Keeping you up to date on the latest data releases.
- Existing Home Sales
Preceded by a sharp downturn in February, existing single-family home sales and prices in March were up 4.0 and 2.3 percent, respectively. The pace of sales is also up to a seasonally adjusted annualized rate of 4.4 million units, while the inventory of existing single-family homes is up 0.7 percent to 3 million units. Across all four census regions the South posted the strongest sales gains of 8.6 percent, followed by the Midwest up 2.1 percent, the Northeast up 1.0 percent, and West remaining even with February’s sales. Compared to March 2010, however, sales and prices are down 6.5 and 5.3 percent nationally, indicating that while the national recovery is gaining momentum, the housing market still remains rather uneven.