Open Demo Account
Home / Market Update / U.S. Existing Home Sales Decline in February

U.S. Existing Home Sales Decline in February

M. Ali 22 March, 2021 7:39 pm Market Update

Existing home sales in the United States declined in February by 6.6% to a seasonally adjusted annual rate of 6.22 million units, data by the National Association of Realtors (NAR) showed on Monday.

Home resales increased by 9.1% compared with its level in the same period last year.

The decline was attributed to the bad weather conditions, with strong winter storms affecting Texas and the South.

Tags

Check Also

U.S. Inflation Refuses to Cool as Growth Slows Sharply — The Federal Reserve’s Hardest Test Yet

The latest batch of U.S. economic data has delivered an uncomfortable message to markets: inflation …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends