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.

, ,

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.

Comments are closed.

 

Get Adobe Flash player