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Existing Home Sales Fall More Than Expected

April 22, 2019
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Existing Home Sales Fall More Than Expected
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Existing homes sales in the United States fell more than expected in the month of March, falling -4.9% vs -2.3% consensus estimate, with 5.21M sold versus 5.3M estimate.

The decline may have been a continued reaction to February's blowout 11.8% increase, reverting back to a normal range. Lower interest rates did not juice housing sales as expected.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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