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User Info U.S. APRIL NEW-HOME SALES RISE 3.3% TO 343,000 ANNUAL RATE in forum [NotSoBreaking]
Bearshort
Posts: 4478
Incept: 2007-09-13
Green
NYC
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U.S. APRIL NEW-HOME SALES RISE 3.3% TO 343,000 ANNUAL RATE
Yawnnnn

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"How long to the point of know return?"
Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson.
Theox
Posts: 580
Incept: 2009-01-30
Silver
People's Republic of Maryland
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Reuters: New U.S. single-family home sales rose more than expected in April and prices pushed higher, further evidence the housing market was turning the corner.

http://www.reuters.com/article/2012/05/2....

Better than expected! Cue the monkey...
Mayorquimby
Posts: 13909
Incept: 2008-09-18
Green
The Archaic Past
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Think we might get a stumbling monkey for a day or two.

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They who wish to hurt you, work within the law.
- Morrissey

Gold is theft.
Argos
Posts: 6315
Incept: 2008-03-23
Gold
The Green Mountain State
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MarketWatch was looking for 330K; Reuters was expecting 335K.
Jazen
Posts: 3416
Incept: 2007-07-17
Green
****cago
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Buy now or be "insert whatever here" forever.

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I hate our Government, but I still love America.
Argos
Posts: 6315
Incept: 2008-03-23
Gold
The Green Mountain State
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Census Release (.pdf):

http://www.census.gov/construction/nrs/p....

Partial quote:

Quote:
NEW RESIDENTIAL SALES IN APRIL 2012

Sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.3 percent (±12.3%)* above the revised March rate of 332,000 and is 9.9 percent (±14.7%)* above the April 2011 estimate of 312,000.

The median sales price of new houses sold in April 2012 was $235,700; the average sales price was $282,600. The seasonally adjusted estimate of new houses for sale at the end of April was 146,000. This represents a supply of 5.1 months at the current sales rate.



By the way, TOL (Toll Brothers) ran up 3.89% to hit a new 52-week high this morning, having reported earnings earlier. It is now trading flattish.

(No position.)
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