New Home Sales is a monthly U.S. Census Bureau indicator measuring the number of newly constructed single family homes sold during the period, reported both as an unadjusted monthly count and as a seasonally adjusted annual rate. It is tracked as a leading gauge of activity in residential construction and of household willingness to make a major purchase, since a new home sale reflects a buyer's decision at roughly the point a builder starts or completes construction rather than, as with an existing home sale, a resale of a property already standing. The indicator is watched alongside housing starts and building permits as part of the broader housing market data cycle.
Facts
Classification
Release FrequencySourced to the subject's own account Timing Class Geography
Geographic ScopeUnited States (U.S. Census Bureau) 3 In the Other Atlases
Sources
1. New Home Sales (Wikipedia)
WikipediaOpening paragraph, New home sales Wikipedia article
New home sales is an economic indicator which records sales of newly constructed residences in the United States of America.
Introduction, frequency
New Home Sales is a monthly U.S.
View the Source 2. US Leading Indicators (The Conference Board)
3. U.S. Census Bureau
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.