2017 Economic Calendar
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New Home Sales  
Released On 9/26/2017 10:00:00 AM For Aug, 2017
PriorConsensusConsensus Range
New Home Sales - Level - SAAR571 K583 K555 K to 620 K

Recent History Of This Indicator
New home sales are expected to accelerate in August to a consensus 583,000 annualized rate vs what was a disappointing 571,000 rate in July. Existing home sales in August were held lower by significant disruption in Houston in the wake of Hurricane Harvey and a similar effect is a risk for sales on the new home side. Another effect may be seen in supply as housing completions, due to Harvey, fell back in August.

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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