Track US Existing Home Sales to gauge economic health. Sales impact multiple sectors, reflecting broader economic activity.
This serves as a key indicator of economic vitality, as home sales initiate a significant chain reaction. For instance, new homeowners often undertake renovations, financing banks sell mortgages, and brokers receive compensation for their services. Although reported monthly, the data is expressed in an annualized format (monthly figure multiplied by 12).
What it Measures
The annualized count of residential properties sold in the prior month, excluding new constructions.
Usual Effect
'Actual' results that exceed 'Forecast' are favorable for the currency.
Source & Frequency
National Association of Realtors (latest release) - https://www.nar.realtor/ • Data is released monthly, approximately 12 days after the conclusion of the month.
How Data is Derived
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Also Known As
Home Resales
Acronym
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