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Economic Update: New Home Sales

The Commerce Department reported New Home Sales in July rose 13,000 to an annualized rate of 372K. This was above the consensus expectation for a rate of 366K.

Last 12 Months results for comparison purposes:

• June: 359K
  
• May: 382K
  
• April: 343K
  
• March: 332K
  
• February: 353K
  
• January: 318K
  
• December: 307K
  
• November: 314K
  
• October: 310K
  
• September: 303K
  
• August: 296K
  
• July: 298K

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:

• Flash Manufacturing PMI Improves Slightly in August
  
• Existing Home Sales Rebound in July
  
• LEI Above Expectations in July
  
• Philly Fed Index Upticks but is below Zero Again
  
• Housing Starts Down and Building Permits Up in July
  
• Industrial Production, Capacity Utilization Up in July
  
• Empire Manufacturing Dives in August
  
• CPI Remained Flat in July
  
• Retail Sales Rebound in July
  
• PPI Hotter Than Expected in July
  
• NFIB Small Business Optimism Sags
  
• Wholesale Inventories Decline - And Yes, you should Care
  
• Q2 Worker Productivity and Labor Costs Rise
  
• ISM Services Perks Up
  
• Job Growth Improves in July
  
• Factory Orders Miss Mark in June
  
• Challenger Planned Job Cuts Drop in July
  
• ISM Manufacturing Still Sub-50 in July
  
• ADP Employment Report Surprises to Upside in July
  
• Consumer Confidence Perks Up in July, But...
  
• Chicago PMI Headline BTE, But Employment Dives
  
• Personal Income Up, Spending Flat in June
  
• GDP Slows to 1.5% in Q2
  
• Pending Home Sales Down in June
  
• Durable Goods Up on Transportation Orders

 

  SPDR Homebuilders Last 12 Months

 

 

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