U.S. Existing Homes Sales Rose 3.7% In March
(For March 2011)
Sales of existing homes in U.S. rose 3.7% to 5.1 million units SAAR. Consensus was at 5.0 million.
Total housing inventory is at 3.6 million units up from 3.5 million in February. Months supply fell from 8.6 to 8.4 months.
Existing Home Sales, Existing Home Sales Inventory, Existing Home Sales Months Supply