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.
Existing Home Sales, Existing Home Sales Inventory, Existing Home Sales Months Supply