Existing home sales index is the indicator helping to trace the number of sold houses per year on the existing home market. Also, existing home sales indicator can assist to forecast confidence of buyers (consumer optimism) and their sentiment to buy precious assets. Index is subject to great season fluctuations characterizing real estate market.
Increase in volume of construction is closely related to growth of income of population and is favorable for economic growth.
The data on sold houses is published on the fourth week of every month at 10:00 EST (New York). Market's respond to this index is weak. Index growth is a positive factor for consolidation of national currency.
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