Posts Tagged Existing Home Sales
Sales Of Existing Homes In U.S. Fell 27.2% In July
Posted by Belisarius in U.S. Housing on August 24, 2010
Sales of existing homes in U.S. fell 27.2% to 3.83 million units SAAR; the lowest reading since 1996. Consensus was at 4.65 million.
Total housing inventory is at 4.0 million units vs. 3.9 million units in June. Months supply rose from 8.9 to 12.5 months; all-time high.
Chart 1. U.S. Existing Home Sales
Source: NAR
Chart 2. U.S. Existing Home Sales Inventory & U.S. Existing Home Sales Months Supply SAAR
Source: NAR
U.S. Existing Home Sales Fell 5.1% In June
Posted by Belisarius in U.S. Housing on July 23, 2010
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
Existing Home Sales Fell 2.2% In May
Posted by Belisarius in U.S. Housing on June 22, 2010
Existing home sales fell 2.2% to 5.66 million SAAR. Consensus was at 6.2 million. A big miss.
Total housing inventory is flat at 8.3 months cover.
Chart 1. Existing Home Sales
Source: NAR
Existing Home Sales Rose 7.9% In April
Posted by Belisarius in U.S. Housing on May 24, 2010
Existing home sales rose 7.9% to 5.77 million SAAR. Consensus was at 5.6 million. Again, the first home buyer tax credit expiring.
Supply jumped 11.5% to 8.4 months cover.
Chart 1. Existing Home Sales
Source: NAR
Existing Home Sales Rose 6.8% In March
Posted by Belisarius in U.S. Housing on April 23, 2010
Existing home sales rose 6.8% in March and reached seasonally adjusted annual rate of 5.35 million units vs. 5.25 million units consensus and 5.02 prior reading.
Chart 1. Existing Home Sales
Source: Blytic.com
Existing Home Sales Fell 0.6% In February
Posted by Belisarius in U.S. Economic Data, U.S. Housing on March 23, 2010
Existing home sales fell 0.6% to 5.02 million SAAR. Consensus was at 5.0 million.
Chart 1. Existing Home Sales
Source: NAR
Existing Home Sales Take A Plunge In January
Posted by Belisarius in Markets, U.S. Housing on February 26, 2010
Existing home sales fell 7.2% to 5.050.000 million SAAR. Consensus was at 5.500.000 million. An ugly number, detoriation in U.S. housing continues.
Chart 1. Existing Home Sales
Source: NAR
Existing Home Sales Fall
Posted by Belisarius in U.S. Housing on January 25, 2010
Existing home sales fell 16.7% in December.
Chart 1. Existing Home Sales
Source: NAR
U.S. Housing – Strenght or a Relapse?
Posted by Belisarius in Markets, U.S. Housing on November 23, 2009
Existing Home Sales came at level of 6.2 million vs. 5.7 million consensus and 5.6 million level the month before. Positive figure courtesy of late extension of first time home buyer tax credit (closing required by November) and record low mortgage rates.
Chart 1. Existing Home Sales
Source: Econoday
Looking back to the last’s week housing data it appears that the odds in favor of a relapse increased. Firstly, the National Association of Home Builders Housing Market Index was unchanged at 17 in November (the October figure was revised from 18 to 17). Looking at the graph, a clear gap between expectations component and the current components.
Home Sales And Government Incentives
Posted by Belisarius in Markets on October 23, 2009
Markets ended lower despite existing home sales data (thanks to tax credit and seasonal adjustment looking exceptionally good) which came at 5.57 million at annual rate vs. 5.35 consensus and 5.1 in August. Blomberg story: U.S. Economy: Existing Home Sales Surge on Rush for Tax Credit. Median home price fell 1.4% on monthly level despite reduced share of distressed sale of 29% versus 50% levels earlier this year. The question here is weather we will see cash-for-clunkers winding down effect here or extension of the program. My guess is extension of some kind.
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