|Mortgage Bank Association (MBA) Mortgage Applications (US): The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall US economy. Thus, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
New Home Sales (US): The number of New Home sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. A high reading is seen as bullish for the USD, whereas a low reading is seen as bearish.
Housing Price Index (US): The Housing Price Index released by the Office of Federal Reserve Housing Enterprise Oversight provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish). Housing statistics is quite important indicator for US economy though these statistics are released by other countries/economies as well..
Construction Spending (US): The Construction Spending released by the US Census Bureau is an indicator that measures the total amount of spending in the US on all types of construction. The residential construction component is useful for predicting future national new home sales and mortgage origination volume. A high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.
Housing Starts (US/Canada): The Housing Starts captures how many new privately owned new homes or buildings are being constructed. It shows the strength of the housing market, which can be considered as the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. A high reading is seen as positive (or bullish) for the Currency, while a low reading is seen as negative (or bearish).
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