Sales Of Existing Homes In U.S. Rose 7.6% In August

(For August 2010)

Sales of existing homes in U.S. rose 7.6% to 4.13 million units SAAR. Consensus was at 4.1 million.

Chart 1. U.S. Existing Home Sales

Source: NAR

Total housing inventory is unchanged from July at 4.0 million units. Months supply fell from 12.5 to 11.6 months.

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

Source: NAR

Existing home sales in July were depressed by first home-buyer tax credit program expiration. Bounce after that seems quite weak. Moths of supply still mighty high.

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This entry was posted on Thursday, September 23rd, 2010 at 8:27 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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