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Capacity Dipped 3.1% in October

SANTA ANA, CA—EHS-C model from First American Financial, also was down 7.3% from a year ago.

By David Phillips | Updated on November 19, 2015

 SANTA ANA, CA—First American Financial Corporation, a leading global provider of title insurance, says its Existing-Home Sales Capacity (EHS-C) model decreased by 3.1% in October compared to September, meaning that the capacity for existing home sales declined that much. The measure is down 7.3% from October of last year.

The seasonally adjusted, annualized rate (SAAR) of existing-home sales capacity is up 73.6 percent from the low point of sales reached in February 2009. The EHS-C decreased by 181,500 sales (SAAR) in October.

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