Tag Archives: New Home Sales

New Home Sales Dropped By 8.4% To 350,000 In June

U.S. new home sales dropped by 8.4% to a 350,000 annualized unit rate in June. This was much weaker than the 369,000 unit rate expected by consensus and our 360,000 unit forecast. However, it comes after the prior three months were upwardly revised to add another 33,000 units to total sales. May sales, in particular, […]

U.S. New Home Sales Jump 7.6% To 369,000 Units In May

U.S. new home sales jumped by 7.6% over April to 369,000 units in May, which was stronger than the 346,000 unit rate expected by consensus and the best level since April 2010. New home sales are now 19.8% above the 308,000 unit rate seen in May 2011. On a month-over-month basis, the jump in total […]

New Home Sales Rise 3.3% to 343,000 in April

New home sales advanced 3.3% m/m to an annualized pace of 343,000 units in April, stronger than the 335,000 expected by consensus and after sales for March were revised up to 332,000 from an original reading of 328,000. April sales in the Midwest, West and Northeast reported monthly gains (up 28.2%, 27.5% and 7.7%, respectively), […]

Economic Update: U.S. New Home Sales Fell 1.6% in February

U.S. new home sales fell 1.6% in February to a 313,000 units pace. The reading was weaker than the 325,000 units expected by consensus and comes after January was revised down to a 318,000 unit pace (was 321,000), though at least December was revised up to a 336,000 unit pace (was 324,000). In contrast to […]

January New Home Sales Fell 0.9% To A 321,000 Pace

New single-family home sales fell 0.9% to a 321,000 unit pace in January, though comes after the month before was sharply upwardly revised to a 324,000 unit pace (was 307,000 units). The reading was also a bit stronger than the 315,000 unit pace expected by consensus. Sales were mixed across regions, with the Northeast and […]

NEW HOME SALES ROSE 5.7% TO 313,000 IN SEPTEMBER

New home sales surged 5.7% m/m to 313,000 in September, which was much stronger than the 300,000 expected by consensus after sales slipped 0.3% to 296,000 the month before. Sales in the south and the west reported monthly gains (up 11.2% and 9.7%, respectively), while the northeast and the midwest saw declines (down 4.2% and […]

August New Home Sales Drop 2.3% to 295,000 units.

August new home sales dropped 2.3% to 295,000.  It was in line with consensus expectations and comes after July was upwardly revised to a 302,000 unit pace (was 298,000). The Northeast fell 13.6% to a 19,000 unit pace, likely from Hurricane Irene distortions. However the South and the West also saw declines, down 2.4% and […]

From the Chat: Questions about revisions, tiered price indices and home sales.

As we have already stated, the July 26 chat session ended with some questions that we didn’t have time to answer or where we needed to check the data before we could answer them completely.  Over the next few days we will provide answers to as many of these as possible. Question:  “Can you please […]

May new homes sales down 2.1% to 319,000 annualized pace

May new home sales were down 2.1% m/m to an annualized 319,000 from a revised 326,000 the month before (previously 323,000). While the report showed a drop in sales, it was much better than the decline to 310,000 that consensus had expected. The months’ supply of homes on the market fell to 6.2 from 6.3 […]

Economic Update: New Home Sales Rise 7.3%

Sales of new single-family homes rose 7.3% in April, to an annual rate of 323,000. The rate is higher than the 303,000 expected by the consensus, but is down 23.1% from last April, when sales were boosted by the homebuyer tax rebate. The median sales prise rose 4.6% from a year earlier, to $217,900, the […]

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