USD: Existing Home Sales at 7:30 PM
Measures: Annualized number of residential buildings that were sold during the previous month, excluding new construction;
Released monthly, about 20 days after the month ends;
Next Release June 20, 2022
While this is monthly data, it’s reported in an annualized format (monthly figure x12);
It’s a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;
Forecast- [5.40M]
Previous- [5.61M]
Actual- ?
Impact- The forecast figure seems to be slightly negative for base metals and the dollar while positive for bullions. The actual figure is to release at 7:30 PM.
Source: Forex Factory
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