Quikrete Industry Dashboard: Home sales

The latest version of the Quikrete Industry Dashboard shows a slight but steady decline of existing home sales, as measured by the National Association of Realtors. For the fourth consecutive month, the seasonally adjusted annual rate of existing home sales slipped.

At the latest count: single-family home sales dropped to a pace of 5.80 million in May, down 0.9% from April’s pace.

A more optimistic take on the data: existing home sales are up more than 44% compared to the same time last year.

Elsewhere on the Dashboard, gas prices continued to hover at a national average in excess of $3 per gallon of regular. Last year at this time, a gallon of regular cost $2.14 at the pump (on average).

Good news on the Stock Roundup: All 10 ticker symbols remain ahead of last year’s prices. And also, LOW crossed the line into positive territory on a month-to-month basis – the first stock to do so in several weeks.

Coming next: The closely watched Consumer Confidence Index will be released on June 29.