Existing and new home sales. Transaction volume drives brokerage, mortgage, furniture, and appliance demand.
What to watch: NAR existing sales; Census new home sales; months of supply. It arrives monthly, and the effect typically lasts months.
It sits in tier 2 — Directional: Moves the index for days or weeks. Scheduled data releases, policy decisions, global spillovers, and the prices of money and energy. This is the tier most professional attention is spent on.
Its neighbourhood
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What moves it
Chains it would confirm
Sectors it moves most
Also in Consumer and housing
- Retail sales
- Consumer confidence and sentiment
- Personal income, spending, and saving rate
- Consumer credit and delinquencies
- Housing starts and permits
- Home prices
- Mortgage rates and applications
- Household net worth and the wealth effect
- Household savings buffers
- Homeowners insurance availability and cost
- The K-shaped consumer
- Homebuilder sentiment and pending home sales
- Market rent indices
- Auto sales (SAAR) and inventories
- Restaurant same-store sales and hotel RevPAR
- Card-spending panels
- Retail gasoline prices
- Residential electricity prices
- Childcare and tuition inflation
- Pet spending and vet prices