Economic Event | New Home Sales |
Units | Thousands of Sales |
Current Period | Oct 2012 |
Release Date | Nov. 28. 12 |
Reported | 368 |
Consensus for Current Period | 388 |
Number of Forecasts | 47 |
Economic Surprise | -20 ( -5.15 % ) |
Prior Period | Sep 2012 |
Reported Value for Prior Period | 369 |
Revised From | 389 |
Next Release Date | Dec. 27. 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. |