Sales of existing-homes in the U.S. fell to 3.83 million annual rate in July, down from 5.26 million in June, according to statistics from the U.S. brokerage Association National Association of Realtors. The decline was much larger than expected 4.70 million housing. This was another really bad house figures from the U.S. who take down the long rate and the dollar weakens, “said Stefan Mellin, macro analyst at Danske Markets.
Recently, there have been more and more U.S. data come in on the weaker side, but according to today’s figure Mellin was this one of the major disappointments. It suggests that the housing market dropped sharply with the speed in recent months. It is clear that the focus has moved to the U.S. recently and that the recovery has come off sharply, according to Mellin.
One other report from U.S. say; Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009.Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales – accounting for the bulk of transactions – are at the lowest level since May of 1995.
Related articles; Housing construction weaker than expected in the U.S.
Unexpected decrease in sold homes in U.S.
House sales in the U.S. increases in April 2010 compared with 2009.
Sales of new single family houses in the U.S. rose by 26.9 % in March
Sales of existing property in the U.S. have increased the first quarter of 2010.
Continued bankings death in the U.S.
More than expected, buying homes in the U.S.
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Tags: annual, apartments, existing, fell, homes, housing, July, Marbella apartments, Marbella Townhouses, Marbella villas, million, percent, Plunge, proeprtyu, Property marbella, rate, sales, U.S., US, villas
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