March US existing home sales data
- Prior was 5.54m (unrevised)
- Sales up 1.1% m/m vs +0.2% expected
- Prior m/m rise was 3.0%
- National median price $250,000, up 5.8% year-over-year
- Inventories down 7.2% y/y
- 3.6 months supply (balanced is around 6 months)
I can't see any direction but higher for US housing in the next few years.
