home housing pending existing
  • Prior was 4.08m (revised to 4.09m)
  • Sales up +4.2% vs -4.9% prior (revised to -4.7%)
  • Median prices 3.8% vs +4.8% y/y prior at $398,400
  • Inventory at 3.5 months vs 3.5 months prior

This week's housing starts number was surprisingly strong but the NAHB home builder survey also deteriorated. This is another good number and suggests that lower borrowing rates are surfacing some buyers.

Existing home sales
Source: Forex Live