Time: 2:00 pm GMT, Morocco time: 3:00 hours, Egypt time: 5:00 hours, Saudi time: 5:00 hours, UAE time: 6:00 hours
Previous: 3.95M Expected: 3.90M Actual: 3.79M
What is the home sales index in the United States?
The US Home Sales Index indicates the number of homes sold during a specific time period in the United States. This indicator is used to measure the health and activity of the real estate market in the country. The Home Sales Index is calculated by collecting data on the number of homes sold in the previous month and comparing it to previous months. The Home Sales Index is an important indicator of the US economy as real estate accounts for a large portion of the national wealth.
When the actual release of the Home Sales Index is higher than the forecast, it means that there is an increase in the number of homes sold, which is an indication of strong activity in the real estate market. This can be positive for the economy and investment, because increased activity in the real estate market can lead to more jobs and economic growth in general.
When the actual release of the Home Sales Index is less than expected, this means that there is a decrease in the number of homes that have been sold, and this indicates a decline in real estate market activity. This could lead to a decrease in demand for real estate and a decline in prices, which is negative for the economy and investment. In general, when the actual issuance is less than expectations, this is considered negative and could lead to a negative impact on financial markets, as it indicates a decline in economic and investment activity in the real estate sector.
How does the release of the home sales index in the United States affect the trading of the US dollar in the forex market?
The issuance of the home sales index in the United States could affect the trading of the US dollar in the forex market, because this index is an important economic indicator that reflects the activity of the US real estate sector and thus can affect the strength of the US economy and the US dollar.
When the Home Sales Index is released at a higher than expected value, this indicates that there is strong activity in the US real estate sector, and this can lead to an appreciation of the US dollar in the market, as it can increase the demand for the US dollar by investors.
On the contrary, if the release of the Home Sales Index is lower than expected, this could lead to a decline in the value of the US dollar in the market, as it indicates a slowdown in economic activity in the US real estate sector.
In general, the release of the US home sales index can affect the trading of the US dollar in the forex market, and traders should follow this index and its related forecasts to determine its impact on currency rates.
The agency responsible for issuing the home sales index in the United States
The US Home Sales Index is released by the US Department of Commerce, specifically through the Census Bureau and the National Association of Realtors. Data is collected from many different sources, such as information provided by real estate agencies, mortgage companies, banks, and government agencies involved in real estate.
The release date of the US home sales index
It is released monthly, about 20 days after the end of the month
next release
Dec 20, 2023
