Recent Updates
- UK: National Insurance Number Allocations (Q3), Capital Issuance, Motor Vehicle Production, Average Precipitation (Oct), BoE Balance Sheets (Nov)
- Russia: Nonresident Holdings of Government Debt (Oct)
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- more updates...
Economy in Brief
U.S. New Home Sales Almost Unchanged Since August
New single-family home sales around the country changed very little in October and also in September...
U.S. Q3 Growth GDP Unrevised at 33.1%; Corporate Profits Rebound
The second estimate of Q3 U.S. real GDP indicated that economic activity rose an unrevised 33.1% q/q...
U.S. Durable Goods Orders Rise Further in October
Manufacturers’ orders for durable goods increased 1.3% m/m (-0.3% y/y) in October...
U.S. Goods Trade Deficit Deepens During October
The advance estimate of the U.S. trade deficit in goods deepened to $80.29 billion during October...
U.S. Initial Jobless Claims Rise for a Second Week
Initial claims for regular state unemployment insurance rose again this past week ending November 21 to 778,000...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller May 25, 2005
New single-family home sales in April rose just 0.2% m/m to 1.316M and the prior month's increase was more than halved. Nevertheless, sales in April set a record and for the year to date are 5.8% ahead of the 2004 average. Consensus estimates had been for sales of 1.325M.
Sales in the Northeast last month spurted by more than one third (28.9% y/y). In the West sales rose moderately (6.4% y/y) but in the Midwest sales fell for the third month this year (+1.0% Y/Y). In the South sales also fell by 5.3% (+20.2% y/y).
The median price of a new single family home recovered most of the prior month's decline and rose 6.1% to $230,800 (3.8% y/y).
The figures from the Census Department reflect homes sold.
The latest FOMC meeting minutes can be found here.
| Homes Sales (000s, AR) | April | March | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| New Single-Family | 1,316 | 1,313 | 13.3% | 1,200 | 1,091 | 976 |
