U.S. Existing Home Sales Fell 5.1% In June

U.S. Existing home sales fell 5.1% to 5.37 million units SAAR. Consensus was at 5.1 million.

Total housing inventory is at 4.0 million units vs. 3.9 million units in May

Months supply rose from 8.3 to 8.9 months.

Chart 1. Existing Home Sales

Source: NAR

Chart 2. Existing Home Sales Inventory & Existing Home Sales Months Supply SAAR

Source: NAR

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This entry was posted on Friday, July 23rd, 2010 at 2:42 am and is filed under U.S. Housing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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