New home sales measures the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and in turn economic momentum and consumers purchases of household items like furniture, appliances etc.
Impact on Commodity
New Home sales numbers are heigher than expected , gives positive impact on Base Metal and Crude Oil while negative for Bullion, if home sales numbers are lowerthan expected gives negative impact on Base Metal and Crude Oil while positive for Bullion.