THE BASIS POINT

Existing Home Sales up.

 

Existing Home Sales (April 2016)

– Existing Home Sales seasonally adjusted, annualized 5,450,000. Previous was 5,360,000
– Month/month was +1.7%. Year/year was +6.0%.

While the increase in Existing Home Sales is a positive sign it is also a result of the fact that Housing Starts have yet to recover from the fall started in 2007.

 

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