U.S. July NAR seasonally adjusted total existing home sales annualized (million units) fell short of expectations: 4.06 vs 4.04

U.S. July existing home sales hit 4.06M annualized, slightly beating the 4.04M forecast but down from prior, showing resilient demand with limited impact on liquidity easing.

The annualized figure for total existing home sales in the U.S. as reported by the NAR in July was 4.06 million units, higher than the expected 4.04 million units but lower than the previous value of 4.09 million units. The slightly better-than-expected sales data indicate that demand in the housing market remains resilient, though its impact on mitigating the effects of tighter liquidity conditions is limited.