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   U.S. Key Economic Indicators


Auto and Truck Sales
Business Inventories
Chicago PMI
Conference Board Consumer Confidence
Construction Spending
Consumer Credit
Consumer Price Index, CPI
Durable Goods Orders
Employment Cost Index
Employment Report
Existing Home Sales
Export & Import Prices
Factory Orders
Gross Domestic Product - GDP
Housing Starts & Building Permits
Industrial Production
Initial Jobless Claims
International Trade
Leading Indicators Report
Money Supply
NAPM: National Association of Purchasing Managers
New Home Sales
Non-Manufacturing NAPM
Personal Income & Consumption
Philadelphia Fed Index
PPI - Producer Price Index
Productivity and Costs
Regional Manufacturing Surveys
Retail Sales report
Treasury Budget
University of Michigan Consumer Sentiment Index
Weekly Chain Store Sales
Wholesale Trade report
 
 

New Home Sales

  • Importance (A-F): This release merits a C+.
  • Source: The Census Bureau of the Department of Commerce.
  • Release Time: 10:00 ET around the last business day of the month (data for month prior).
  • Raw Data Available At: http://www.census.gov/const/newressales.pdf

The report indicates the level of new privately owned one-family houses sold and for sale. New home sales usually have a lagged reaction to changing mortgage rates. They also tend to be stronger early in the business cycle when pent-up demand is strong, and they fade later in the cycle as the demand for housing is sated. In addition to home sales, the market monitors the number of homes for sale relative to the current sales pace. As this inventory measure falls (rises), housing starts tend to rise (fall). Finally, the median home price provides an indication of inflation in the housing sector, though only year/year changes provide any meaningful information.

The home sales report is quite volatile and subject to huge revisions, making any one month's reading very unreliable. The report rarely prompts a market reaction. The market prefers the existing home sales report, which has a sample data pool four times as large and is released earlier in the month.



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