| Definition:
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New Home Sales is a leading indicator of the economy. The report covers the number of newly constructed single-family homes sold during a given month (stated as an annualized rate and month-over-month % change). It also tracks the median and average sales prices and the standing inventory of new homes for sale. The data is compiled and reported in national and regional totals.
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| Meaning:
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New Home Sales data can be quite volatile because unusual weather can affect sales trends. This is one of the first indicators to soften when the economy slows and one of the first to rise if there is an up-turn. For that reason economists prefer to analyze the data as a three-month moving average and year-over-year % change.
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| Weight:
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**
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| Source:
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U.S. Department of Commerce: Bureau of the Census
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| Availability:
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Report released 4-5 weeks following the reference month
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| Frequency:
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Monthly
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| Coverage:
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1-2 Month Lag Factor (Data for April may be released in May or June)
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| Volatility:
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Moderate
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Impact on the Markets:
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| Interest Rates:
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New Home Sales  =
Interest Rates
New Home Sales  = Interest Rates
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| Fixed-income:
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New Home Sales =
Bond Market
New Home Sales = Bond Market
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| Equities:
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New Home Sales = No Reaction
New Home Sales = No Reaction
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| Dollar:
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New Home Sales = No Reaction
New Home Sales = No Reaction
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| More Information:
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U.S. Department of Commerce: Bureau of the Census
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