Board of Directors
Become a NAFCU Member
NAFCU Employment Opportunities
Connect with our LinkedIn page for industry insight.
Follow us on LinkedIn
Legislative & Regulatory Issues
Annual Privacy Disclosure Notices
CFPB's Qualified Mortgage Definition
Credit Union Tax Exemption
Defense Credit Union Issues
Housing Finance Reform
Member Business Lending
Regulatory Comment Letters
Legislative Policy Letters
Beltway Buzz Enewsletter
The Regulatory Affair Enewsletter
Grassroots Action Center
Keep up with the latest Capitol Hill hearings on issues affecting credit unions.
Subscribe to NAFCU Today
Regulation & Compliance
Contact the Compliance Team
CFPB Mortgage Rules Compliance
Monthly Compliance Enewsletter
Quarterly BSA Enewsletter
Book of Answers
Compliance GPS Manual
NAFCU Compliance Blog
Additional Compliance Resources
Compliance Resources Search
Compliance Certification Program
Become an NCCO
Purchase or Retake Exams
Maintaining Your NCCO
Submit Non-NAFCU Programs for Credits
NCCO Program Frequently Asked Questions (FAQs)
NCCO Compliance Support Package for State-Chartered CUs
Get an overview of RBC2 on the NAFCU Compliance Blog
Data & Research
Economic & Credit Union Industry Trends
CU Industry Trends Quarterly Report
Economic and CU Research Enewsletter
Macroeconomic Data Flash Reports
NAFCU Annual Report on Credit Unions
Credit Union Federal Tax Exemption Study
Participate in Credit Union Research Surveys
Measure Your CU Financial Performance
Credit Union Capital Management Tools
CU Data & Research Publications
Economic Data & Forecast Web Links
Get the new Economic & CU Monitor. Special topic: Data Security.
Education & Conferences
Strategic Growth Conference
Regulatory Compliance School
CEOs and Senior Executives Conference
Board of Directors and Supervisory Committee Conference
Annual Conference and Solutions Expo
Risk Management Seminar
Management and Leadership Institute
Regulatory Compliance Seminar
Online Training Center
Live and On-Demand Webcasts
Compliance Webcast & Online Training Subscription
Board of Directors and New Staff Online Training Subscription
Management and Leadership Series
Online Training Center All Access Pass
Certification & Training Certificates
NAFCU Certified Compliance Officer (NCCO) Program
Financial Literacy Training Certificate
BSA Training Certificate
Supervisory Committee Training Certificate
Credits for CPAs
Advertise & Exhibit
Learn business best practices at the CEOs and Senior Executives Conference.
Download the Brochure
About NAFCU Services
Preferred Partners A-Z
Growth and Retention
Financial and Insurance
Infrastructure and Operations
Training and Compliance
Live Webinar Schedule
NAFCU Services Blog
Become a Preferred Partner
Browse free educational resources for credit unions.
Visit the Partner Library
Existing-homes sales increased 1.3% in April
Existing-homes sales increased 1.3% in April
May 23, 2014 – Existing-home sales increased 1.3 percent nationwide in April to an annualized, seasonally adjusted 4.65 million units, according to data published by the National Association of Realtors and analyzed by NAFCU’s Doug Christman.
“While this is the first monthly sales increase in 2014, overall sales are still down on a year-over-year basis,” Christman said in a NAFCU
Macro Data Flash
. Year-over-year, existing-home sales were down 6.4 percent.
“An increase in housing inventory in April helped boost sales, as pent up housing supply was released onto the market after several months of severe winter weather,” Christman said. Existing condominium and co-op sales increased 7.3 percent in April and “contributed significantly” to the overall monthly gains, he said, while single-family home sales increased only 0.5 percent.
Sales increased in two of the four regions from March to April, rising 4.9 percent in the West and 1 percent in the South. The Northeast had no change from the previous month. Sales in the Midwest decreased 1 percent.
The months of available inventory increased to 5.9 months of supply in April from 5.1 months of supply in March. The April figure was 13.5 percent higher from a year ago.
The median existing-home price increased from a revised $196,700 in March to $201,700 (not seasonally adjusted) in April. That’s up from $191,800 a year ago but down from the summer peak due to seasonal factors.
“Home sales are expected to improve throughout the year but are likely to be lower than 2013 due to a sluggish first quarter,” Christman said.
NAFCU Macro Data Flash report
CFPB transparency, more headed for mark-up Thursday
NCUA training conference runs $1.9 million