Monthly · Census Bureau via FRED
New Home Sales measures the number of newly built single-family homes sold in a given month, annualized. Unlike existing home sales, new home transactions generate direct economic activity through construction employment, materials purchases, and appliance and furniture sales. Published monthly by the Census Bureau, it is one of the most interest-rate-sensitive economic indicators available.
Above 700K annualized units is healthy by recent historical standards. Between 500-700K is moderate. Below 500K signals weakness in new construction demand. New home sales respond more quickly to mortgage rate changes than existing home sales because buyers are not locked into prior low-rate mortgages. A divergence where new sales hold up while existing sales fall often signals that builders are offering rate buydowns or price concessions to attract buyers.
Make your call first. You'll learn more from being wrong than from reading the analysis cold.
Make your call. We'll score it when the next release drops.
Analysis is being generated and will be available on the next data refresh.