2017 Economic Calendar
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Existing Home Sales  
Released On 8/24/2017 10:00:00 AM For Jul, 2017
PriorConsensusConsensus Range
Existing Home Sales - Level - SAAR5.520 M5.565 M5.410 M to 5.650 M
Existing Home Sales - M/M Change-1.8 %
Existing Home Sales - Yr/Yr Change0.7 %

Recent History Of This Indicator
Existing home sales are expected to move higher in July to a 5.565 million annualized rate from June's 5.520 million. Expectations are based on a strong rise in the pending home sales index which tracks contract signings and more times than not correctly signals changes for final sales. Prices in the June existing homes report, in contrast to the new homes report, were on the climb and could limit July's sales results.

Definition
Existing home sales tally the number of previously constructed homes, condominiums and co-ops in which a sale closed during the month. Existing homes (also known as home resales) account for a larger share of the market than new homes and indicate housing market trends. (National Association of Realtors)  Why Investors Care
 
[Chart]
Existing home sales reached a peak in mid-2005. Sales picked up during the recovery until a slower economy cut into sales in late 2013 and early 2014. But over much of the recovery, lift came from the Fed's quantitative easing to lower mortgage rates. Mortgage rate shown is rate on 30-year conventional mortgages.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/242/223/224/215/246/217/248/249/2010/2011/2112/20
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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