USA New Home Sales

Description

Released on a monthly basis by the US Census Bureau, this indicator captures changes in the number of new homes sold in the United States. The indicator is used to gauge overall conditions in the housing sector. Because housing represents an important segment of the US economy, this indicator is used to gauge overall demand for goods and services that result from home buying.
Latest Release: 23-12-2014 15:00:00
Next Release: 26-02-2014 15:00:00
RBNZ Talks Down the Kiwi
Sep 26th, 2014 at 10:06 AM

Of the three speeches by central bank chiefs yesterday, only the Pound was moved significantly with some help from a worse than expected US Durable Goods Orders figure – rallying half a cent. Speeches by RBA Governor Glenn Stevens and ECB President Mario Draghi did not provide anything new for traders to get excited over, though Stevens did discuss macro-prudential controls as an alternative to interest rates to fight out of control housing speculation.

US data has been the main focus to close out a quiet week; New Home Sales surprised to the upside on Wednesday with a reading of 504,000 versus analyst expectations of 432,000; Durable Goods Orders conversely surprised to the downside, with a decline of 18.2% – the figure is not as bad as it appears, given that last month saw a large increase due to aircraft orders and the large month on month decline is strongly affected by this. There were no surprises in the employment data, with Unemployment Claims coming in as-expected at 293,000 in line with trend. US Final GDP will be announced tonight to round out the week; the...

  • Business » US New Home Sales Surge 18% in August
    Posted Sep 24th, 2014 at 03:53 PM

    The sale of new US homes surged in August, raising optimism the housing recovery was gathering momentum in the third quarter following a series of mixed reports. New US home sales rose 18 percent...

  • Analysis and Opinion » Australian Dollar Continues Declines
    Posted Sep 24th, 2014 at 07:31 AM

    There were no fireworks during Mario Draghi’s testimony on Monday, with the President indicating that the economic recovery in the euro area is losing momentum, and that announced liquidity...

  • Forex » US existing home sales decline unexpectedly in...
    Posted Sep 23rd, 2014 at 06:28 AM

    The sale of previously-owned US homes declined unexpectedly in August after four consecutive monthly gains boosted optimism the housing recovery was finally gaining traction. Existing US home...

  • Forex » US housing starts, building permits tumble more...
    Posted Sep 18th, 2014 at 01:16 PM

    US housing starts and building permits moderated more than expected in August, tempering expectations for a broad pick-up in residential real estate activity. Groundbreaking for new homes...

  • Business » US Builder Confidence Climbs to Highest Level...
    Posted Sep 17th, 2014 at 11:47 PM

    US homebuilder confidence reached its pre-recession high in September, as a rapidly improving labour market continued to support expectations for a broad rebound in housing activity. The housing...

  • Business » US Pending Home Sales Rebound in July: NAR
    Posted Aug 28th, 2014 at 05:41 PM

    Contracts to buy existing homes rebounded in July, adding to the view the US housing sector was slowly emerging from a rough patch at the start of the third quarter. The pending home sales index...

  • Forex » Aussie Climbs to Higher Ground
    Posted Aug 27th, 2014 at 05:11 PM

    The Australian dollar appreciated on Wednesday, climbing to 2014 highs against the euro and Japanese yen while taking advantage of an overnight cool down for the US dollar. The Aussie climbed to...

  • Business » US Consumer Confidence Hits 7-Year High:...
    Posted Aug 26th, 2014 at 07:11 PM

    US consumer confidence advanced for a fourth consecutive month, as improving business conditions and strong employment growth boosted consumers’ assessment of the current climate. The Conference...

  • Business » US New Home Sales Decline Further in July
    Posted Aug 25th, 2014 at 03:57 PM

    The sale of new US homes declined unexpectedly in July, tempering expectations about a broad rebound in the housing sector at the start of the third quarter. New US home sales declined 2.4...

  • Analysis and Opinion » US Data in Focus
    Posted Aug 25th, 2014 at 09:06 AM

    Markets may be lacklustre this week, with the news flow expected to be mainly ancillary data before a much more important news period in the following week. This week does see some important figures...