home sales is a leading indicator of economic activity. The report covers
the number of new, privately owned single-family houses sold during the
Source: Bureau of the Census of the U.S. Department of Commerce.
Availability: Four to five weeks following the reported month
Likely Impact of Financial Markets:
Interest Rates: Larger-than-expected monthly increase or increasing
considered inflationary, causing bond prices to drop and yields and interest rates to
Ability to Affect Markets:
Analysis of the Indicator:
As the data is moderately volatile, it is best to use the three-month
moving average and year-to- year
percentage changes. Some economists believe a more accurate indicator is existing home sales,
which uses a sample size four times larger than new home sales data.
The bond market considers this report to be of moderate importance.
A Graph of the latest New Home Sales data from Census Economic Briefing Room.
The latest New
Home Sales report from the Census Economic Briefing Room.