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Home >> Daily Dose >> The Week Ahead: Inventory Woes Over? New and Existing Home Sales Reports
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The Week Ahead: Inventory Woes Over? New and Existing Home Sales Reports

Two-Story-House

Inventory was on everyone’s mind last week, and in the week ahead the New Home Sales Report and Existing Home Sales Report for May will be released Friday and Wednesday, respectively.

With home buying putting undue stress on first time homebuyers, and a severe lack of inventory due to an unwillingness to sell and fewer new houses being built, it is becoming increasingly difficult for those that desire to purchase.  Companies are even starting to find creative ways to handle the inventory crisis.

The previous New Home Sales report was at nearly half a million—569,000—while existing homes counted 5.57 million sales, not enough to provide a relief for the growing market.

Hopefully, next week’s two home sales reports will show a break in previous trends and, potentially, an increase in inventory.

This Weeks Schedule:

Current Account Deficit, Monday 8:30 a.m. EST

MBA Mortgage Applications, Wednesday 7 a.m. EST

Existing Home Sales Report NAR, Wednesday 10 a.m. EST

Freddie Mac Weekly Mortgage Survey, Thursday 10 a.m. EST

FHFA House Price Index, Thursday 9 a.m. EST

 

About Author: Brianna Gilpin

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Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation's leading diversified media and information services companies. To contact Gilpin, email bria[email protected]

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