| Economic Event | New Home Sales |
| Units | Thousands of Sales |
| Current Period | Feb 2012 |
| Release Date | Mar. 23. 12 |
| Reported | 313 |
| Consensus for Current Period | 327 |
| Number of Forecasts | 54 |
| Economic Surprise | -14 ( -4.28 % ) |
| Prior Period | Jan 2012 |
| Reported Value for Prior Period | 318 |
| Revised From | 321 |
| Next Release Date | Apr. 24. 12 |
| Next Release Time | 10:00 AM Eastern Time |
| Source | http://www.census.gov/construction/nrs/pdf/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. |