New Home Sales
A monthly US report on how many newly built homes were sold, a quick read on housing demand.
In plain English
A monthly US report on how many newly built homes were sold, a quick read on housing demand.
New Home Sales counts how many brand-new houses were sold in the US during the month, shown as a yearly pace. Because it captures a contract signing, not the closing, it reacts quickly to changes in mortgage rates and buyer confidence.
New homes are only a small slice of all home sales, so the number is jumpy and often revised. Traders look at the trend over several months rather than one surprise reading.
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