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Economy in Brief
U.S. Initial Unemployment Insurance Claims Rise Just 9,000
Initial claims for unemployment insurance rose modestly by 9,000 to 745,000 in the week ended February 27...
U.S. Productivity's Decline Lessened in Q4'20; Reverses Q3 Increase
Revisions to nonfarm business sector productivity indicated a 4.2% decline during Q4'20...
EMU Unemployment Rate Steadies in January
The overall EMU unemployment rate was steady in January, off peak, but still elevated...
U.S. ADP Nonfarm Private Payroll Increase Disappoints in February
Job market strength moderated last month....
U.S. ISM Services Index Weakens in February
The ISM Composite Index of Services Activity declined to 55.3 during February...
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 |
