Existing Home Sales Rise in November; Purchases Since 2007 Revised Down

Existing home sales rose 4% in November to an annual rate of 4.42 million homes, but sales figures since 2007 were revised down, the National Association of Realtors said Wednesday.

The median price of existing homes fell 3.5% in November from a year ago, to $164,200.

Sales increased in all four national regions, led by a 9.8% gain in the Northeast.

The group also reported existing home sales for 2010 were revised down by 15% to 4.19 million, from 4.91 million.

Purchases were also revised down by 16% for 2009, 16% for 2008 and 11% for 2007.

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November Truck Tonnage Rises 6% in Biggest Gain Since June

Tom Biery/Trans Pixs

Truck tonnage rose 6% in November from a year ago, the biggest increase since June, American Trucking Associations said Wednesday.

The increase rounds out two years of consecutive year-over-year growth, and followed a 5.7% increase in October. In June, tonnage rose 6.5% year-over-year.

On a monthly basis, November tonnage was 0.3% higher than October, ATA said in its monthly seasonally adjusted for-hire truck tonnage report.

That followed a revised 0.4% month-to-month gain that had originally been reported as a 0.5% increase.

The seasonally adjusted index for November came in at a reading of 116.6, up from 116.3 in October.

The not seasonally adjusted index, which measures actual tonnage, slipped 2.6% to a 115.3 reading.

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US truck tonnage edges higher in November

ARLINGTON, Va. -- US truck tonnage rose 0.3% in November after rising a revised 0.4% in October, according to the most recent figures from the American Trucking Associations. October's increase was slightly less than the 0.5% gain ATA previously reported.  

Compared with November 2010, seasonally-adjusted tonnage was up 6.0%, the largest year-over-year gain since a 6.5% increase in June. In October, the tonnage index was 5.7% above a year earlier. Year-to-date, compared with the same period last year, tonnage is up 5.4%.
"As I said last month, tonnage levels continue to point to an economy that is growing, not sliding into a recession," said ATA chief economist Bob Costello. "Over the last three months, tonnage is up 2.3% and stands at the highest level since January of this year.
"Two primary factors have helped truck tonnage in recent months. First, manufacturing output, which generates a significant amount of truck freight, has generally been increasing. Second, retail inventories are very lean, which is helping freight as well since retailers don't have much excess stock and need to replenish when sales go up."

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November Automobile Sales Increase

Chrysler Group LLC and Nissan Motor Co. led automakers in U.S. November sales gains as the industry headed for its best sales pace this year, Bloomberg reported.

Chrysler’s deliveries rose 45% to 107,172 cars and light trucks, while Nissan’s sales gained 19% to 85,182, Bloomberg said.

Ford Motor Co. deliveries rose 13% to 166,441, and General Motors Co. sales increased 6.9% to 180,402 for the month.

U.S. light-vehicle sales were on track to exceed a 13 million annual rate for a third straight month as Toyota Motor Corp. and Honda Motor Co. inventories recover from Japan’s tsunami in March, which disrupted auto-parts supply and vehicle output, Bloomberg said.

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Truckstop News, November 2011 issue

andystewart | Digital Editions, Truckstop News | 17/10/2011 12:20pm
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Welcome to the FREE November 2011 issue of Truckstop News. All pages of the paper are available to download right here.To view a page, simply click one of the images below. You can then use your keyboard’s cursor keys or click the arrows to flick through the pages.

(Please note the page must load completely before you click on an image, otherwise the viewer may not load correctly.)

This entry was posted on Monday, October 17th, 2011 at 12:20 pm and is filed under Digital Editions, Truckstop News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a comment, or trackback from your own site.

Tags: 2011, 290, digital edition, november, Truckstop News

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