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US existing home sales ease more than expected in May. existing home sales fell 0.4 per cent month-on-month to 5.43m in May, from a revised 5.45m (previously 5.46m), data from the National Association of Realtors showed on Wednesday. That is the lowest level since January and below the median forecast of 5.52m in a survey of economists by Thomson Reuters.
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National Association of Realtors data shows that 5.22 million units were sold in October compared to 5.15 million in September and a forecast October result of 5.2 million. Key Takeaways. While the report shows the first increase in 6 months, October’s rate of sales is still 5.1% lower than this time last year.
Becton Dickinson hosts its annual shareholder meeting in New York. The National Association of realtors reports existing-home sales data for December. Economists forecast a 5.2 million seasonally.
Existing home sales slipped 0.6 percent to a seasonally adjusted annual rate of 5.38 million units last month, the NAR said. May’s sales pace was revised down to 5.41 million units from the previously reported 5.43 million units. Economists polled by Reuters had forecast existing home sales gaining 0.5 percent in June.
Month-to-month prepayments keep inching up Accrual adjusting entries are needed monthly only if a company issues monthly financial statements. Two reasons for the monthly accrual adjusting entries are: To record the expenses and liabilities which were incurred during the month, but the transactions had not been recorded in the accounts as of the end of the month.
Pending sales climbed 2.6 percent in the South. Last week, the Realtors’ group said sales of previously owned homes jumped in July to the second-highest level in more than. existing-home sales to.
"To put it in perspective, there were 37 million more people in the U.S. last year compared to 2000, yet existing-home sales that year were higher (5.2 million) than last year (4.9 million)."
The median forecast in a Bloomberg survey called for a gain to 5.2 million. Prices picked up as inventories eased. For all of 2015, sales climbed to 5.26 million from 4.94 million. The December sales rebound was driven by industry adjustments to new mortgage regulations that had delayed closings a month earlier.
Sales of previously owned U.S. homes dropped more. million annual rate, less than the 5.13 million median forecast of economists surveyed by Bloomberg News, figures from the National Association of.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 1.0 percent to a seasonally adjusted annual rate 1 of 4.89 million units in April from an upwardly revised pace of 4.94 million in March, and are 17.5 percent below the 5.93 million-unit level in April 2007.