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Existing-Home Sales, Third-Quarter GDP: U.S. Economic Takeaways | Tony Seruga
Dec
22

Existing-Home Sales, Third-Quarter GDP: U.S. Economic Takeaways

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  • Realtors say plunge in home sales caused by delayed closings
  • Yellen GDP gauge shows consumer, business spending are firm

What you need to know about Tuesday’s U.S. economic data:

PREVIOUSLY OWNED HOME SALES (NOVEMBER)

  • Fell to 4.76 million rate, a 19-month low, from 5.32 million
  • 10.5 percent decrease was biggest since July 2010, when effects of government homebuyer tax credit waned
  • Median price climbed 6.3 percent from year earlier, most since June
  • Inventory tight, with 2.04 million listings, the smallest for any November since 2012 and second-fewest since 2000…

Existing-Home Sales, Third-Quarter GDP: U.S. Economic Takeaways

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