New Home Sales Up 7.6% in MayJune 25, 2012 @ 10:03 AM EST
Economic Update: New Home Sales
The Commerce Department reported New Home Sales in May rose 26,000 or 7.6% to an annualized rate of 369K. This was actually above the consensus expectation for a rate of 349K and the highest total since April 2010.
Last 12 Months results for comparison purposes:
- April: 343K
- March: 332K
- February: 353K
- January: 318K
- December: 307K
- November: 314K
- October: 310K
- September: 303K
- August: 296K
- July: 298K
- June: 300K
- May: 315K
Recall that this data series is based on contracts signed and not actual sales.
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SPDR Homebuilders Last 12 Months
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