New Home Sales data was released Thursday from the United States Commerce Department. This monthly report is measured of newly constructed homes with a committed sale during the month. I was looking forward to this report after last week's National Association of Home Builders index.
The NAHB index is also a monthly economic data release looking at just present home sales, but expected home sales in the coming six months as well as the prospective traffic of buyers looking at new homes. Last week's NAHB report was the best reading in over four years.