Inman Connect
This is the second installment of a new Inman series digging into, and explaining, routine real estate economic metrics and how they’re used to illuminate the current housing market and inventory crises. Don’t miss part 1, The Inman handbook on pending home sales, and check back tomorrow for the third installment on existing-home sales.
Real estate professionals rely on numbers and data, and new-home sales are one of those metrics that help people in the industry keep an eye on the pulse of the market.
So, where does the data come from and what does it mean? What is it telling us exactly?
Written by rjs, MarketWatch 666First quarter GDP revision; April s personal income and outlays, durable goods, and new home salesThe key economic releases of the past week were the second estimate of 1st quarter GDP from the Bureau of Economic Analysis and the April report on Personal Income and Spending, also from the BEA, a report which provides 23% of 2nd quarter GDP.
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