Wednesday, June 19, 2019

Lawler: Early Read on Existing Home Sales in May

by Calculated Risk on 6/19/2019 12:53:00 PM

From housing economist Tom Lawler: Early Read on Existing Home Sales in May

I project that US existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.40 million in May, up 4.0% from April’s preliminary estimate and unchanged from last May’s seasonally adjusted pace.

CR Note: Existing home sales for May are scheduled to be released on Friday, June 21st. The consensus is the NAR will report sales of 5.29 million SAAR.