2018 Economic Calendar
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Existing Home Sales  
Released On 1/24/2018 10:00:00 AM For Dec, 2017
PriorConsensusConsensus Range
Existing Home Sales - Level - SAAR5.810 M5.750 M5.500 M to 5.900 M
Existing Home Sales - M/M Change5.6 %
Existing Home Sales - Yr/Yr Change3.8 %

Recent History Of This Indicator
Existing home sales had been lagging sharp acceleration in new home sales until the November report when sales jumped 5.6 percent to a 5.810 million annualized rate. November's rate was by far the strongest of the expansion with 5.700 million in March last year the next closest. But the sales surge drove down supply to only 3.4 months which means a lack of selection was likely to have slowed December sales. Still, a very solid 5.750 million rate is Econoday's consensus for December.

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
 
 

2018 Release Schedule
Released On: 1/242/213/214/235/246/207/238/229/2010/1911/2112/19
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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