Tag Archives: Existing Home Sales

Sales volume still low

Housing statistics for June and July 2012 were largely positive, but we still have not seen a real pickup in sales volume for more than five years. The S&P/Case-Shiller sales pair counts, NAR’s existing home sales and the US Census housing starts remain low compared to their pre-recession levels. S&P/Case-Shiller sales pairs are updated the […]

U.S. Existing Home Sales Rose 2.3% to 4.47 Million Units In July

U.S. existing home sales rose 2.3% m/m to an annualized 4.47 million unit rate in July, which was weaker than the 4.5 million units expected by consensus, but closer to our forecast for 4.45 million units. Existing home sales were up 10.4% over July 2011. Single family sales rose 2.1% m/m to a 3.98 million unit […]

U.S. Existing Home Sales Fell By 5.4% To 4.37 Million Units In June

U.S. existing home sales fell by 5.4% to an annualized 4.37 million unit rate in June, which was weaker than the 4.62 million units expected by consensus though it comes after May was upwardly revised to 4.62 million units from 4.55 million units previously. Single family sales dropped by 5.1% to a 3.9 million unit […]

Sales pair counts did not improve in April

While housing statistics for April 2012 were largely positive, we have not seen a real pickup in activity in terms of sales volume for more than five years. Both the S&P/Case-Shiller sales pair counts and NAR’s existing home sales remain low compared to their pre-recession levels. S&P/Case-Shiller sales pairs data are updated the last Tuesday […]

May Existing Home Sales Fell By 1.5% To 4.55 Million

U.S. existing home sales fell by 1.5% to 4.55 million units in May, close to the 4.58 million units expected by consensus. Existing home sales are still 9.6% above the 4.15 million pace seen last May. The 5.7% month-over-month drop in condo/coop sales explain most of the overall decline, though single-family home sales also fell […]

Existing Home Sales Rose 3.4% to 4.62 Million In April

U.S. existing home sales rose 3.4% m/m to an annualized 4.62 million units pace in April, about in line with the 4.61 million units expected by consensus. It comes after March sales were downwardly revised to a 4.47 million units pace from the 4.48 million units previously reported.  Condo/coop sales rose 6.0% m/m in April, […]

Is the pace of home sales still too low?

The volume of home sales remains low when compared to the first six or seven years of this century. Major US housing statistics, such as the S&P/Case-Shiller sales pair counts and NAR’s existing home sales, show how the number of existing home sales has slowed considerably since the beginning of the housing crisis. We update our […]

Nine Cities and Both Composites Hit New Lows in February 2012 According to the S&P/Case-Shiller Home Price Indices

S&P Indices released today the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data is through February 2012. To access click: S&P/Case-Shiller Home Price Indices – April 2012 Release

Existing home sales, activity is up but still slow

As measured by the number of closed transactions, the pace of existing home sales has slowed significantly over the past five years or so. The chart below clearly illustrates how sales first slowed down in the four years beginning in 2006 and by even more around mid-2011. The latest data are for January 2012, released […]

Existing Home Sales Fell 0.9% to 4.59 Million in February

U.S. existing home sales fell 0.9% to 4.59 million units in February, below the 4.61 million units expected by consensus. However, it comes after January was upwardly revised to a 5.7% increase to 4.63 million units (previously 4.57 million), to take away some of the sting. the 1.0% drop in single-family sales explain the overall […]

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