by Bill McBride on 1/21/2016 05:27:00 PM
Thursday, January 21, 2016
Housing economist Tom Lawler estimates the NAR will report December sales of 5.36 million on a seasonally adjusted annual rate (SAAR) basis, up from 4.76 million SAAR in November.
Based on Lawler's estimate, I'd take the "over" tomorrow. Note: Lawler is not always right on, but he is usually pretty close. See this post for a review of Lawler's track record.
• At 8:30 AM, the Chicago Fed National Activity Index for December. This is a composite index of other data.
• At 10:00 AM, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 5.19 million SAAR, up from 4.76 million in November.