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News Link • Economy - Economics USA

Existing Home Sales Drop For 7th Straight Month As Homebuilders Stocks Collapse

•, by Tyler Durden

After 'stabilizing' unchanged in August, existing home sales were expected to drop 0.9% MoM in September, but instead August's data was revised notably lower and September plunged... down 3.4% MoM - the biggest drop since Feb 2016

With SAAR at its lowest since Nov 2015...

This is the seventh month in a row of annual declines in existing home sales...

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