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New Home Sales MoM

Name: New Home Sales MoM
Creator: TipRanks

The 'New Home Sales MoM' (Month-over-Month) in the USA measures the percentage change in the number of newly constructed homes sold compared to the previous month. It is a key indicator of housing market health and consumer confidence, impacting economic growth and financial markets. A rise in new home sales suggests economic strength and can lead to increased construction activity, while a decline might signal economic slowdown. Investors and policymakers closely monitor this data as it influences interest rates, stock market trends, and economic policy decisions.