Economic Charts

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Thursday, January 20, 2011

December Existing Home Sales

The December Existing Home Sales report was released today with up beat news in existing home sales.  Existing home sales measures the annualized number of residential buildings that were sold during the previous month, excluding new construction. It is considered a leading indicator as it has ripple effects in the economy (mainly in the financial sector). The forecast number called for 4.88M, but the actual headline number was 5.28M. This number not only beat the forecast, but it also beat Novembers 4.7M.

1 comment:

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