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.
Saturday, February 20, 2010
Sunday, February 14, 2010
Building Permits
The Building Permits is a leading economic indicator tracked by U.S. Census Bureau that is used to track the housing industry. While the statistics is used by local governments and organizations to receive valuable information about local community, the data are used by the Census Bureau for annual creation of population estimates.
The Building Permits (also known as Constructions Permits) Statistics provides construction statistics on new privately-owned residential housing units authorized by building permits. The statistics data include number of buildings, units, and construction cost from new privately-owned residential building permits issued.
These Building Permits Statistics data are updated on monthly basis. In additional annual report is published as well.
The Building Permits statistics usually allows analyze and estimate possible development in the trend (decrease or increase) of construction, employment, financing and even furnishings. Because of that this statistics are often considered as a leading indicator of the economy.
Sunday, January 31, 2010
Construction Spending
The "Construction Spending" report is issued by the United States Census Bureau of the Department of Commerce on a monthly basis at 10:00 EST n the first business day of the month.
The "Construction Spending" reports covers data for two prior month and is broken down between residential, non-residential, and public expenditures on new construction.
The U.S. Commerce Department calculations of the amount of spending on residential and non-residential construction is an important factor in the housing market and is used as a component of quarterly GDP calculations. Even the "Construction Spending" report is considered to be important, as a rule, it rarely has any impact on the market. Due to the high volatility in monthly numbers three-month and longer-term data are considered significant.