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New Home Sales

Name: New Home Sales
Creator: TipRanks

New Home Sales in the USA measures the annualized number of newly constructed single-family homes sold during a month. This indicator is significant as it reflects consumer confidence and the health of the housing market, which is a key driver of economic growth. Strong new home sales can signal economic expansion, leading to increased construction activity and job creation, while weak sales may indicate economic slowdown. Financial markets closely watch this data as it can influence interest rates, stock prices, and investment decisions.