United States USD

United States Existing Home Sales

Impact:
High

Latest Release:

Date:
Surprise:
-0.07M
| USD
Actual:
4.13M
Forecast: 4.2M
Previous/Revision:
4.11M
Period: Nov

Next Release:

Date:
Period: Dec
What Does It Measure?
The United States Existing Home Sales report measures the number of previously owned homes sold during a specified month, reflecting the overall health of the real estate market. It primarily focuses on residential property transactions, indicating housing demand, purchasing trends, and consumer confidence.
Frequency
This event is released monthly, typically on the third weekday of the month, and includes both preliminary and final figures that may be revised in subsequent releases.
Why Do Traders Care?
Traders closely monitor Existing Home Sales as it affects both the housing market and broader economic conditions, influencing asset classes like the U.S. dollar, stocks, and bonds. Strong sales figures are generally seen as bullish for equities and the dollar, while weaker results may indicate economic slowing, leading to bearish sentiment in these markets.
What Is It Derived From?
The report is derived from monthly surveys conducted by the National Association of Realtors (NAR), which compiles data on completed transactions from real estate agents across the country. This methodology relies on data collection from a significant number of real estate transactions, ensuring a comprehensive overview of the existing home market.
Description
The Existing Home Sales report is critical for understanding the dynamics of the housing market, serving as an indicator of economic activity and consumer spending. It is expressed as the total number of homes sold, which can be analyzed on a month-to-month or year-over-year basis, with the latter being preferred due to its ability to smooth out seasonal fluctuations and provide a clearer long-term perspective.
Additional Notes
This indicator is often regarded as a leading economic measure as it provides insight into future construction and economic growth, often correlating with trends in related indicators like new home sales and housing starts. Analyzing existing home sales helps to contextualize broader economic trends, such as consumer spending patterns and confidence levels, reflecting the health of related sectors.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
4.13M
4.2M
4.11M
-0.07M
4.1M
4.08M
4.05M
0.02M
4.06M
4.1M
4M
-0.04M
4M
3.96M
4.01M
0.04M
4.01M
3.92M
3.93M
0.09M
3.93M
4.01M
4.04M
-0.08M
4.03M
3.96M
4M
0.07M
4M
4.1M
4.02M
-0.1M
4.02M
4.13M
4.27M
-0.11M
4.26M
3.95M
4.09M
0.31M
4.08M
4.12M
4.29M
-0.04M
4.24M
4.19M
4.15M
0.05M
4.15M
4.07M
3.96M
0.08M
3.96M
3.93M
3.83M
0.03M
3.84M
3.9M
3.88M
-0.06M
