Gross Domestic Product: Management of Companies and Enterprises (55) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HIMNGCOENTPRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,404.60
Year-over-Year Change
12.44%
Date Range
1/1/2005 - 1/1/2025
Summary
This quarterly economic indicator tracks the seasonally adjusted annual rate of new home sales in the United States. It is a key barometer of housing market activity and consumer confidence.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Quarterly, Seasonally Adjusted Annual Rate of New Home Sales measures the annual pace of newly constructed single-family home sales, adjusted for seasonal variations. It is an important metric for assessing the strength of the U.S. housing market and consumer spending.
Methodology
The data is collected by the U.S. Census Bureau through a monthly survey of home builders.
Historical Context
Policymakers and economists closely monitor new home sales as an indicator of broader economic conditions and consumer demand.
Key Facts
- New home sales account for around 10% of total U.S. home sales.
- The median new home price was $436,700 in the latest report.
- New home sales typically lead existing home sales by several months.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate of New Home Sales tracks the annual pace of newly constructed single-family home sales in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: New home sales are a leading indicator of housing market activity and consumer confidence, making this metric crucial for policymakers, economists, and investors to monitor.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through a monthly survey of home builders.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely track new home sales as an indicator of broader economic conditions and consumer demand, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, and the seasonally adjusted figures can be subject to revisions.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate of New Home Sales (HIMNGCOENTPRNQGSP), retrieved from FRED.