2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Existing Home Sales  
Released On 11/21/2017 10:00:00 AM For Oct, 2017
PriorConsensusConsensus Range
Existing Home Sales - Level - SAAR5.390 M5.425 M5.320 M to 5.550 M
Existing Home Sales - M/M Change0.7 %
Existing Home Sales - Yr/Yr Change-1.5 %

Recent History Of This Indicator
Existing home sales have been modestly positive and rose 0.7 percent in September to a 5.390 million annualized rate. Hurricane effects have been hard to assess with Florida a negative for September but the Houston area turning around quickly and proving to be a positive. Forecasters see October's results showing another month of solid growth to 5.425 million.

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
 


powered by  [Econoday]