New Homes – Hints of Market Recovery Are Visible |
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New Homes – Hints of Market Recovery Are Visible Sales of new homes increased 0.6% to an annual rate of 530,000 in June, after a downwardly revised decline of 1.7% in May. Estimates of new home sales during March – May were revised up noticeably. The upward revision and small decline, on a monthly basis, are both positives. On a regional basis, sales of new homes rose in the Northeast (5.3%) and Midwest (+2.5%) but fell in the South (-2.0%) and West (-0.9%). On a year-to-year basis, sales of
Filed under: Fundamental
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