New Home Sales Fall 8.4% in June
July 25, 2012
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Economic Update: New Home Sales
The Commerce Department reported New Home Sales in June fell 32,000 or 8.4% to an annualized rate of 350K. This was below the consensus expectation for a rate of 370K.
Last 12 Months results for comparison purposes:
- May: 382K (revised from 369K)
- April: 343K
- March: 332K
- February: 353K
- January: 318K
- December: 307K
- November: 314K
- October: 310K
- September: 303K
- August: 296K
- July: 298K
- June: 300K
Recall that this data series is based on contracts signed and not actual sales.
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Other stories on the US Economy to review:
- Markit's Flash Manufacturing PMI Weakest in 19 Months
- Philly Fed Down Again in July
- LEI Falls Again in June
- Existing Home Sales Fall in June
- Housing Starts Higher, Permits Lower in June
- Industrial Production Above, Capacity Utilization Below Expectations
- CPI Shows Inflation Flat in June
- Empire Manufacturing Improves in July
- Retail Sales Disappoint in June
- PPI Up in June
- Import/Export Prices Down in June
- NFIB Small Business Optimism Index Pulls Back Again
- Jobs Report Disappoints Again in June
- ISM Non-Manufacturing Index Disappoints in June
- ADP Employment Surprises to Upside
- Challenger Planned Job Cuts Best in Year
- Factory Orders BTE in May
- Construction Spending Above Consensus in May
- ISM Manufacturing Plunges in June
- Chicago PMI Headline Improves But...
- US GDP Grew at +1.9% Rate in Q1
- Durable Goods Up for First Time in 3 Mos
- Consumer Confidence Falls Again in June
SPDR Homebuilders Last 12 Months
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