U.S. Existing Home Sales & New Home Sales
Comparing the Charts
When you look at both charts and compare them you can see that between June 2022 and Sept 2023 the decreasing EXISTING home sales negatively correlated with the increase in NEW home sales. This would make surface level sense given the lack of existing homes being available creating a need for new...
U.S. Existing Home Sales & New Home Sales
U.S. Existing Home Sales
U.S. Existing Home Sales data helps us to gauge the strength of the U.S. housing market and is a key indicator of overall economic health in the U.S.
In simple terms U.S. Existing Home Sales is a seasonally adjusted record of previously owned homes that have been sold in the United States...
#NAS #SPX #US30 #DailyReview #DailyOutlook
In the over night sessions, price was the smoothest on the indices, as the price failed to take out the PDHs on SPX and US30. NAS tapped the PDH and traded above it only to move back into the previous day’s range. The #fomc meeting notes and Treasury Secretary Janet Yellen in the afternoon seems to have held up up for...
