Recent Updates
- US: Philadelphia Fed State Coincidence Indexes (Apr)
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Economy in Brief
U.S. Mortgage Applications Continue to Weaken
The MBA Loan Applications Index fell 1.2% (-54.5% y/y) in the week ended May 20...
German Climate Reading Continues to Skid Toward the Abyss
Germany's GfK consumer climate reading improved ever so slightly in June...
U.S. New Home Sales Plunge in April as Prices Jump
The new home sales market is unraveling...
U.S. Energy Prices Rise Further
Retail gasoline prices increased to $4.59 per gallon in the week ended May 23...
S&P Flash PMIs Are Mixed in May As Manufacturing Erodes Slowly
Among the early reporting countries in Europe and Japan, the S&P PMI readings for May tilt toward weakness...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
State Coincident Indexes in April 2022
State Labor Markets in April 2022
Profits & Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
by Tom Moeller July 27, 2004
Sales of new one-family homes dipped 0.8% in June to 1.326M. The latest reading was still the second highest on record. Consensus estimates had been for a larger decline to 1.280 million. May sales were revised lower.
Sales fell hard in most of the country, down 14.2% in the Northeast (+16.7% y/y) and down 13.1% in the West (-8.2% y/y). Sales also fell 2.9% in the Midwest (+3.6% y/y). These declines were partially offset by a 9.6% gain in the South (+25.6% y/y).
The median price of a new single family home rose 1.7% to $209,900 (11.7% y/y).
| Homes Sales (000s, AR) | June | May | Y/Y | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|
| New Single-Family | 1,326 | 1,337 | 11.1% | 1,088 | 977 | 907 |
