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New Home Sales Up 7.6% in May

June 25, 2012 @ 10:03 AM EST

by The "State" Team

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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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