Existing Home Sales and Regional Fed Mfg Indices Flat

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.

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