Definition:
This report measures the selling rate of pre-owned houses. It's considered a decent indicator of activity in the housing sector.
Importance:
This provides a gauge of not only the demand for housing, but the economic momentum. People have to be financially confident in order to buy a house.
Source:
The National Association of Realtors.
Availability:
On the 25th of the month (or on the first business day thereafter) at
Frequency:
Monthly
Revisions:
The data are revised monthly for the preceding month. These revisions can be subject to substantial shifts. There is also an annual revision for the preceding three years. A major benchmark is reported every 10 years.
Raw Data:
http://nar.realtor.com/news/releases.htm
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