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HIA New Home Sales (MoM)
The indicator estimates the volume of sales of new homes in absolute monetary terms for the reporting period. To calculate the indicator, only new single-family homes are taken to consideration which means that apartment buildings are not included into consideration. An increase in new home sales signals a rebounding of the real estate market.
In the presented article, we will continue the study of trading on rollbacks on publications of economic indicators. And in the second part of the study, we will consider the events of Australia.