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MarketTicker Forums Read Message in NotSoBreaking
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User Info May New Home Sales in at 369K in forum [NotSoBreaking]
Argos
Posts: 6305
Incept: 2008-03-23
Gold
The Green Mountain State
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Econoday was expecting a reading of 350K.

Census Release (.pdf):

http://www.census.gov/construction/nrs/p....
Argos
Posts: 6305
Incept: 2008-03-23
Gold
The Green Mountain State
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Partial quote:

Quote:
NEW RESIDENTIAL SALES IN MAY 2012

Sales of new single-family houses in May 2012 were at a seasonally adjusted annual rate of 369,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.6 percent (±12.2%)* above the revised April rate of 343,000 and is 19.8 percent (±15.2%) above the May 2011 estimate of 308,000.

The median sales price of new houses sold in May 2012 was $234,500; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of May was 145,000. This represents a supply of 4.7 months at the current sales rate.
Themortgagedude
Posts: 8841
Incept: 2007-12-17
Green
saint louis
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I guess that's one new home for every newly unemployed worker.

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I'm already visualizing you with duct tape over your mouth.
Jazen
Posts: 3416
Incept: 2007-07-17
Green
****cago
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I wanna be a knife-catcher.

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I hate our Government, but I still love America.
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