2017 Economic Calendar
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New Home Sales  
Released On 3/23/2017 10:00:00 AM For Feb, 2017
PriorConsensusConsensus Range
New Home Sales - Level - SAAR555 K565 K550 K to 600 K

Recent History Of This Indicator
New home sales looked to be one of the economy's best strengths before fading at year-end and posting a very soft January. New home sales in February are expected to bounce back, to a consensus 565,000 million annualized rate in what would be a very solid 1.8 percent gain from January's 555,000. But this report is notorious for its month-to-month volatility which puts the focus on the 3-month average which, however, has also been fading.

Definition
New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances.  Why Investors Care
 
[Chart]
There is no question that lower interest rates boost home sales. Other factors also impact housing decisions, such as employment and income growth, and wealth stemming from stock market gains.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/262/243/234/255/236/237/268/239/2610/2511/2712/22
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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