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.