• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

More Analysis on February Existing Home Sales

by
March 20, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

UAW targets 38 facilities at GM and Stellantis for expanded strikes, skips Ford

Bill Gates: ‘Republicans for climate change action are gold’

Credit card losses are rising at the fastest pace since the Great Financial Crisis

Scooter company Bird delisted from NYSE after stock collapse, will trade over the counter

by Calculated Risk on 3/18/2022 11:06:00 AM

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 6.02 million SAAR in February

Excerpt:

The Impact of the February 2021 Texas Freeze

When the local data was released, I highlighted the sharp increase in sales in Houston (up 25.6% year-over-year). From the Houston Association of REALTORS(R) (HAR): February Is a Strong Month for Houston Home Sales

Home sales scored double-digit gains in February, but part of the strong showing was because the statistics compared to last February, when that deadly Texas freeze halted real estate activity for days, and in some cases, even longer. Undistorted by the weather factor were the continued squeeze on inventory, which returned to its all-time low, and pricing, which due to limited supply and ongoing consumer demand, soared to record highs.
emphasis added

In February 2022, the only region that showed a year-over-year increase was the South (an increase from the weak sales in 2021 due to the freeze). The other regions were down an average of 6.7% year-over-year compared to the 2.4% reported by the NAR for the entire country.
…

This graph shows existing home sales by month for 2021 and 2022.

Sales declined 2.3% year-over-year compared to January 2021. This was the seventh consecutive month with sales down year-over-year.
…
[and on inventory] According to the NAR, inventory increased to 0.87 million in February from 0.85 million in January. Inventory is now just above the record low.

There is much more in the post. You can subscribe at https://calculatedrisk.substack.com/ (Most content is available for free, so please subscribe).

Next Post

Hotels: Occupancy Rate Down 10% Compared to Same Week in 2019

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

UAW targets 38 facilities at GM and Stellantis for expanded strikes, skips Ford

by
September 23, 2023
0

In this article STLASTLAM-ITGMF Follow your favorite stocksCREATE FREE ACCOUNT DETROIT -- The United Auto Workers is expanding strikes to...

Read more

UAW targets 38 facilities at GM and Stellantis for expanded strikes, skips Ford

Bill Gates: ‘Republicans for climate change action are gold’

Credit card losses are rising at the fastest pace since the Great Financial Crisis

Amazon is bringing ads to Prime Video next year — the ad-free option will cost $2.99 a month extra

Scooter company Bird delisted from NYSE after stock collapse, will trade over the counter

New York is a tech startup hotbed after almost a decade-long run of IPOs

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.