U.S. Existing Homes Sales Fell 9.6% In February
(For February 2011)
Sales of existing homes in U.S. fell 9.6% to 4.88 million units SAAR. Consensus was at 5.12 million.
Total housing inventory is at 3.5 million units up from 3.4 million in January. Months supply rose from 7.5 to 8.6 months.
Existing Home Sales, Existing Home Sales Inventory, Existing Home Sales Months Supply