Definition:
Also known as New Single-Family Houses Sold. This report is based on interviews of about 10,000 builders or owners of about 15,000 selected building projects. It measures the number of newly constructed homes with a committed sale during the month.
Importance:
It's considered a good gauge of near-term spending for housing- related items and of consumer spending in general. However, investors prefers the existing home sales report, which accounts for around 84% of all houses sold and is released earlier in the month.
Source:
The Census Bureau of the Department of Commerce.
Availability:
Around the last business day of the month at
Frequency:
Monthly.
Revisions:
The data are revised monthly for the previous month.
Raw Data:
http://www.census.gov/const/c25_curr.txt
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