New Home Sales

New Home Sales
Being Released: June 25th at 10:00am EST

The Census Bureau is releasing the number of new house sales Monday morning at 10:00am. The statistics released the past two months have been higher than the forecast. House Sales are a leading indicator of economic health. Notably, because of the ripple affect of housing sales, they carry as much weight as they do.

If someone buys a house, they also need to buy furniture, maybe a nice microwave, fridge, paint, and possibly a new white picket fence. You get the point. 🙂

We could see some volatility Monday morning in result of this announcement. The forecast is 347K and the last release was 343K.

Written By: Tony College

 

 

 

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Latest posts by admin (see all)

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news