Recent Updates
- Japan: Monetary Survey (Jun)
- China Regional: China: Beijing Household Expenditure and Income (Q2)
- New Zealand: Food Price Index, PMI, Main Benefits (Jul)
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- Korea: Import & Export Price Indexes Press (Jul)
- more updates...
Economy in Brief
U.S. Unemployment Claims Continue on an Uptrend
Initial claims for unemployment insurance filed in the week ended August 6 rose 14,000 to 262,000...
RICS Survey Points to More U.K. Housing Sector Weakness
The survey of housing market conditions in the U.K. continues to show strength in prices versus weakness...
U.S. CPI Unchanged in July with Drop in Energy Prices
Consumer prices were unchanged in July after an outsized 1.3% m/m jump in June...
U.S. Federal Government Budget Deficit Shrinks in July
The U.S. Treasury Department reported a federal budget deficit of $211.1 billion in July...
U.S. Mortgage Applications Rose Slightly in the Latest Week
Mortgage applications increased 0.2% (-62.9% y/y) from one week earlier...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller July 27, 2005
New single-family home sales jumped 4.0% in June to 1.374M on top of the upwardly revised 3.0% gain in May. The figure set a new record and sales during the last six months averaged 1.288M, up 7.7% from last year's first six months. Consensus estimates had been for sales in June of 1.30M.
Sales rose across the country but the notable 7.2% rise in the Northeast lifted sales 14.1% versus last year.
The median price of a new single family home slipped for the second consecutive month. The 5.5% decline to $214,800 (-0.4% y/y) followed upward revisions to prior months' figures.
The figures from the Census Department reflect homes sold.
| Homes Sales (000s, AR) | June | May | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| New Single-Family | 1,298 | 1,271 | 4.4% | 1,200 | 1,091 | 976 |
