New-Home Sales

Definition of 'New-Home Sales'

Official name: New Residential Sales

What exactly? A measure of the selling rate of new one-family houses. Includes a geographical breakdown as well as a measure of prices and house inventory (the number of months it would take to deplete the existing supply of new houses at the current sales pace).

Source: Census Bureau

Frequency: Monthly

Released when? Around the end of the month (or at the beginning of the following month) at 10 a.m. Eastern. Data for prior month.

Market importance: Some. Sometimes moves markets. Timely. Considered a good gauge of near-term spending for housing-related items and of consumer spending in general.