American existing home sales is a field of domestic economics which is paid extra attention to by financial experts, bankers and, of course, traders. This is understandable, since the last global economical crises started particularly with severe problems with realty market.
The main trait of American realty consists in comparatively small share of new houses being built (and sold). Citizens normally buy and sell houses on secondary market, but each house is obligatory renewed before the sale.
The number of sell-buy deals on secondary realty market — one of the clearest indicators reflecting the state of the mentioned field. That’s why it is paid extra attention to, since it shows the amount of re-sold houses per month. This indicator is more important than new home sales.
A specific trait of this indicator is it’s period of publication — per year. Each numeral collected by the census bureau is multiplied by 12. You may find the current report on the Bureau’s web-site (or some other news agency) on the 20th of each month following the financial month. The data regarding sold houses is published at 11 O’clock EST.
The field of American realty is attractive, since it opens some new employment opportunities. These are representatives of building field, who repair the old houses, bank accountants who permit or reject loans and the whole army of brokers who are in charge for execution of corresponding transactions. It is obvious that if Existing Home Sales turns out to higher than expected, it shall have positive effect on the market, an increase in sales also increases labor demand.
Along with the mentioned, this indicator sometimes isn’t correctly analyzed by traders while studying its dynamics. The “problem” is in different price levels for secondary buildings. In other words, if the general volume for financial month has fallen it shall be extremely important to study the dynamics in “cheap”, “middle” and “expensive” price level segments. Thus there was a situation in 2013 when Existing Home Sales hadn’t made it to the prognosis level, but the amount of deals in “expensive” segment skyrocketed. This factor almost neutralized the effect that general sales volume produced when it has fallen.
American existing home sales is a field of domestic economics which is paid extra attention to by financial experts, bankers and, of course, traders. This is understandable, since the last global economical crises started particularly with severe problems with realty market.
The main trait of American realty consists in comparatively small share of new houses being built (and sold). Citizens normally buy and sell houses on secondary market, but each house is obligatory renewed before the sale.
The number of sell-buy deals on secondary realty market — one of the clearest indicators reflecting the state of the mentioned field. That’s why it is paid extra attention to, since it shows the amount of re-sold houses per month. This indicator is more important than new home sales.
A specific trait of this indicator is it’s period of publication — per year. Each numeral collected by the census bureau is multiplied by 12. You may find the current report on the Bureau’s web-site (or some other news agency) on the 20th of each month following the financial month. The data regarding sold houses is published at 11 O’clock EST.
The field of American realty is attractive, since it opens some new employment opportunities. These are representatives of building field, who repair the old houses, bank accountants who permit or reject loans and the whole army of brokers who are in charge for execution of corresponding transactions. It is obvious that if Existing Home Sales turns out to higher than expected, it shall have positive effect on the market, an increase in sales also increases labor demand.
Along with the mentioned, this indicator sometimes isn’t correctly analyzed by traders while studying its dynamics. The “problem” is in different price levels for secondary buildings. In other words, if the general volume for financial month has fallen it shall be extremely important to study the dynamics in “cheap”, “middle” and “expensive” price level segments. Thus there was a situation in 2013 when Existing Home Sales hadn’t made it to the prognosis level, but the amount of deals in “expensive” segment skyrocketed. This factor almost neutralized the effect that general sales volume produced when it has fallen.