Recent Updates
- Germany: **Wholesale Trade Prices rebased from 2010=100 to 2015=100**
- Germany: Wholesale Trade Prices (Aug), IFO Business Climate Survey (Sep), Price Indices for Owner-Occupied Housing (Q3)
- Austria: New Orders, IP (Jul)
- UKR: Scotland Supply for New Housing (2017)
- France: INSEE Services Survey, Business Survey in Industry (Sep)
- Poland: Wages & Employment, Coal Production, Wholesale Sales, Industrial New Orders (Aug), International Trade (Jul), Business Tendency Survey (Sep); Russia: Foreign Cash Flow
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Economy in Brief
German IFO Index Marks Time
The German IFO Institute index has gone sideways in September...
FIBER: Industrial Commodity Prices Weaken
The FIBER Industrial Materials Price Index eased 0.3% during the last four weeks...
EMU Sinks on New Flash PMI Readings
The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018...
U.S. Financial Accounts See Borrowing Ease with Downswing in Federal Government Needs
Borrowing in U.S. financial markets slowed in Q2 2018...
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (6.4% y/y)...
by Tom Moeller July 26, 2007
New home sales during June fell 6.6% to 834,000 following a 2.2% drop in May. The decline was back down to the current cycle’s low.
June sales were down sharply in nearly every region:In the Northeast sales fell 27.1% and were unchanged y/y. In the Midwest sales dropped 17.1% (-28.4% y/y). Sales out West declined a huge 22.5% (-42.8% y/y) but in the South sales rose 7.6% (-12.9% y/y). 
The inventory of unsold homes was unchanged for the month and actually fell 5.0% y/y.
The median new home price fell 1.3% (-2.2% y/y) for the month.
The Fed’s latest Beige Book covering regional economic activity is available here.
| US New Homes | June | May | Y/Y | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|
| Total Sales (SAAR, 000s) | 834 | 893 | -22.3% | 1,049 | 1,279 | 1,201 |
| Median Price (NSA, $) | 239,800 | 239,400 | -2.1% | 241,125 | 234,208 | 217,817 |
