Existing Home Sales Fell 2.2% In May
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
Global Macro Perspectives
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