News > Capital Markets

Who would you trust for existing home sales estimates: The trade group or this guy?

By Nexchange
Capital Markets

You decide: Calculated Risk has tabulated the monthly existing home sales estimates of the National Association of Realtors vs the estimates of economist Tom Lawler vs the reported data for the past five years. Which ones would you trust? The report for September is due on Thursday.

 

Existing Home Sales, Forecasts and NAR Report
millions, seasonally adjusted annual rate basis (SAAR)

Month
Consensus
Lawler
NAR reported1

May-10
6.20
5.83
5.66

Jun-10
5.30
5.30
5.37

Jul-10
4.66
3.95
3.83

Aug-10
4.10
4.10
4.13

Sep-10
4.30
4.50
4.53

Oct-10
4.50
4.46
4.43

Nov-10
4.85
4.61
4.68

Dec-10
4.90
5.13
5.28

Jan-11
5.20
5.17
5.36

Feb-11
5.15
5.00
4.88

Mar-11
5.00
5.08
5.10

Apr-11
5.20
5.15
5.05

May-11
4.75
4.80
4.81

Jun-11
4.90
4.71
4.77

Jul-11
4.92
4.69
4.67

Aug-11
4.75
4.92
5.03

Sep-11
4.93
4.83
4.91

Oct-11
4.80
4.86
4.97

Nov-11
5.08
4.40
4.42

Dec-11
4.60
4.64
4.61

Jan-12
4.69
4.66
4.57

Feb-12
4.61
4.63
4.59

Mar-12
4.62
4.59
4.48

Apr-12
4.66
4.53
4.62

May-12
4.57
4.66
4.55

Jun-12
4.65
4.56
4.37

Jul-12
4.50
4.47
4.47

Aug-12
4.55
4.87
4.82

Sep-12
4.75
4.70
4.75

Oct-12

Subscribe to our Newsletter

Be one of the first to experience the future of financial services