The National Association of Realtors has reported that existing home sales in November unexpectedly fell -1.7%, from October to a SAAR of 5.35 million homes. Sales in the Northeast and Midwest continued to grow, while sales in the South and West saw declines. Existing homes sales are still 2.7% from one year ago, the fifth straight month of year-on-year gains.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.