New home sales is an economic indicator which records sales of newly constructed residences in the United States of America. The United States Census Bureau publishes new home sales statistics monthly on their website. Statistics are reported as unadjusted monthly rates and seasonally adjusted annual rates.
Contents
Economic significance
Because new home sales trigger consumption, they have significant market impact upon release. New home sales also serve as a good indicator of economic turning points due to its consumer income sensitivity. Generally, when economic conditions slow down, new home sales serves as an early indicator of such a depression.
Limitations
Several cautions apply when interpreting new home sales statistics:
References
New home sales Wikipedia(Text) CC BY-SA