Sales Of Existing Homes In U.S. Rose 10.0% In September

(For September 2010)

Sales of existing homes in U.S. rose 10.0% to 4.53 million units SAAR. Consensus was at 4.3 million.

Chart 1. U.S. Existing Home Sales

Total housing inventory is at 4.04 million units down from 4.12 million in August. Months supply fell from 12.0 to 10.7 months.

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

Reversion to the mean. This could be level where existing home sales will stabilize.

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This entry was posted on Monday, October 25th, 2010 at 8:13 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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