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Lawler on Existing Home Sales, Population Projections and Household Slowdown
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Lawler on Existing Home Sales, Population Projections and Household Slowdown

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Nov 22, 2023
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CalculatedRisk Newsletter
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Lawler on Existing Home Sales, Population Projections and Household Slowdown
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From housing economist Tom Lawler:

Existing Home Sales in October:  Oops!

Yesterday the National Association of Realtors reported that it estimated that US existing home sales ran at a seasonally adjusted annual rate of 3.79 million in October, a whopping 3.8% below my 3.94 million projection (which was about the same as consensus). The NAR’s estimate of…

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