U.S. Existing Homes Sales Rose 2.7% In January
(For January 2011)
Sales of existing homes in U.S. rose 2.7% to 5.36 million units SAAR. Consensus was at 5.22 million.
Total housing inventory is at 3.4 million units down from 3.6 million in December. Months supply fell from 8.1 to 7.6 months.
Existing Home Sales, Existing Home Sales Inventory, Existing Home Sales Months Supply