New Home Sales \ Sales of new homes
The report on new home sales shows sales of new houses designed for one family, for the year.
Historically, changes in consumer spending appeared for the first timethe automotive sector and in real estate. If the volume of new home sales weakened, suffering housing, and this in turn affects employment in the construction industry.
Thus, the slowing of homes for sale can be a leading indicator of the downturn in the real estate sector. Therefore, when analyzing the index źNew home sales╗
use the " moving average ╗ (moving average). The growing importance of this indicator has a positive effect on the course of the national currency.
Source: Bureau of the Census, Department of Commerce.
Release Time: 10:00 the ET around the last business day of the month. The data for the previous month.