This week annualized existing home sales and new home sales figures were released. They were 4,970,000 + 728,000 = 5,698,000 units. This total figure is at 1997 levels (4,915,000 + 793,000 = 5,708,000 units). The high figure was between July and September 2005 at 8,599,000 units (7,210,000 + 1,389,000 = 8,599,000 units). Total annualized US home sales are down 33% since the 2005 peak.
Source: US Census, Bloomberg.
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