman Division
So, you want to start a small projects division? Three successful remodelers lay out their winning approaches and hard-learned lessons
6 Results-Proven Marketing and Sales Tips for Contractors
The Pinnacle Experience’s keynote speaker, author of "They Ask, You Answer" offers results-driven tips contractors can start today for improved leads
How to Get More Leads with a Stronger Remodeling Brand
Discover how to build a strong brand for your construction company, and learn key strategies to differentiate and attract better leads