We're essentially half way through 2016. How are we doing? So far, we're currently 147,000 home sales ahead of last year in June as you can see in our interactive housing tracker below.
Existing–home sales were up to their highest level in over 9 years to a seasonally adjusted annual rate of 5.57 million in June. This marked the fourth consecutive month of rising existing home sales, beating out analyst expectations. And new home sales hit their highest level in over 8 years at a seasonally adjusted annual rate of 592,000 units.
Currently existing home sales are up 0.1% and new home sales are down 34% compared to 2007 through June on a non–seasonally adjusted basis.
With six months behind us, and six more months of home sales data in front of us, we're still expecting the best home sales in a decade.
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Insights from Company Leaders
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There’s no question that the COVID-19 pandemic has caused unprecedented economic hardship for so many, including those struggling to make their mortgage payments.
Executive Vice President, Head of Single-Family Business
Providing Unprecedented Liquidity and Stability to the Mortgage Market Throughout the Crisis
Over the last week, there has been significant discussion about the two companies where we serve as CEOs, Fannie Mae and Freddie Mac, and the independent regulator and conservator that oversees us, the Federal Housing Finance Agency. The issues raised are too important for us not to address.
Transcript: Freddie Mac CEO Discusses Second Quarter Financial and Business Results
Freddie Mac continued to respond to unprecedented challenges while serving its mission in the second quarter.
CEO