Existing Home Sales (December 2012)
– Existing Home Sales (seasonally adjusted, annualized rate) 4,940,000. Previous was revised down to 4,990,000.
– Year/Year was +12.88.
Total housing inventory at the end of December fell 8.5% to 1,820,000 existing homes available for sale, which represents a 4.4 month supply at the current sales pace.
Chicago Federal Reserve National Activity Index (December 2012)
– Index Level +0.02. Previous was +0.10.
– 3-Month Average -0.20.
Any reading above 0 indicates growth.
Richmond Federal Reserve Manufacturing Index (January 2013)
– Index Level Change -12. Prior was +5.
The two Fed reports are negative for manufacturing.