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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessFeb existing home sales surge 11.8% to......>
US DATA: Feb existing home sales surge 11.8% to 5.51m saar (-1.8% y/y), well
above 5.10m BBG and MNI expected. Jan sales rev down slightly.
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- Q1 sales average now above Q4 average
- Sales were +13.3% for single-family homes and unch for condos.
- Sales up in MW (+9.5%), South (+14.9%) and West (+16.0%), unchanged in NE.
- The supply of homes +2.5% to 1.63m, +3.2% y/y. The months supply slipped to
3.5 months from 3.9 months in Jan, slightly ahead of the 3.4 months supply a
year ago.
- The median sales price ticked up in Feb to $249,500, +3.6% from a year
earlier.
- NAR's Yun noted lower interest rates, more inventories, stronger wage growth.
- Feb sales jump largest since Dec 2015, well outside normal range of gains
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.