Economic Event | New Home Sales |
Units | Thousands of Sales |
Current Period | Feb 2013 |
Release Date | Mar. 26. 13 |
Reported | 411 |
Consensus for Current Period | 424 |
Number of Forecasts | 49 |
Economic Surprise | -13 ( -3.07 % ) |
Prior Period | Jan 2013 |
Reported Value for Prior Period | 431 |
Revised From | 437 |
Next Release Date | Apr. 23. 13 |
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. |