Sales Of Existing Homes In U.S. Fell 2.2% In October
(For October 2010)
Sales of existing homes in U.S. fell 2.2% to 4.43 million units SAAR. Consensus was at 4.5 million.
Chart 1. U.S. Existing Home Sales
Total housing inventory is at 3.9 million units down from 4.0 million in September. Months supply fell from 10.6 to 10.5 months.
Chart 2. U.S. Existing Home Sales Inventory & U.S. Existing Home Sales Months Supply SAAR
Stuck at bottom…
Existing Home Sales, Existing Home Sales Inventory, Existing Home Sales Months Supply