Existing Home Sales (August 2014)
- Existing Home Sales (seasonally adjusted annualized rate) 5,050,000. Previous was 5,140,000
Month/month this is -1.8%. Year/year this is -5.3%.
The explanation is the same as usual: fewer jobs paying enough to own a home, higher home prices, and tougher government mandated mortgage qualifying.
Chicago Federal Reserve National Activity Index (August 2014)
- Level -0.21. Previous was +.26.
- 3 Month Moving Average +0.07. Previous was +.20.
This is a weighted average of 85 existing monthly indicators of national economic activity.