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News Link • Economy - Economics USA

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

• https://www.zerohedge.com, 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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