Existing Home Sales up.

Chicago Federal Reserve National Activity Index (May 2015)

– Level -0.15   -0.17. Previous was -0.19
– 3 Month Moving Average  -0.16. Previous was -0.20.

This is a weighted average of 85 existing monthly indicators of national economic activity.

 

Existing Home Sales (May 2015)

– Existing Home Sales (annualized) 5,35,000. Previous was 5,090,000.

New Home Sales data will be released tomorrow.  While both Existing and New Home Sales stimulate the economy New Home Sales generate more economic activity and jobs.  Let’s wait until tomorrow to judge the strength of housing.