When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
HOMZ - A Healthy Consumer Leading To Favorable Housing Market
Hoya Capital Housing
Late last week the National Association of Realtors reported existing home sales of 5.46 million units at an annual rate. This number was slightly below estimates, however, it was higher than the previous month and was 4.6% higher on a year-over-year basis. As the below chart shows, this rate of sales appears favorable compared to the last several decades. What is important to note is units available have remained at a reasonable level as well, 1.77 million units. In other words, it does not appear housing is being overbuilt.