.comment-link {margin-left:.6em;}


Economic Data (USA)

Wednesday, November 29, 2006

New Home Sales for October, 2006

The October, 2006 New Home Sales report was released this morning:

Predicted: 1,040,000

New Home Sales for October 2006: 1,004,000

September, 2006 New Home Sales (Revised): 1,037,000

October, 2005 New Home Sales: 1,346,000


October New Home Sales: Average Price: $309,700

October New Home Sales: Median Price: $248,500

Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the monthly New Home Sales report measures the number of newly-built homes with committed buyers for a given month.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true 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 microwave ovens.

Click here to view the full Commerce Department report (PDF).



Post a Comment

<< Home

Entire Website © 2021 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.