New Home Sales During October 2016
The October 2016 New Home Sales report was released by the Commerce Department this morning:
Predicted: 590,000
Actual New Home Sales: 563,000
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Change from One Month Previous: -1.9%
Change from One Year Previous: +17.8%
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Median Price for a New Home during October: $304,500
Average Price for a New Home during October: $354,900
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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 during the indicated month.
The "predicted" figure is what economists 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, microwave ovens, etc.
Click here to view the full Commerce Department report (PDF).
Predicted: 590,000
Actual New Home Sales: 563,000
------------------------------------------------------
Change from One Month Previous: -1.9%
Change from One Year Previous: +17.8%
------------------------------------------------------
Median Price for a New Home during October: $304,500
Average Price for a New Home during October: $354,900
------------------------------------------------------
 |
| New Home Sales During October 2016 |
------------------------------------------------------
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 during the indicated month.
The "predicted" figure is what economists 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, microwave ovens, etc.
Click here to view the full Commerce Department report (PDF).
Labels: housing, new_home_sales
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posted by Steve Brown | 11/23/2016 04:54:00 PM
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