July’s existing home sales rose to a rate of 5.24mn, compared to the previous months rate of 4.89mn homes, and a consensus forecast of 5.00mn. This is the biggest monthly gain since 1999. The inventory of new homes remained unchanged at 9.4 months. The median price for existing home was down 2.0% during the month, […]
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existing home sales
This week will provide us with our first peak into this month’s manufacturing and housing sector data with Monday’s Empire State Manufacturing Survey and NAHB/Wells Fargo Housing Market Index. They will be followed up later in the week with the Philly Fed manufacturing survey, and both housing starts and existing home sales on the housing […]
US existing home sales came in above the market consensus, rising 3.6% at an annualized rate of 4.89mn. Single family home sales increased by 2.4%, while condo/coop sales increased 14.0%. The months supply of home also improved moving to 9.4 months, compared to 9.8 in May. The median home price rose 4.1%, but still remains […]
After last week’s barrage of economic data, this week is relatively light. The few exceptions will be Monday’s leading indicator release, Thursday’s jobless claims and existing home sales data, and Friday’s consumer sentiment report. This week’s claims data will likely take on added importance as the market tries to decipher the impact early auto plant […]