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HIA New Home Sales

Glossaries

Forex

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Term

Definition

HIA New Home Sales

Change in the number of newly constructed homes sold. A new home sale is considered to be any deposit or contract signing either in the year the house was built or the year after it was built. In the US it is known only as New Home Sales and is released by the U.S. Department of Commerce's Census Bureau. It includes both quantity and price statistics. It is considered to be a lagging indicator of demand in the market and to affect mortgage rates.

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