New Home Sales

New Home Sales
It is also known as Residential Sales. This is the economic pointer which is released by the Census Bureau of US in the report on the monthly basis. This report provides data on the homes that are sold, generally articulatedin thousands of houses and are broken by the geographic areaof the nation. This report also maintains a record of the change in percentage of houses sold every month and details regarding the sales cost, the phase of buildingat which the new houses are sold and several other factors. This report of new house sales is regarded as lagging indicator of the mortgage charges and of normal affluence of nation. As this report is released when the month comes to an end and as monthly fluctuations in the home sales in not regarded statistically meaningful in the market situations, the report of Home Sales inclines not to activate much of the market activity on the release. More generally used as the guide for exchange market is Existing Sales Report, released either in the previous month and featuring a wide data pool.