Feb. Existing Home Sales: 4.88M, vs. Cons. 5.12M, Down 9.6% MoM

March 21, 2011 10:00 AM EDT
Existing home sales for the month of February come in at 4.88 million, vs. the economist estimate of 5.12 million. The initial reading of 5.36 million from January was revised higher to 5.40 million.

Existing home sales on a month-over-month basis comes in at down 9.6%, vs. the consensus of down 4.2%. During January, existing home sales rose 3.4%.


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