Free Trial

February Existing Home Sales................>

US DATA
US DATA: February Existing Home Sales
-------------------------------------------------------------------------------
- Sales surge to 5.51m saar vs 5.10m BBG and MNI expect. 
- Jan rev down slightly, marking the third straight decline.
- Feb homes sales still down 1.8% Y/Y. 
- Q1 sales average up from the Q4 average.
- Sales were +13.3% for single-family homes and unch for condos. 
- Sales up in MW, South, West; flat in NE. 
- The supply of homes +2.5% to 1.63m (+3.2% y/y); 3.5 month supply vs 3.9 Jan. 
- The median sales price rose in Feb to $249,500, +3.6% from a year earlier. 
- NAR's Yun noted lower interest rates, more inventories, stronger wage growth

To read the full story

Close

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.