Date
GMT+00:00
Event Previous Forecast Actual
Jan, 13 15:00
★★
New Home Sales
New Home Sales
Country:
Date: Jan, 13 15:00
Importance: Medium
Previous: -
Forecast: 715K
Actual: -
Period: Oct

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

- 715K -
Jan, 13 18:01
30-y Bond Auction
30-y Bond Auction
Country:
Date: Jan, 13 18:01
Importance: Low
Previous: 4.77%; 2.4
Forecast: -
Actual: -
Period: Jan
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
4.77%; 2.4 - -
Jan, 13 19:00
Federal Budget Balance
Federal Budget Balance
Country:
Date: Jan, 13 19:00
Importance: Low
Previous: -173.3
Forecast: -140.7
Actual: -
Period: Dec

This is a report which measures the difference in value between the federal government's income and spending during the previous month.

-173.3 -140.7 -
Jan, 13 21:45
Building Permits
Building Permits
Country:
Date: Jan, 13 21:45
Importance: Low
Previous: -0.9%
Forecast: -
Actual: -
Period: Nov

The number of new building projects authorized for construction New Zealand . Building Consents, or Building Permits, are issued when a building project has been authorized to begin construction. Since Building Consents serve as one of the earliest signals of expanded housing supply, the report is a leading indicator for the overall housing market. Also, because of the high outlays needed for construction projects Building Permits suggests optimism for corporate or consumer spending. Lastly, housing indicators are popular leading indicators due to the multiplier effect that they have on the rest of the economy. The headline is the percentage change in new consents for the month.

Note: When looking deeper into the report it is important to analyze in detail what the type of projects the consents are for, as Building Consents include residential housing as well as 'big-ticket' non-residential buildings and government projects that can create large gyrations in the report month to month.

-0.9% - -
Jan, 13 23:50
M2 Money Supply + CD
M2 Money Supply + CD
Country:
Date: Jan, 13 23:50
Importance: Low
Previous: 1.8%; 1.2%
Forecast: 1.9%
Actual: -
Period: Dec

Measure of the money supply used by the Bank of Japan. The figure includes all currency in circulation plus all bank deposits. This indicator tends to be tracked closely with the total money supply. The figure focuses mostly on individual deposit accounts rather than institutional accounts, making it a more attractive money indicator than broad liquidity measures. The headline figure is the percentage change from the previous year.

1.8%; 1.2% 1.9% -