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Random article: Housing Starts Index
Real estate market of the USA plays a great role for its economy and in the results impacts on currency rate. There are two key reports for housing building among residents of the country, one of which represents the number of new constructions of houses - Housing Starts. This is a fundamental indicator that provides the amount of houses in process of construction. This index consists of three parts: single-family houses, townhouses or small condos and apartment buildings with five or more units. Every apartment is considered as a single unit. For example, multistorey house with 50 apartments is accounted as 50 new house units. It is also noteworthy that single-family houses amount to about 85% from total amount of new houses.
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Popular article: New Home Sales Index
New home sales is a macroeconomic indicator showing the volume of sold or recently pitched homes purposed for one household. It tends to grow along with major currency rates, because rate on loans secured on real property also increases. As real estate market, value of this indicator is subject to season flucutaions. To mitigate this factor, “moving averages” are often applied in the process of analyzing this indicator.
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