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Economy

Economic Data (USA)

Thursday, January 26, 2017

New Home Sales During December 2016

The December 2016 New Home Sales report was released by the Commerce Department this morning:

Predicted: 593,000
Actual New Home Sales: 536,000

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Change from One Month Previous: -10.4%

Change from One Year Previous: -0.4%

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Median Price for a New Home during December: $322,500

Average Price for a New Home during December: $384,000


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New Home Sales During December 2016
New Home Sales During December 2016
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From today's report:

"...An estimated 563,000 new homes were sold in 2016. This is 12.2 percent (±3.5%) above the 2015 figure of 501,000..."

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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.


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