SPY & New Home Sales
The annualized number of newly constructed single-family homes sold each month, measuring housing demand and construction activity.
SPY Price
New Home Sales
Annualized units (thousands) with 3-month MA
Year-over-Year Change
What It Measures
New Home Sales measures the annualized pace of sales of newly built single-family homes. Unlike existing home sales, this data: - **Contract-Based**: Counts sales at contract signing, not closing - **New Construction Only**: Measures brand-new homes, not resales - **Smaller Share**: Represents ~10-15% of total home sales (existing homes dominate) Data is collected jointly by the U.S. Census Bureau and Department of Housing and Urban Development (HUD) from a sample of permits and sales records.
Why It Matters
**Leading Indicator**: New home sales are more forward-looking than existing home sales because they're based on contracts, not closings. **Construction Activity Driver**: New home sales drive homebuilding activity, employment in construction, and demand for building materials. **Economic Multiplier**: New homes generate more economic activity than existing home sales (construction, appliances, landscaping). **Builder Confidence**: Sales pace reflects both consumer demand and builder willingness to develop new projects. **Interest Rate Sensitivity**: New home buyers are often first-time buyers who are highly sensitive to mortgage rates and prices.
Key Levels
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-02-13)
New Sales: HSN1F - New Home Sales from U.S. Census Bureau / HUD
Units: , ,