Economic Indicator: Existing Home Sales

What are existing home sales?

Existing home sales statistics measure the prices and sales of non-new homes. The National Association of Home Builders (NAHB) reports existing and new home sales monthly, quarterly and annually by state, region and nationally.

As an economic indicator, existing home sales as well as housing starts and prices helps to understand the health of the real estate market, and therefore overall state of the U.S. economy.