Existing Home Sales increased to a 4.68 million annual pace, up 5.6%, lower than the expected increase to 4.73 million, for November from the 4.43 million pace in October. Sales are down by 27.9% from the 6.49 million-unit level in November 2009. The national median existing-home price for all housing types was $170,600, which is 0.4% above November 2009.
Crude inventories decreased by 5.3 million barrels, for the week ending December 17, from the previous week to 340.7 million barrels and were above the upper limit of the average range for this time of year. U.S. crude oil refinery inputs averaged 14.9 million barrels per day during this period, 48 thousand barrels per day below the previous week’s average. U.S. crude oil imports were averaging 8.7 million barrels per day, up by 1.1 million barrels per day from the previous week.
Upcoming Releases
Personal Consumption Expenditures (12/23 at 8:30 AM EST)
Durable Orders (12/23 at 8:30 AM EST)
Initial Claims (12/23 at 8:30 AM EST)
New Home Sales (12/23 at 10:00 AM EST)
