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The United States on August sales of existing homes fell to the second low throughout the year

by:Deyuan      2020-12-23
On Wednesday, the national association of realtors ( NAR) The United States, according to figures released on August existing-home sales total annual 5. 33 million, 5. 45 million less than expected, for the second consecutive monthly decline, and fell to the second low throughout the year.

according to the Wall Street see real-time news:

the August sales of previously owned homes in 5. 33 million, the total expected 5. 45 million, before the value of 5. 39 million to 5. 38 million.
the August existing-home sales total annualized quarter-on-quarter - 0. 1 9%, expected. Value - 1%, before 3. Revised to - 2% 3. 4%.

the August existing-home sales total annual 5. 33 million, 5. 45 million less than expected, for the second consecutive monthly decline, in 2016 the second low; July sales total was revised down to 5. 38 million. August existing-home sales rose to - 0. 9%, is expected to increase. 1%, 7 month-on-month drop from 3. 2% correction is 3. 4%.

the NAR chief economist Lawrence Yun said: & other; Most areas in the United States, healthy labor market should be a steady housing purchase demand. In June, however, after a record high, existing home sales fell in most areas, due to inventory did not increase, to curb housing price growth, and replace those fast sell houses. ”

he said, adding that August existing-home sales performance not as good as expected, due to high prices and stock supply co. , LTD. , has some potential buyers and back. Only appeared in northeast China sales rise, due to supply more abundant than other areas.

the median sales price for August 24. 5 $020000 year-on-year growth. 1%, the 54 consecutive months year-on-year growth. First-time home buyers accounted for 31% of all home buyers from the previous month and in the same period last year.

according to the sales rate in August and completely get rid of unsold housing inventory need 4. 6 months, year-on-year decline, in the same period last year to 5. 1 month; From July 4. 7 months also declined. Six months are considered is to achieve a healthy balance between supply and demand.
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