By CD Media Staff | January 22, 2020

Housing Sales Rock On...More Evidence Trump Economy Accelerating As Impeachment, Trade Worries Fade
Real estate ad for Dolgeville, California (1905)

Existing home sales firmly beat estimates today as Americans become more optimistic regarding their financial future as trade worries with China, and presidential impeachment, fade from view.

Existing Home Sales (MoM) (Dec) printed at 5.54M vs 5.43M consensus estimate.

Existing Home Sales Change (MoM) (Dec) rose 3.6% vs 1.2% estimate. This rise was the highest in two years.

Housing Price Index (MoM) (Nov) stayed steady at 0.2%.

When do you think the country should re-open and get back to work?

By completing the poll, you agree to receive emails from and that you've read and agree to our privacy policy and legal statement.

Analysts contribute the rise in sales to strong demand, which will juice the housing construction business over the coming months as Winter turns to Spring.

‘Progressive’ business news painted this picture as bad for Americans, but the narrative falls flat.

This piece originally appeared on and is used by permission.

The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of Steve Gruber.