U.S. New Home Sales Rose 1.3% In October
U.S. new home sales rose 1.3% to 307.000 SAAR; Consensus was at 315.000 SAAR, prior reading (revised downward 10.000) was at 303.000 SAAR.
Posts Tagged ‘New Home Sales’
U.S. New Home Sales Rose 2.1% In May
U.S. new home sales fell 2.1% to 319.000 SAAR; Consensus was at 305.000 SAAR, prior reading (revised upward 3.000) was at 326.000 SAAR.
U.S. New Home Sales Rose 7.3% In April
U.S. new home sales rose 7.3% to 323.000 SAAR; Consensus was at 300.000 SAAR, prior reading (revised upward 1.000) was at 301.000 SAAR.
U.S. New Home Sales Rose 11.1% In March
U.S. new home sales rose 11.1% to 300.000 SAAR; Consensus was at 280.000 SAAR, prior reading (revised upward 20.000) was at 270.000 SAAR.
U.S. New Home Sales Fell 16.9% In February
U.S. new home sales fell 16.9% to 250.000 SAAR; Consensus was at 290.000 SAAR, prior reading (revised upward 16.000) was at 301.000 SAAR.
Lowest reading on record.
U.S. New Home Sales Fell 12.6% In January
U.S. new home sales fell 12.6% to 284.000 SAAR; Consensus was at 310.000 SAAR, prior reading (revised downward 4.000) was at 325.000 SAAR.
U.S. New Home Sales Rose 17.5% In December
U.S. new home sales rose 17.5% to 329.000 SAAR; Consensus was at 300.000 SAAR, prior reading (revised downward 10.000) was at 280.000 SAAR.
Month of supplies fell from 8.4 down to 6.9 months. Backlog of unsold new homes is at 191.000, lowest since February 1968.
As I wrote yesterday, months of supply is still above pre-crisis levels, but the absolute level of unsold new homes is so low that small pickup in new home sales could lead to demand outweighing supply.
If inflow of foreclosed homes to the market does not increase dramatically the possibility of further large-scale decreases of home prices is not high. I will monitor situation closely as home prices are crucial for financial sector health.
U.S. New Home Sales At 290.000 In November
U.S. new home sales in November were reported at 290.000 SAAR vs. consensus of 300.000 SAAR and prior reading of 275.000 SAAR (revised from 283.000).
U.S. New Home Sales At 283.000 In October, Down 28.5% YoY
U.S. new home sales in October were reported at 283.000 SAAR vs. consensus of 314.000 SAAR and prior reading of 307.000 SAAR.
U.S. New Home Sales At 307.000 In September, Down 21.5% YoY
(For September) U.S. new home sales in September were reported at 307.000 SAAR, the consensus was at 300.000 SAAR, prior reading was at 288.000 SAAR. Chart 1. U.S. New Home Sales SAAR
U.S. New Home Sales Unchanged In August, Down 28.9% YoY
(For August) U.S. new home sales were unchanged in August at 288.000 SAAR, the consensus was at 295.000 SAAR, prior reading (revised upward 12.000) was also at 288.000 SAAR. And markets move higher on this too… Chart 1. U.S. New Home Sales SAAR
U.S. New Home Sales Fell 12.4% In July
U.S. new home sales fell 12.4% in July to 276.000 SAAR, the consensus was at 340.000 SAAR, prior reading (revised downward 15.000) was at 315.000 SAAR. Chart 1. U.S. New Home Sales SAAR
New Home Sales Rose 23.6% In June
New home sales rose 23.6% in June to 330.000, the consensus was at 300.000, prior reading (revised downward 33.000) was at 267.000 (!!! worst reading on record). Wondering if they switched 33.000 from May revision to June? Chart 1. New Home Sales
New Home Sales Fell 33.0% In May
New home sales fell 33.0% in May to 300.000, the consensus was at 400.000, prior reading was at 504.000. The lowest reading since 1963. The first home-buyer tax credit expiry is a reason for a this kind of drop, the effect was already seen with cash for clunkers program. A disastrous report. Chart 1. New Home Sales Source: Blytic.com
New Home Sales Rose 14.8% In April
New home sales rose 14.8% in April to 504.000, the consensus was at 425.000, prior reading was at 411.000. The first home-buyer tax credit program expiration again distorted the reading. Chart 1. New Home Sales Source: Blytic.com