Home sales rise 3% | Bedford Real Estate

Sales of previously owned houses in the US jumped 3 percent mom to a seasonally adjusted annual rate of 5.54 million in February of 2018 from 5.38 million in January. It compares with market expectations of a 0.5 percent rise to 5.4 million. Sales of single family houses went up 4.2 percent to 4.96 million, following a 3.8 percent drop in January while sales of condos shrank 6.5 percent to 0.580 million after a 1.6 percent rise. The median house price increased to $241,700 from $240,800 in January and the months’ worth of supply was steady at 3.4. In addition, the number of houses available in the market increased to 1.590 million. Year-on-year, existing home sales went up 1.1 percent. Existing Home Sales in the United States averaged 3925.48 Thousand from 1968 until 2018, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970.


2018-01-2403:00 PMExisting Home Sales5.57M5.78M5.7M5.5M
2018-02-2103:00 PMExisting Home Sales5.38M5.56M5.6M5.63M
2018-03-2102:00 PMExisting Home Sales5.54M5.38M5.4M5.45M
2018-04-2302:00 PMExisting Home Sales5.54M
2018-05-2402:00 PMExisting Home Sales
2018-05-2402:00 PMExisting Home Sales MoM


United States HousingLastPreviousHighestLowestUnit
Building Permits1298.001377.002419.00513.00Thousand[+]
Housing Starts1236.001329.002494.00478.00Thousand[+]
New Home Sales593.00643.001389.00270.00Thousand[+]
Pending Home Sales-3.800.4030.90-24.30percent[+]
Existing Home Sales5540.005380.007250.001370.00Thousand[+]
Construction Spending0.000.805.90-4.80percent[+]
Housing Index0.300.501.20-1.80percent[+]
Nahb Housing Market Index70.0071.0078.008.00[+]
Mortgage Rate4.684.6910.563.47percent[+]
Mortgage Applications-1.100.9049.10-38.80percent[+]
Case Shiller Home Price Index204.45204.11206.52100.00Index Points[+]
Home Ownership Rate64.2063.9069.2062.90percent[+]


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