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10:00am 09/24/04 U.S. AUG. EXISTING HOME SALES DOWN 2.7% TO 6.54 MLN
U.S. Aug. existing home sales down 2.7% to 6.54 mln
WASHINGTON (CBS.MW) -- U.S. existing home sales fell 2.7 percent in August to 6.54 million units on a seasonally adjusted annual basis, the National Association of Realtors said Friday.
Economists had forecast that sales would fall 1.3 percent to 6.63 million units.
July's sales were unrevised.
On a year-on-year basis, existing home sales were up 2.3 percent.
U.S. Aug. existing home sales down 2.7% to 6.54 mln
WASHINGTON (CBS.MW) -- U.S. existing home sales fell 2.7 percent in August to 6.54 million units on a seasonally adjusted annual basis, the National Association of Realtors said Friday.
Economists had forecast that sales would fall 1.3 percent to 6.63 million units.
July's sales were unrevised.
On a year-on-year basis, existing home sales were up 2.3 percent.
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