New Home Sales for January 2006
The January, 2006 New Home Sales report was released this morning:
Consensus: 1,278,000
Actual: 1,233,000
Compiled by the U.S. Commerce Department, the monthly New Home Sales report measures the number of newly-built homes with committed buyers for a given month. The "consensus" is what economists were expecting, while the "actual" is the actual or real figure.
The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners and cooking ranges.
Consensus: 1,278,000
Actual: 1,233,000
Compiled by the U.S. Commerce Department, the monthly New Home Sales report measures the number of newly-built homes with committed buyers for a given month. The "consensus" is what economists were expecting, while the "actual" is the actual or real figure.
The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners and cooking ranges.
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posted by Steve Brown | 2/27/2006 01:16:00 PM
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