Included are estimates, and revisions for previous months, of new houses sold and for sale at the national and census region level, and average and median sale prices. USES The Bureau of Economic Analysis uses the estimates to develop national income and product accounts. The Council of Economic Advisers use the estimates to determine the condition of the economy. The Department of Housing and Urban Development uses the estimates to develop and evaluate housing programs. Manufacturers use estimates to plan production schedules and establish market shares.
Insurance companies use estimates to adjust rates and establish replacement costs.
Financial institutions use data to estimate mortgage demand.