2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

New Home Sales  
Released On 6/25/2018 10:00:00 AM For May, 2018
PriorConsensusConsensus Range
New Home Sales - Level - SAAR662 K665 K655 K to 700 K

Consensus Outlook
Beneath uneven monthly results is a solid upward trend for new home sales which are expected to accelerate very slightly in May to a 665,000 annualized rate vs 662,000 in April. Housing completions have been coming into the market which should help sales as should relative price weakness for new homes.

Definition
New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances.  Why Investors Care
 
[Chart]
There is no question that lower interest rates boost home sales. Other factors also impact housing decisions, such as employment and income growth, and wealth stemming from stock market gains.
Data Source: Haver Analytics
 
 

2018 Release Schedule
Released On: 1/252/263/234/245/236/257/258/239/2610/2411/2812/27
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


powered by  [Econoday]