Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales rose to the highest level in nearly four years in July, increasing 6.3 percent for the month and 16.4 percent over the past 12 months to a seasonally-adjusted annualized rate of 4.76 million units sold. Regionally, all areas showed positive monthly growth ranging from a 4.5 percent increase in the South to an 11.5 percent increase in the Northeast. Annually, all areas posted strong double-digit growth rates led by the Midwest, up 20.0 percent. The price of existing single-family homes ticked down for the month, falling 0.27 percent, but remains up 13.5 percent annually. Meanwhile, the available inventory of existing homes rose 3.6 percent for the month to an annualized rate of 2 million units which represents a 5.0 month supply at the current sales pace.