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Correlation
of values
-38%
In sync
of periods
27%
History
monthsmonths · through 2026-05
13
These move in the same direction about 27% of the time
Their swing sizes only faintly mirror each other (~15% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Existing Home Sales moves ~3 months before Housing Starts
Watch Existing Home Sales for an early read on Housing Starts.
Advanced
Statistics
In sync(i)
27%
Headline metric
Movement correlation(i)
-38%
Based on values
95% CI
N/A
Pipeline
Pipeline Summary
13 paired data points survived the monthly window.
Raw input
809
13
Normalized
809
13
Prepared
809
13
Aligned
13
13
Invalid removed
Likely range
R²(i)
15%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
13
Limited
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -3 to 3 months.
Selected shift
-3 months
Correlation at this shift
+50%
+12% stronger than no-shift baseline
Existing Home Sales shifted 3 months later. Reads: "Does Housing Starts today line up with Existing Home Sales 3 months ago?"
10 overlapping points at this shift
Baseline
-38%
No-shift correlation, matching the main time-series chart above.
Peak shift
-3 months
+50%
A non-zero peak suggests one series lines up better when shifted against the other.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
N/A
3 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-62%
9 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
796
A: 796 / B: 0
Series A
Housing Starts
HOUST
FRED · 809 raw → 809 prepared
Series B
Existing Home Sales
EXHOSLUSM495S
FRED · 13 raw → 13 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-357.4376
Linear regression slope.
Intercept
4558144.1090
Linear regression intercept.
Saved 3 months ago · ID: fred-exhoslusm495s_fred-houst_monthly_5y