New Home Sales

New Home Sales statistics report is published by the United States Census Bureau on monthly basis. The report covers the number of sales of newly constructed residences in the United States of America and is considered as an economical indicator of the economy's health. The new Home Sales numbers are sensitive to the consumer income. As a rule, in growing economy when the consumers average income is growing, the number of newly constructed residences sales is growing. At the same time, a reversal down in New Home Sales report could serve as an early indicator of slow down in the economy and possibility of coming depression. Furthermore, the release of New Home Sales report may have significant impact on Wall Street.