New Home Sales

AAA

DEFINITION of 'New Home Sales'

An economic indicator that measures sales of newly built homes. Released by the U.S. Department of Commerce's Census Bureau, it includes both quantity and price statistics. It is considered to be a lagging indicator of demand in the market and to affect mortgage rates.

INVESTOPEDIA EXPLAINS 'New Home Sales'

A new home sale is considered to be any deposit or contract signing either in the year the house was built or the year after it was built.

RELATED TERMS
  1. Mortgage

    A debt instrument, secured by the collateral of specified real ...
  2. Affordability Index

    A measure of a population's ability to afford to purchase a particular ...
  3. Pending Home Sales Index - PHSI

    An index created by the National Association of Realtors (NAR) ...
  4. Unsold Inventory Index

    A monthly statistic released nationally that details the number ...
  5. Economy

    The large set of inter-related economic production and consumption ...
  6. Indicator

    Statistics used to measure current conditions as well as to forecast ...
Related Articles
  1. 5 Tips For Recession House Hunters
    Home & Auto

    5 Tips For Recession House Hunters

  2. Leading Economic Indicators Predict ...
    Active Trading

    Leading Economic Indicators Predict ...

  3. Economic Indicators To Know
    Retirement

    Economic Indicators To Know

  4. Boom or Bust? The End of China's One-Child ...
    Economics

    Boom or Bust? The End of China's One-Child ...

comments powered by Disqus
Hot Definitions
  1. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  2. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  3. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  4. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  5. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
  6. Bear Flattener

    A yield-rate environment in which short-term interest rates are increasing at a faster rate than long-term interest rates. ...
Trading Center