Sales of existing homes rose 10.1% to 6,100,000 units in October, building further on the strong 8.8% (revised from 9.4%) gain in September. Expectations within financial markets had been for a more moderate 2.3% rise. Existing home sales have now increased in 6 of the last 7 months. Months’ supply…
Monthly Archives: November 2009
Canadian Retail Sales on a Roll
Retail sales recorded a second monthly increase, rising 1% in both September and August. The increase in September was almost double the 0.6% gain expected going into the report. The August numbers also provided some good news as the increase represented an upward revision from the previously estimated increase of…
Canadian Consumers Surge in September
Retail sales rose a robust 1.0% M/M in value during September – being the seventh increase in nine months and showing a steady 3-month trend pace of growth. Despite declining overall retail prices, volumes were up 1.2%, propelling the monthly gain. The monthly advance of retail sales occurred mainly on…
Existing Home Sales Hang on for One More Month
Sales soared for the second straight month as buyers rushed to take advantage of the first-time homebuyer tax credit, which was originally scheduled to expire at the end of November. Sales are up an astonishing 19.8 percent over the last two months. Unfortunately, we do not expect this sales pace…
Existing Home Sales in the United States Rise in October by a Staggering 10.1 Percent!
The U.S. housing market is showing more signs of increased activity, as cheap home values and the ongoing support from the U.S. government through tax credits for first time buyers continue to support activity in the housing sector, yet the housing market is still stabilizing amid the worst slump since…