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




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