3.86M
3.9M
3.96M
-0.04M
3.95M
3.93M
3.9M
0.02M
3.89M
4M
4.11M
-0.11M
4.11M
4.1M
4.14M
0.01M
4.14M
4.21M
4.22M
-0.07M
4.19M
4.2M
4.38M
-0.01M
4.38M
3.94M
4M
0.44M
4M
3.97M
3.88M
0.03M
3.78M
3.82M
3.82M
-0.04M
3.82M
3.77M
3.79M
0.05M
3.79M
3.9M
3.95M
-0.11M
3.96M
3.89M
4.04M
0.07M
4.04M
4.1M
4.07M
-0.06M
4.07M
4.15M
4.16M
-0.08M
4.16M
4.2M
4.3M
-0.04M
4.3M
4.25M
4.29M
0.05M
4.28M
4.3M
4.43M
-0.02M
4.44M
4.5M
4.55M
-0.06M
4.58M
4.2M
4M
0.38M
4M
4.1M
4.03M
-0.1M
4.02M
3.96M
4.08M
0.06M
4.09M
4.2M
4.43M
-0.11M
4.43M
4.38M
4.71M
0.05M
4.71M
4.7M
4.78M
0.01M
4.8M
4.7M
4.82M
0.1M
4.81M
4.89M
5.11M
-0.08M
5.12M
5.38M
5.41M
-0.26M
5.41M
5.4M
5.6M
0.01M
5.61M
5.65M
5.75M
-0.04M
5.77M
5.8M
5.93M
-0.03M
6.02M
6.1M
6.49M
-0.08M
6.5M
6.1M
6.09M
0.4M
6.18M
6.44M
6.48M
-0.26M
6.46M
6.52M
6.34M
-0.06M
6.34M
6.2M
6.29M
0.14M
6.29M
6.09M
5.88M
0.2M
5.88M
5.89M
6M
-0.01M
5.99M
5.83M
5.87M
0.16M
5.86M
5.9M
5.78M
-0.04M
5.8M
5.72M
5.85M
0.08M
5.85M
6.09M
6.01M
-0.24M
6.01M
6.19M
6.24M
-0.18M
6.22M
6.5M
6.66M
-0.28M
6.69M
6.61M
6.65M
0.08M
6.76M
6.55M
6.71M
0.21M
6.69M
6.7M
6.86M
-0.01M
6.85M
6.45M
6.57M
0.4M
6.54M
6.3M
5.98M
0.24M
6M
6M
5.86M
5.86M
5.38M
4.7M
0.48M
4.72M
4.78M
3.91M
-0.06M
3.91M
4.12M
4.33M
-0.21M
4.33M
4.3M
5.27M
0.03M
5.27M
5.3M
5.76M
-0.03M
5.77M
5.5M
5.42M
0.27M
5.46M
5.43M
5.53M
0.03M
5.54M
5.43M
5.35M
0.11M
5.35M
5.44M
5.44M
-0.09M
5.46M
5.47M
5.36M
-0.01M
5.38M
5.45M
5.5M
-0.07M
5.49M
5.37M
5.42M
0.12M
5.42M
5.39M
5.29M
0.03M
5.27M
5.33M
5.36M
-0.06M
5.34M
5.25M
5.21M
0.09M
5.19M
5.35M
5.21M
-0.16M
5.21M
5.3M
5.48M
-0.09M
5.51M
5.1M
4.93M
0.41M
4.94M
5M
5M
-0.06M
4.99M
5.25M
5.33M
-0.26M
5.32M
5.2M
5.22M
0.12M
5.22M
5.2M
5.15M
0.02M
5.15M
5.3M
5.33M
-0.15M
5.34M
5.35M
5.34M
-0.01M
5.34M
5.4M
5.38M
-0.06M
5.38M
5.44M
5.41M
-0.06M
5.43M
5.52M
5.45M
-0.09M
5.46M
5.57M
5.6M
-0.11M
5.6M
5.54M
5.54M
0.06M
5.54M
5.4M
5.38M
0.14M
5.38M
5.6M
5.56M
-0.22M
5.57M
5.7M
5.78M
-0.13M
5.81M
5.52M
5.5M
0.29M
5.48M
5.43M
5.37M
0.05M
5.39M
5.3M
5.35M
0.09M
5.35M
5.46M
5.44M
-0.11M
5.44M
5.57M
5.51M
-0.13M
5.52M
5.58M
5.62M
-0.06M
5.62M
5.55M
5.56M
0.07M
5.57M
5.65M
5.7M
-0.08M
5.71M
5.6M
5.47M
0.11M
5.48M
5.57M
5.69M
-0.09M
5.69M
5.54M
5.51M
0.15M
5.49M
5.52M
5.65M
-0.03M
5.61M
5.5M
5.57M
0.11M
5.6M
5.43M
5.49M
0.17M
5.47M
5.35M
5.3M
0.12M
5.33M
5.45M
5.38M
-0.12M
5.39M
5.51M
5.57M
-0.12M
5.57M
5.48M
5.51M
0.09M
5.53M
5.54M
5.43M
-0.01M
5.45M
5.4M
5.36M
0.05M
5.33M
5.3M
5.07M
0.03M
5.08M
5.34M
5.47M
-0.26M
5.47M
5.32M
5.45M
0.15M
5.46M
5.2M
4.76M
0.26M
4.76M
5.37M
5.32M
-0.61M
5.36M
5.4M
5.55M
-0.04M
5.55M
5.38M
5.3M
0.17M
5.31M
5.53M
5.58M
-0.22M
5.59M
5.44M
5.48M
0.15M
5.49M
5.4M
5.32M
0.09M
5.35M
5.26M
5.09M
0.09M
5.04M
5.24M
5.21M
-0.2M
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