2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

New Home Sales  
Released On 12/22/2017 10:00:00 AM For Nov, 2017
PriorConsensusConsensus Range
New Home Sales - Level - SAAR685 K650 K623 K to 690 K

Recent History Of This Indicator
New home sales have surged the last two reports with monthly gains of 6.2 and 14.2 percent to an expansion high 685,000 annualized rate. Supply has been coming into the market and prices have been coming down which are both positives for sales. The consensus for November new home sales is for a tangible come back to a 650,000 annualized rate.

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
 


powered by  [Econoday]