Existing Home Sales
Existing Home Sales
About This Event
The number of existing home sales for November will be released.
Previous: 6.34M
Forecast: 6.52M
Existing home sales measures the change in the annulized number of existing residential buildings that were sold. This is a key indicator of the strength of the housing market. Higher than expected existing home sales is bullish, while lower than expected existing home sales is bearish.
Existing home sales in the US fell 4.6% to a seasonally adjusted annual rate of 6.18 million in December of 2021, the lowest in 4 months and below market forecasts of 6.44 million mostly due to low inventory. Each of the four major US regions witnessed sales fall in the last month of 2021. Total housing inventory fell 18% to 910K units and the median existing-home price for all housing types was $358,000, up 15.8% from last year. Considering full 2021 however, sales increased 8.5% to 6.12 million, the highest since 2006. "December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing. This year, consumers should prepare to endure some increases in mortgage rates. I also expect home prices to grow more moderately by 3% to 5% in 2022, and then similarly in 2023 as more supply reaches the market", said Lawrence Yun, NAR's chief economist. source: National Association of Realtors
Why This Event Matters
Economic releases such as Existing Home Sales are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is December 22, 2021 (America/New_York), subject to source updates.
Source summary: The number of existing home sales for November will be released.
Previous: 6.34M Forecast: 6.52M
Existing home sales measures the change in the annulized number of existing residential buildings that were sold. This is a key indicator of the strength of the housing market. Higher than expected existing home sales is bullish, while lower than expected existing home sales is bearish.
Existing...
This listing is associated with SPY. Market participants may watch these names around the event window for volatility or news flow.
Frequently Asked Questions
- What is Existing Home Sales?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is Existing Home Sales?
- The calendar shows Dec 22, 2021 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does Existing Home Sales matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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