FOREX TradingCharts.com

Financial News: U.S. Existing Home Sales Jump To Nearly 11-Year

U.S. Existing Home Sales Jump To Nearly 11-Year High In November

12/20/2017 - 10:30:00 (RTTNews)

(RTTNews) - After reporting a sharp increase in existing home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing another jump in existing home sales in the month of November.

NAR said existing home sales soared by 5.6 percent to an annual rate of 5.81 million in November from an upwardly revised 5.50 million in October.

Economists had expected existing home sales to rise to a rate of 5.52 million from the 5.48 million originally reported to the previous month.

With the much bigger than expected increase, existing home sales reached their highest level since hitting 6.42 million in December of 2006.

"Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end," said NAR chief economist Lawrence Yun.

The report also said the median existing home price in November was $248,000, up 5.8 percent from the same month a year ago.

Total housing inventory dropped by 7.2 percent to 1.67 million existing homes available for sale at the end of November, representing 3.4 months of supply at the current sales pace.

NAR said single-family home sales surged up by 4.5 percent to an annual rate of 5.09 million, while existing condominium and co-op sales spiked by 14.3 percent to a rate of 720,000.

On Friday, the Commerce Department is scheduled to release a separate report on new home sales in the month of November. New home sales are expected to drop by 1.4 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: Ibovespa Closes At Fresh Record High As Traders Eye The Coming Week (04 hr(s), 0 min(s),57 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock market index in Brazil, rose 0.32% Friday and ended the ...Full Story»

Japan Condominium Sales Data Due On Monday (04 hr(s), 12 min(s), 57 sec(s) ago)
(RTTNews) - Japan will on Monday see December figures for condominium and convenience store sales, ...Full Story»

ARGENTINA: Merval Falls On Profit-taking, But Climbs Higher In The Week (04 hr(s), 31 min(s), 57 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, fell 1.31% Friday, closing ...Full Story»

COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume (05 hr(s), 0 min(s),57 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points ...Full Story»

CCR: Company May Bid For Subway Lines In Peru And Colombia (05 hr(s), 59 min(s), 57 sec(s) ago)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story»

ARGENTINA: President Macri To Travel To Moscow To Meet Putin (06 hr(s), 29 min(s), 57 sec(s) ago)
(RTTNews) - Argentinean President Mauricio Macri is expected to arrive at Moscow on Tuesday for a ...Full Story»

ARGENTINA: U.S. To Eliminate Import Duties To More Than 700 Products (06 hr(s), 35 min(s), 57 sec(s) ago)
(RTTNews) - Argentina will be able to export more than 700 products to the United States with a ze ...Full Story»

ARGENTINA: International Reserves Increased To US$ 55.055 Bln In December (06 hr(s), 43 min(s), 57 sec(s) ago)
(RTTNews) - The Argentinean central bank (BCRA) international reserves increased by US$ 491 millio ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: Ibovespa Closes At Fresh Record High As Traders Eye The Coming Week

01/21/2018 - 17:42 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock market index in Brazil, rose 0.32% Friday and ended the ...Full Story>>

Japan Condominium Sales Data Due On Monday

01/21/2018 - 17:30 PM (RTTNews)
(RTTNews) - Japan will on Monday see December figures for condominium and convenience store sales, ...Full Story>>

ARGENTINA: Merval Falls On Profit-taking, But Climbs Higher In The Week

01/21/2018 - 17:11 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, fell 1.31% Friday, closing ...Full Story>>

COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume

01/21/2018 - 16:42 PM (RTTNews)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points ...Full Story>>

CCR: Company May Bid For Subway Lines In Peru And Colombia

01/19/2018 - 15:43 PM (RTTNews)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.