Real Estate

Real Estate

Gobal Management Services

New home building is a critical category. It includes construction of single-family homes, townhouses and condominiums. The National Association of Home Builders provides monthly data on home sales and average prices. The data on new home sales is a leading economic indicator. It signals how the housing market will do in nine months. That’s how long it takes to construct new homes. The NAHB also reports new home starts, Those are the number of home construction projects on which ground is broken. For more, see NAHB Construction Statistics.