US New Home Sales
Home Sales Posted A Big Jump in January, After Falling in Q4 of Last year
Starts Monday, March 30, 2020 at 14:00
Updated Tuesday, March 24, 2020
US pending home sales turned negative in October 2019 in the US, posting a 1.7% decline. In November, home sales increased by 1.2%, but in December they posted a massive decline of 4.9%, so in total home sales declined by 5.4% in Q4 of last year. Although, the report released last month showed a massive increase of 5.2%, so this year started off pretty good. But, it will get worse, as the economy shut down on coronavirus. Although, this report for February might not be too bad. Please follow us for coverage of this event live by experienced market analysts.
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About US New Home Sales
This is the annualized number of new homes sold in the previous month. It is an indicator of medium importance. It gives us a clue of how the economy will perform in the coming weeks.