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 economics.bmo.com|Sep 19, 2024U.S. existing home sales fell more than expected, down 2.5% to 3.86 mln annualized in August. That was the lowest level since October 2023 amid a 2.8% drop in single-family homes. Meantime, activity in the condo market held steady at depressed levels. Overall, the housing market remained lacklustre at the tail end of the summer, with all four regions unable to post any growth at all. The median selling price climbed 3.1% y/y, though that marks a continued growth slowdown. The number of homes available for sale jumped 22.7% y/y, but ...
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 cnbc.com|Aug 22, 2024Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That was the first gain in five months. Sales were 2.5% lower compared with the same time last year. Sales saw the biggest gains in the Northeast and were flat in the Midwest. Prices also rose the most in the Northeast. “Despite the modest gain, home sales are still sluggish,” said Lawrence Yun, NAR’s chief economist, in a release. “But ...
- 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 ...
| 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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