Global| Jul 25 2006Price Concessions Support U.S. Existing Home Sales
by:Tom Moeller
|in:Economy in Brief
Summary
Total existing home sales fell 1.3% during June to 6.620M. The decline, however, was slightly less than Consensus expectations for a fall in sales to 6.60M. In addition, it followed a 0.6% May drop that was shallower than originally [...]
Texas Housing: A Boom With No Bubble? from the Federal Reserve Bank of Dallas is available here.
| Existing Home Sales (000, AR) | June | May | Y/Y | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|
| Total Home Sales | 6,620 | 6,710 | -8.9% | 7,064 | 6,722 | 6,176 |
| Single Family Home Sales | 5,810 | 5,860 | -8.2% | 6,170 | 5,912 | 5,443 |
| Single Family Median Home Price (000) | $231.5 | $228.5 | 1.1% | $206.3 | $182.8 | $169.1 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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