Housing

Transaction volume slowed in the existing homes market during the month of August 2017 according to the National Association of Realtors.  Declining 1.7 percent, there were 5.35 million units sold on an annualized basis, down from 5.44 million in July.  Compared to a year earlier, transactions gained just 0.2 percent, the slowest pace since August 2016.

Transaction volume slowed in the existing homes market during the month of August 2017 according to the National Association of Realtors.  Declining 1.7 percent, there were 5.35 million units sold on an annualized basis, down from 5.44 million in July.  Compared to a year earlier, transactions gained just 0.2 percent, the slowest pace since August 2016.

Existing home sales paralleled the new home market’s weakness in July 2017 according to data from the National Association of Realtors.  The sales pace declined 1.3 percent to 5.44 million units as the second half of this year started.  This decline follows June’s downwardly revised tally of minus -2.0 percent (originally -1.8 percent).  Notwithstanding the recent wea

New homes sales were weak in July 2017 according to data from the Census Bureau.  Signed contracts declined to 571,000 on an annualized basis, falling 59,000 units.  However, there were substantial upgrades to the prior two months’ tallies adding a combined 30,000 to May and June.  Notwithstanding the upgrades to the prior periods, July’s figure is the worst of the ye

Sales of new homes improved slightly in June 2017 according to data from the Census Bureau.  Signed contracts totaled 610,000 on an annualized basis, an uptick of 5,000 compared to May’s downwardly revised tally (originally 610,000 as well).  Additionally, the year-over-year figure improved to 9.1 percent from 8.0 percent a month earlier, so the upward trend appears to be firmly

Sales of existing homes dipped in June 2017 according to the National Association of Realtors. Declining 1.8 percent, this latest month gave back all of May’s uptick and then some. Coming in at 5.62 million units, June’s tally is the second lowest of this year, better than only February’s count of 5.47 million.