What is it? This New Home Sales announcement checks the annual number of homes that were sold during the previous month.
The announcement is a leading sign of economic health because the sale of a new home causes other sales as well. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.
Usual Effect: If the actual data is higher than the forecast, you can expect the USD to rise.
When? The announcement will happen today at 10:00am Eastern Time.
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