New Home Sales Reverse Course, Ending Two-Month Deficit

Home / Blog / New Home Sales Reverse Course, Ending Two-Month Deficit

Posted To: MND NewsWire

New Home Sales posted a month-over-month increase for the first time since May according to Wednesday's report from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales in August rose 3.5 percent to a seasonally adjusted annual rate of 629,000 from a revised rate of 608,000 in July. July's revision takes a little of the bloom off of the August report as July sales were originally reported at a rate of 627,000 units, already a 1.7 percent monthly loss. The August estimate however is a substantial 12.7 percent upgrade from last August's rate of 558,000 units. Econoday noted, prior to the report release, that new home sales had failed to meet the consensus estimate of its panel of analysts for two months, and by a substantial degree. It missed again this month but...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

c32de401 177f 4db4 a548 50c947842679 229d8de4 8356 4e2b 9321 8d392a2f580b 55a68243 41d0 4bd7 a491 07050942bda0 b7ede90c 7675 43b4 94e7 1be8fc4d03e5 e1c61445 b960 44bf a114 fc31e1c427ba 50557b5e f61b 4f61 ae72 b97815416a28 71812521 9dea 49fb af15 4aac772e37a3 5e76f195 b908 450c aea5 94b17f096ba8 5132c8b9 85b7 4795 823d d4336e3f9ff4 455c4bc9 1592 4f90 8a82 d977f9cb0cca 049230c3 69cd 49bf ba23 36785cdc3d0f 86f88829 d40f 47b5 b006 6991edcce169 19fb8c18 579c 48d1 8143 7ac8515dd27d 6cf86c1f 97a9 4ac4 b314 ddd3234cf843 d398a806 9170 4c0b 90c0 3e75c21a0b21 2cbcb4d1 cd74 4008 b34c 1c225e64d622 99d0a3f6 03ed 4698 a995 206fe42cd0dd 2a99be15 d10f 4be9 85ab 6a50fd5d41f6 696a1e3a f543 43a6 9896 f73f34494364 b10cb0af 4f49 45dc 9971 23348f5a29a4 5a55776d 4bdf 46de 8706 0fc4160e2ed0 4aab7a66 c824 4a70 96c4 26757fa96cf2 edc03076 2535 416f a357 c4fae05f8632