Existing Home Sales – June 2016

By |2016-11-17T15:44:52+00:00July 26th, 2016|Categories: Leading|Tags: |

The housing sector is showing traction as existing home sales extended May's gain, rising 1.1 percent to a 5.570 million annualized rate for June which is the best of the cycle, since February 2007. Single-family sales rose a very solid 0.8 percent in the month for a plus 3.1 percent year-on-year rate with condos up 3.2 percent for a plus 1.6 percent on-year rate. The total year-on-year rate is modest but constructive at plus 3.0 percent. The [...]

Existing Home Sales – May 2016

By |2016-11-17T15:46:58+00:00June 28th, 2016|Categories: Leading|Tags: |

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 1.8 percent to a seasonally adjusted annual rate of 5.53 million in May from a downwardly revised 5.43 million in April. With last month's gain, sales are now up 4.5 percent from May 2015 (5.29 million) and are at their highest annual pace since February 2007 (5.79 million). ... Total housing inventory at the end of May rose 1.4 percent to [...]

Existing Home Sales – April 2016

By |2016-11-17T15:50:05+00:00May 24th, 2016|Categories: Leading|Tags: |

Progress in the housing market is slow but steady. Sales of existing homes rose 1.7 percent in April to a 5.45 million annualized pace and are up a very solid 6.0 percent from April last year. Prices are also up, with the median 5.0 percent higher in the month to $232,500 for a year-on-year gain of 6.3 percent. These are not earth shattering but they are at the very top of other growth rates in the economy. [...]

Existing Home Sales – January 2016

By |2016-11-17T15:57:24+00:00February 23rd, 2016|Categories: Leading|Tags: |

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, inched 0.4 percent to a seasonally adjusted annual rate of 5.47 million in January from a downwardly revised 5.45 million in December. Sales are now 11.0 percent higher than a year ago – the largest year-over-year gain since July 2013 (16.3 percent). Price data are soft which points to discounting. The median price fell 4.2 percent to $213,800 with the year-on-year rate [...]