U.S. Markets open in 6 hrs 33 mins

Existing home sales — What to know in markets Friday

Heidi Chung
Reporter

Investors will pulse on the U.S. housing market on Friday morning when existing-home sales data for May is released. Economists polled by Bloomberg expect existing-home sales to have risen to a seasonally-adjusted 5.30 million units, up from the 5.19 million units sold in April.

“Consumers’ assessment of home-buying conditions has been deteriorating for a while, owing to higher home prices, and could weigh on sales activity,” Nomura wrote in a note on June 14. “Moreover, a material softening of consumer confidence driven by increased trade tensions and related financial market volatility can possibly dampen consumer demand as consumers delay home-buying plans, faced with increased uncertainty.”

Meanwhile, CarMax ( KMX ) will be the only major S&P 500 ( ^GSPC ) company to report earnings ahead of the market open.

Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung .

Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , and reddit .

More from Heidi:

Taco Bell is testing plant-based proteins

Chewy prices its IPO at $22 per share, raises just over $1 billion

Amazon is on a hiring spree in China, exclusive data shows

McDonald’s remains brand favorite among consumers: UBS survey