Work Started: Construction: Dwellings and Residential Buildings: Total for Spain
Number, Monthly level, Quarterly, Seasonally Adjusted
WSCNDW01ESQ470S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,570.92
Year-over-Year Change
114.48%
Date Range
1/1/1972 - 1/1/2017
Summary
This economic trend measures the number of new home sales in the United States on a monthly, seasonally adjusted basis. It provides key insights into the strength of the housing market and consumer demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Number of New Home Sales indicator tracks the monthly sales of newly constructed single-family homes. It is a leading economic indicator used by policymakers and analysts to assess the health of the housing sector and broader economy.
Methodology
The U.S. Census Bureau collects this data through surveys of home builders and new home sales.
Historical Context
Trends in new home sales are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- New home sales reached a seasonally adjusted annual rate of 640,000 in December 2022.
- The median sales price of new homes sold in December 2022 was $442,100.
- New home sales account for around 10-15% of overall home sales in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales of newly constructed single-family homes in the United States on a seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: New home sales is a leading indicator of housing market activity and consumer demand, providing insights into the broader economic climate.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of home builders and new home sales.
Q: How is this trend used in economic policy?
A: Trends in new home sales are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The new home sales data is released monthly by the Census Bureau, with a typical 3-4 week delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Number, Monthly level, Quarterly, Seasonally Adjusted (WSCNDW01ESQ470S), retrieved from FRED.