| Economic Event | New Home Sales |
| Units | Thousands of Sales |
| Current Period | Jan 2011 |
| Release Date | Feb. 24. 11 |
| Reported | 284 |
| Consensus for Current Period | 303 |
| Number of Forecasts | 54 |
| Economic Surprise | -19 ( -6.27 % ) |
| Prior Period | Dec 2010 |
| Reported Value for Prior Period | 325 |
| Revised From | 329 |
| Next Release Date | Mar. 23. 11 |
| Next Release Time | 10:00 AM Eastern Time |
| Source | http://www.census.gov/const/newressales.pdf |
| Note | |
| Description | New Home Sales or the pace of new single-family home sales indicates the future course of housing construction. The ratio of the inventory of unsold homes to home sales – which is the month’s supply of the inventory of unsold homes to home sales – which is the month’s supply of homes at the current selling rate – suggests the need for new construction. |