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US Data: Highlights of MNI Survey of Economic Forecasts

     WASHINGTON (MNI) - The following are highlights of forecasts for   
upcoming U.S. economic indicators provided by participants in the MNI   
weekly survey. The comment section presents the key elements behind the 
median forecasts.         
Existing-home Sales for May (annual rate)                           
 Friday, June 21 at 10:00 a.m. ET                        Actual:
                 Median       Range                  May19  Apr19  Mar19
 Home Resales     5.27m  5.10m to 5.50m                 --  5.19m  5.21m
     Comments: The pace of existing home sales is expected to rebound to 
a 5.27 million annual rate in May after a slipping further to a 5.19 
million rate in April. Home sales remain well below their year ago 
levels despite some recent recovery, which the NAR blames on tight 
supply. The speed at which homes have been selling was at a record high 
in April, so increased supply should feed a rebound in the sales pace.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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