2008-03-24 Existing Home Sales

Existing Home Sales (Feb)

Survey 4.85M
Actual 5.03M
Prior 4.89M
Revised n/a

2008-03-24 Exisiting Home Sales MoM

Existing Home Sales MoM (Feb)

Survey -0.8%
Actual 2.9%
Prior -0.4%
Revised n/a

2008-03-24 Existing Home Sales Inventory

Existing Home Sales Inventory (Feb)

Survey n/a
Actual 4.034
Prior 4.160
Revised n/a

Better than expected.

Inventories coming down.

Median price down.

Expanded agency limits for conforming mortgages begin in May, which may be delaying closings for higher priced homes.

An upturn in housing can put the Fed on hold and support higher Q2 GDP growth.

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