US Existing Home Sales
It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;
While this is monthly data, it's reported in an annualized format (monthly figure x12);
- US Existing Home Sales Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 19, 2024 | 3.86M | 3.92M | 3.96M |
| Aug 22, 2024 | 3.95M | 3.94M | 3.90M |
| Jul 23, 2024 | 3.89M | 3.99M | 4.11M |
| Jun 21, 2024 | 4.11M | 4.08M | 4.14M |
| May 22, 2024 | 4.14M | 4.21M | 4.22M |
| Apr 18, 2024 | 4.19M | 4.20M | 4.38M |
| Mar 21, 2024 | 4.38M | 3.95M | 4.00M |
| Feb 22, 2024 | 4.00M | 3.96M | 3.88M |
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- US Existing Home Sales News
From raymondjames.com|Sep 20, 2024After more than six months of indicating that it lacked conviction regarding the path of inflation, the Federal Reserve (Fed) seems to have gotten a conviction boost so large that it pushed it to lower the federal funds rate by 50 basis points at the September Federal Open Market Committee (FOMC) meeting. This garnered cheers from markets but also generated the first dissent from a member of the Federal Reserve Board of Governors since 2005, who preferred to start the easing cycle with a more moderate cut of 25 basis points. The FOMC ...
From nar.realtor|Sep 19, 2024Existing-home sales fell in August, according to the National Association of REALTORS®. Three out of four major U.S. regions posted sales declines while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – descended 2.5% from July to a seasonally adjusted annual rate of 3.86 million in August. Year-over-year, sales retracted 4.2% (down from 4.03 ...
- From nar.realtor|Aug 22, 2024
Existing-home sales improved in July, breaking a streak of four consecutive monthly declines, according to the National Association of REALTORS®. Three out of four major U.S. regions registered sales increases while the Midwest remained steady. Year-over-year, sales rose in the Northeast and West but retreated in the Midwest and South. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – ascended 1.3% from June to a seasonally adjusted annual rate of 3.95 million ...
From econoday.com|Aug 16, 2024|2 commentsEconomic data in the August 19 week will take a backseat to the Kansas City Fed’s annual Jackson Hole (August 22-24) which will be brimming with central bankers and offering an opportunity to gauge the outlook for less restrictive monetary policy. In particular, Fed Chair Jerome Powell is likely to send a message to markets that anticipation of a rate cut in September is justified, absent unexpected developments. His speech is scheduled for 10:00 ET on Friday. There is also the Democratic National Convention in Chicago which will run ...
- From nar.realtor|Jul 23, 2024
Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of REALTORS®. All four major U.S. regions posted sales declines. Year-over-year, sales waned in the Northeast, Midwest and South but were unchanged in the West. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – receded 5.4% from May to a seasonally adjusted annual rate of 3.89 million in ...
- From nar.realtor|Jun 21, 2024|3 comments
Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of REALTORS®. In the four major U.S. regions, sales slid month-over-month in the South but were unchanged in the Northeast, Midwest and West. Year-over-year, sales rose in the Midwest but receded in the Northeast, South and West. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – retreated 0.7% from April to a seasonally adjusted ...
- From nar.realtor|May 22, 2024|5 comments
Existing-home sales receded in April, according to the National Association of REALTORS®. All four major U.S. regions posted month-over-month declines. Year-over-year, sales decreased in the Northeast, Midwest and South but increased in the West. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 1.9% from March to a seasonally adjusted annual rate of 4.14 million in April. Year-over-year, sales fell 1.9% (down from 4.22 million in April 2023). "Home sales ...
From econoday.com|May 17, 2024The high points for economic data in the May 20 week should be the sales numbers for new and existing homes for April. Gauging the health of the housing market may be a bit tricky in reading these reports. Seasonal adjustment factors for this time of year anticipate a busier sales period as potential homebuyers shake off winter and start planning moves based on changing household needs. However, the housing market got a chill earlier this year when mortgage rates began to rise again and home prices did not ease up despite some ...
| Released on Sep 19, 2024 |
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| Released on Aug 22, 2024 |
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| Released on Jul 23, 2024 |
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| Released on Jun 21, 2024 |
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| Released on May 22, 2024 |
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