Current: US sales of existing houses

Sales of existing US houses (April) were slightly less bad than expected. At -17.8% to an annual rate of 4.33 million (forecast was -18.9% to an annual rate of 4.30 million; previous month was +6.3% to an annual rate of 5.76 million).

April data are transactions that are usually completed in March and then finalised in April.

The sales of existing houses account for about 90% of the US real estate market and are therefore of particular importance!

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