US Existing Home Sales (Feb) 4.09M vs. Exp. 3.89M (Prev. 4.02M, Rev. From 3.91M, Low. 3.83M, High. 4.15M)
Newsquawk Staff ·
- Inventory of homes for sale 1.29mln units, 3.8 months' worth (prev. 3.7 months worth)
What it means
US existing home sales for February came in stronger than expected at 4.09 million versus an estimate of 3.89 million, indicating a resilient housing market. This positive surprise, along with an increase in inventory to 1.29 million units, suggests improving supply dynamics, which could influence future price trends and the broader economic outlook.
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