Keeping you up to date on the latest data releases.
- Existing Home Sales
January sales of existing single-family homes rose to a seasonally-adjusted 4.05 million annualized units sold—the highest level since May 2010. This represents a 3.8 percent increase from December and 2.3 percent increase from January 2011. The median sales price of existing single-family homes fell 2.6 percent from last January to $154,400—the lowest level since October 2001. Inventories had an uptick of 1.5 percent from December to a level of 2.06 million units available for sale, while the monthly supply of available single-family homes fell 3.2 percent from December to a 6.1 month supply at the current sales pace—the lowest level since April 2006. Unseasonably warm weather throughout the country likely helped to boost the upward trend of existing single-family sales, however record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents were also strong contributing factors.