New home sales indicator is an important economic indicator that describes the total amount of homes that were sold in the secondary housing market during the last year.
The importance of this indicator relies on a fact that it can show trends that occur within a country, thereby showing economic prospects. Using these data in a work is fairly simple. If the existing home sales index and the index of the sold houses grow, then we can say that there is a steady economic growth. It allows investors to take measures to buying the currency of this country in a long-term.
Publication of the new home sales indicator occurs at the end of each month. It is necessary to remember that this indicator is seasonal.