Chart 1
U.S. Housing Market Activity Turned Further Downward in the Third Quarter of 2007
Year
Month
New Single-Family Homes Sold (Millions of Units)
Existing Home Sales (Millions of Units)
Composite Home Price Index (10 Cities, Jan. 2000=100)
2004
 1 1.2 6.2 162.9
2004
 2 1.2 6.4 164.8
2004
 3 1.3 6.7 167.9
2004
 4 1.2 6.7 171.6
2004
 5 1.2 6.9 175.4
2004
 6 1.2 6.9 179.5
2004
 7 1.1 6.8 182.7
2004
 8 1.2 6.7 185.0
2004
 9 1.2 6.7 186.9
2004
 10 1.3 6.9 188.7
2004
 11 1.2 7.0 190.1
2004
 12 1.2 6.9 191.4
2005
 1 1.2 7.1 193.4
2005
 2 1.3 6.9 195.9
2005
 3 1.3 7.0 199.2
2005
 4 1.3 7.1 202.5
2005
 5 1.3 7.1 205.8
2005
 6 1.3 7.2 208.9
2005
 7 1.4 7.1 211.7
2005
 8 1.3 7.2 214.1
2005
 9 1.2 7.2 216.8
2005
 10 1.3 7.1 219.1
2005
 11 1.2 7.0 220.8
2005
 12 1.2 6.8 221.9
2006
 1 1.2 6.8 222.5
2006
 2 1.1 6.9 223.4
2006
 3 1.1 6.9 223.8
2006
 4 1.1 6.7 225.0
2006
 5 1.1 6.7 226.0
2006
 6 1.1 6.5 226.3
2006
 7 1.0 6.3 226.2
2006
 8 1.0 6.3 225.5
2006
 9 1.0 6.2 225.1
2006
 10 1.0 6.3 224.7
2006
 11 1.0 6.3 223.9
2006
 12 1.0 6.3 222.4
2007
 1 0.9 6.4 221.3
2007
 2 0.8 6.7 220.5
2007
 3 0.8 6.2 219.7
2007
 4 0.9 6.0 218.9
2007
 5 0.9 6.0 218.3
2007
 6 0.8 5.8 217.3
2007
 7 0.8 5.8 216.3
2007
 8 0.7 5.5 214.6
2007
 9 0.8 5.0 212.7

Sources: Bureau of the Census, National Association of Realtors, and S&P Case-Shiller Composite Home Price Index.

Note: Home sales data are at a seasonally adjusted annual rate. Gray sections indicate 2007 data.