Economic Reports 06/25/07
Summary: The housing debacle continues to snowball downhill, turning into an economic avalanche...
Existing Home Sales May -0.3% at 5.99M vs prior 6.01M Full Report
Inside the number: prior revised up from 5.99M. Median price Yoy -2.1%.
Sequential Inventories +5% to 4.43M;Yoy +23.5%. An 8.9 month supply; Yoy +39.1%, the highest level since June 1992.
Yoy Sales -10.3%; NE -3.5%; MW -6.6%; South -11.9%; West -16.3%. SFR's -0.8% at 5.2M; Yoy -10.8%; Yoy Median Price -2.4%. Condos +2.6% at 790K; Yoy -6.7%.
Existing Home Sales May -0.3% at 5.99M vs prior 6.01M Full Report
Inside the number: prior revised up from 5.99M. Median price Yoy -2.1%.
Sequential Inventories +5% to 4.43M;Yoy +23.5%. An 8.9 month supply; Yoy +39.1%, the highest level since June 1992.
Yoy Sales -10.3%; NE -3.5%; MW -6.6%; South -11.9%; West -16.3%. SFR's -0.8% at 5.2M; Yoy -10.8%; Yoy Median Price -2.4%. Condos +2.6% at 790K; Yoy -6.7%.
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