Track US New Home Sales, a crucial economic indicator reflecting broader economic health through ripple effects in related sectors.
This indicator is a key gauge of economic vitality, as the sale of a new home initiates a broad range of economic activities. For instance, new furniture and appliances are typically bought, mortgages are issued by banks, and commissions are paid to brokers involved in the sale. Although the data is collected monthly, it is presented in an annualized format (monthly figure multiplied by 12).
What it Measures
The annualized total of new single-family homes sold in the prior month.
Usual Effect
'Actual' figures exceeding 'Forecast' are favorable for the currency.
Source & Frequency
Census Bureau (latest release) - https://www.census.gov/ • Published monthly on the 17th business day following the end of the month.
How Data is Derived
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Also Known As
New Residential Sales
Acronym
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