Aug
30
what was the existing home sales data EXCLUDING seasonally adjusted annual rate?
Filed Under Investing
mehrbod asked:
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose to a seasonally adjusted annual rate of 5.24 million units in July. I”m looking for the raw data not the seasonally adjusted data.
CARL
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose to a seasonally adjusted annual rate of 5.24 million units in July. I”m looking for the raw data not the seasonally adjusted data.
CARL
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LAVERN
The data is reported by the National Association of Realtors and all statistics are available on their website free of charge at:
This link is to the actual excel spread sheet including the seasonally adjusted annual rate and the actual non seasonally adjusted monthly sale totals.
According to the sheet the actual number of units sold in July was 1,064,000 versus 1,042,000 in June. Keep in mind that the reason they adjust the annual rate is to smooth out periods that are traditionally high sales periods, like the summer, which means the number has been adjusted down not up. As they explain on their website the adjustment occurs so: “The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.”